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利亚德:利亚德2020年ESG暨社会责任报告(英文版) 下载公告
公告日期:2021-03-31

Ticker symbol: 300296

Leyard Optoelectronic Co., Ltd.

ESG & CSR Report 2020

March 2021

About the Report

(1) Reporting Organization

Leyard Optoelectronic Co., Ltd. and entities under it

(2) Reporting Period

Jan. 1, 2020 through Dec. 31, 2020, with certain data and content beyond this time frame

(3) Frequency of Release

Annual

(4) Reporting Data

The annual or audit report shall prevail if there is any discrepancy between thefinancial data disclosed herein and that in the annual or audit report. Other data istaken from internal statistics. Unless otherwise specified herein, any currencyand monetary values referred to herein shall mean China Yuan.

(5) Basis of Preparation

Global Reporting Initiative (GRI) Sustainability Reporting Guidelines (G4)China CSR Reporting Guidelines, Chinese Academy of Social SciencesNotice on Making Listed Companies More Socially Responsible & Issuing theGuidelines on Environmental Information Disclosure for Companies Listed onthe Shanghai Stock Exchange, Shanghai Stock Exchange

(6) Release Form and Interpretation

This report is released in both Chinese and English versions. The Chineseversion shall prevail if there is any discrepancy.This report is released in hard copy and electronic forms. For an electronic report,please visit the company website: https://www.leyard.com/.

(7) Contact Information

Leyard Optoelectronic Co., Ltd.Address: 9, West Zhenghongqi Street, North Summer Palace, Haidian District,Beijing

Tel: 010-62864532

Contents

About the Report ...... 2

Speech ...... 1

25th anniversary of Leyard: ...... 1

Spearheading change in Micro LED display technology, empoweringindustry development ...... 5

Enhancing human audio/video experience as a global audiovisualtechnology leader ...... 7

A 25-year History – Timeline ...... 9

At a Glance ...... 11

Events of the Year ...... 18

Annual Awards and Honors ...... 19

Responsibility Management ...... 21

Corporate Governance – Standard Operation and Steady Development ...... 27

Code of Conduct – Being Self-Disciplined and Fair ...... 34Environmental Responsibility – Pursuing Green Development and SharingCivilization ...... 36

Social Responsibility – Collaboration for Win-Win Results ...... 45

Outlook ...... 67

Speech

25th anniversary of Leyard: the future of Micro LED hasarrived; Leyard embarks on a new journey of intelligentdisplayLeyard has been creating miracles throughout the history of LED display, from thefirst full-color LED display developed in 1998 to the NPP display launched a decadeago. Over the past 25 years, the group has been growing bigger and stronger, withgrowth rate increasing by several times and even dozens of times.Over the past 25 years, Leyard has never stopped exploring and moving forward. Inthe face of market challenges and uncertainties, people at Leyard opt to leadaudio-visual technology development all the way by developing new technologies andbreaking through the boundary. The large-scale industrialization of Micro LED yet tcome will reshuffle the Chinese LED display market. Only those that can understandthe drivers and future trends of display innovation can maintain long-termcompetitiveness in the global LED field.As a global leader in the field of audio-visual technology, Leyard has been committedto developing intelligent display and gaining a competitive edge in Micro LEDtechnology. The industrialization of Micro LED will open up a new era of Micro LEDdisplay.The development of Micro LED is expected to bring changes to the industry intoday’s world. Leyard is required to do better along with development. The group willwork hard to keep employees happy, make customers and partners more satisfied,create a better human audio/video experience, live up to investor expectations,contribute to a better environment and move forward together with all stakeholders!

Spearheading change in Micro LED display technology, empowering industrydevelopmentThe Micro LED concept began to set off a global research boom in 2016. Leyard set up alaboratory and launched the Micro LED display technology development project. Thegroup released the first Micro LED product and invested in mass production in 2019. Injust four years, Leyard broke through barriers, and developed and received dozens ofdriving technologies, invention and international patents of core Mirco LED processesand technologies, contributing to industrialization of Micro LED display technologythrough practical action.Leyard achieved another milestone in Micro LED display this year. On the afternoonof July 15, 2020, Leyard held a conference at the headquarters to launch globally40-inch 2K (P0.4), 54-inch 2k (P0.6), 67-inch 2K (P0.7) and 81-inch 2K (P0.9) MicroLED commercial display products, leading the industrialization of Micro LED andlifting the curtain on an era of Micro LED display.

As a leading downstream application enterprise in LED display industry, Leyard understands the

market and customers’ actual needs best. Leyard was the first company to develop an industrystandard of Mini/Micro LED display in line with practical applications according to

industry developments and future forecast.Oct 29, 2020 · China’s first Micro LED research institute co-sponsored by Leyard, Epistar and

Lijing Microelectronics Technology was set up. The institute aims to facilitate MicroLED chip development and application, research on Micro LED product drivingtechnology and system solutions, mass transfer technology and surface protectiontechnology, breakthrough and landing of Micro LED technologies and ushering in anew era of Micro LED display technology.

The Micro LED Display Technology and Application White Paper (“White Paper”),Volume I written by Leyard in cooperation with the other co -sponsors was alsoreleased on the unveiling site. The White Paper aims to interpret the definition andstandards of Micro LED and support industry sustainability.

Enhancing human audio/video experience as a global audiovisual technologyleaderAs a global audio-visual technology and innovation leader, we have been committedto innovating science and technology, leading industry development withforward-looking technology, breaking through barriers of technology, and setting newrecords for the industry. With innovation-driven development in mind, Leyard keepscreating new business legends and bringing “display made in China” to the world.Leyard has delivered thousands of projects, installed 100,000 display products, andbuilt a great brand reputation for high quality, cutting-edge technology and top serviceall over China since its foundation in 1995. Leyard products are seen not only atlarge-scale cultural and sports events, such as the Spring Festival Gala and theMilitary World Games, but also on political activities, command and dispatch, culturaland tourism night tour, and film and television shooting.Leyard gives back to the community through cutting-edge technologies andinnovations, delivers its commitment to “let the world see, shows a better worldcreates a better audio-visual experience for people with excellent products.

Cases:

Cultural and Sports EventsLeyard display and visual effect system integrates frontier technology, changes thetraditional stage presentation, and employs panoramic free-angle shooting, interactivecamera control, special shooting, and real-time virtual rendering production to createan amazing audiovisual experience for the audience.Glux under Leyard has served the CCTV Spring Festival Gala for 21 years from 2000to 2021. Besides, Dahooo Technology under Leyard serves the radio and televisionindustry all year round. It provided technical solutions for Spring Festival parties oflocal TV stations, including Anhui and Guangxi satellite TVs in 2021.

(Technical solution for CCTV Spring Festival Gala)

(Technical solution for Anhui Satellite TV Spring Festival Party)

Political ActivitiesLeyard serves state events. It stays true to our vision of rejuvenating the nation bypromoting technology and industry and serves the country by industry and highquality products.Leyard has been a service provider of the national and local Two Sessions for manyyears. It created the display system for the CCTV News studio, bringing UHD (ultrahigh definition) visual effect experience for the live broadcast of the State Councilpress conference.

(The State Council Information Office)Command and DispatchOn the evening of December 27, 2020, China’s most powerful rocket, CZ-5 launchvehicle which is nicknamed “Fat Five” blasted off at Wenchang Space Launch Centerin South China’s Hainan Province and sent the Shijian-20 satellite into predeterminedorbit, successfully completing the third launch.The LED command and display system that is independently developed by us andautonomously controllable was used at the command hall on site, flight control centerat Beijing Aerospace City and Yuanwang ship that participated in the measurementand control process. Our employees were determined to succeed and contributed tothe successful fulfilment of the “Fat Five” launch command task depending on highdefinition display, zero-error transmission and reliable and stable operationWe were honored to support the command and display of the launch of “Fat Five”. Byadhering to the spirit of Chinese space community, Leyard will not stop untilachieving the goal of “enhancing human audio/video experience”.

Beijing Aerospace Control Center

Cultural and Tourism Night TourAs a practitioner and innovator of “night economy”, Leyard uses cutting-edgetechnology to integrate local culture, theme landscape, entertainment items andbusiness forms centered on cultural value to provide consumers with an immersivecultural experience while driving local economy and industry. Leyard gives charm totraditional culture through the combination of technology and culture. It innovates andtransforms traditional culture with technology to create the best application scenariosof cutting-edge technology and inherit the traditional culture.

1995, beginningIncorporated in Zhongguancun, Beijing;
1998, first technological innovationdeveloped the first full color LED display in China;
2003-2006, first "marriage"Invested in Barco Leyard together with Barco;
2008, surprised the worldLeyard Optoelectronic contributed to visual effect at the opening ceremony of Beijing Summer Olympics
2008, expanded presenceLeyard Shenzhen set up;
2010, led the eradeveloped the first 2.5mm NPP HD LED TV panel in the world;
2012, listedlisted on the GEM of Shenzhen Stock Exchange (300296) on March 15, 2012;
2014, maintained leading positionAcquired Leyard Lighting, followed by Shanghai Zhongtian, Xi’an Intelligent, Chengdu Culture and Tourism, etc.;
2014, dedicated to public serviceestablished Siyuan Stars Education Fund ("SSEF") for reducing poverty via education;
2015, culture and technology integrationLeafun Culture joined the Leyard family to develop new cultural and tourism business forms;
2016-2017, initial step toward globalizationBrought Planar, NaturePoint and Eyevis under the group, creating an initial framework of globalization;
2016, takeoffLeyard Group established, Daxing Factory started production, products sold to all over the world, performance improved significantly;
2016, Built up global supply chainConstructed a factory in Slovakia to tackle trade barriers;
2018, Commenced the construction of the Southern HeadquartersObtained permit of land for construction, commenced the construction of the Southern Headquarters with a floor area of 90,000m2 and capable of creating CNY 5 billion of output value after completion;
2019, entered the home display marketManufactured and launched LED and LCD big screen TVs and developed strategic partnerships with GOME Retail a year later;
2020, led the eraLaunched globally four standard Micro LED commercial display products, leading Micro LED into a new era.

Planar under Leyard remained top company by market share of control roomapplication of spliced LCD products in America for three years in a row.We are committed to technology research and development and product innovationand hold more than 1,500 patents, including nearly 50 percent of invention patentsand 40 percent of international patents. With enhancing human audio/videoexperience in mind, we target the trillion commercial and civil markets of audiovisualtechnologies and applications, build platform for culture and technology integrateddevelopment, carry out activities in intelligent display, urban light environment, newcultural and tourism business forms, and VR technology, lead scientific andtechnological innovation and reaffirm cultural confidence.With excellent performance and achievements in scientific and technologicalinnovation, we have been named the National Scientific and Technological InnovationModel Enterprise, China Top 100 Electronic Information Enterprises, Beijing top 10IT Enterprises, Top 10 National Culture and Technology Integrated DemonstrationBases, Top 100 Private Enterprises, and “Influential Enterprise” in ChinaOptoelectronics Industry, etc.

Key IndicatorsOperating revenue: 6.634 billion yuan;Net assets attributable to the parent company: 7.229 billion yuan;Total assets: 13.637 billion yuanOperating cash flow: 1.111 billion yuan;Number of employees: 4,462;Number of partners: 4,000+

Corporate cultureWe have always attached importance to corporate culture and taken it as a corecompetence vital to development. While the name means we value “morals overprofits”, the essence of our corporate culture is “sharing”. This spirit is incorporated

into our mission, vision and values. With “win-win”, “trust”, “equality”, “respect”,and “cooperation” in mind, we have created a corporate culture focusing onenhancing human audio/video experience, making ourselves a global audio-visualtechnology leader, and improving customer satisfaction with quality, service, integrityand dedication.What underlies our corporate culture is to put people first and help employees buildtheir future. We value every effort made by every employee, strive develop a diversetalent pool, make education, public service and charity a part of our corporate cultureand responsibility, sponsor hope schools and support students living in poverty.We will continue to explore the way to improve our corporate culture, enrich theconnotation of “sharing”, pursue scientific and sustainable development, and make“sharing” a driver of upgrade and development.

Corporate Strategy2020 is the second year of our third strategic cycle after becoming a listed company.The vision of the third strategic cycle is to “dig deeper into the display field andpursue steady development.” In 2019-2021, we will dig deeper into the display field,pursue steady development, continue researching and developing new technologies,expand the display market segment, increase the global share of LED display, createculture and technology integrated development platform, promote the spin-off andlisting of the VR experience segment, and sustain high-quality and steadydevelopment.

Implementation periodMain point
2013-2015Four-factor driven strategy centered on LED application
2016-2018Culture and technology integrated development
2019-2021Digging deeper into the display field and

pursusing steady development

Micro LED brings the industry into a new cycle of development and holds LEDmanufacturers to stricter requirements. Traditionally, LED manufacturers sell productsbased on production, and products are generally based on projects. As a standardproduct, Micro LED is made with standard modules and requires manufacturers torestructure their management, R&D and production accordingly.Competitive Edge

(1) Strong brand influence

We have delivered thousands of projects and installed nearly 100,000 display productsall over China since establishment and become a global leader in audio-visualtechnologies, products and application platforms. We have built good brand reputationin the industry by high-quality products, leading technologies and top services, andhave been a visual effect and display service provider for major national political andcultural events, and a visual effect services and total solution provider for majorevents and competitions at home and abroad.

(2) R&D strengths, cutting-edge technologies and continuous innovationWe keep investing in technology R&D and build up a R&D team of 700+ memberscommitted in LED-based products. After many years of hard work, we have achieveda range of major breakthrough in LED display technology.We maintain competitive advantage through continuous innovation and receiveproduct patents and software copyrights across business segments. We now hold 901patents, of which 145 are new patents obtained this year, and 184 software copyrightsin the LED display area. The above patents include 42 Micro LED patents, of which32 are new patents obtained this year.

(3) Reliable product quality and excellent product performance

We have developed a sound quality management system that covers all stages fromproduct design to purchase, manufacturing and marketing. At the design stage, we setstrict specifications for project approval, implementation, verification, review andvalidation of technology design; at the purchase stage, we use high quality materialsonly and control their quality strictly; at the manufacturing stage, we automate andmodularize production to stabilize product quality; at the marketing stage, we attachimportance to after-sales service and strive to provide customers with easy andexcellent after-sales guarantee to improve competitiveness and customer satisfaction.We develop products in accordance with international standards, and have receivedthe ISO9001 Quality Management System Certificate, ISO14001 EnvironmentalManagement System Certificate, OHSAS18001 Occupational Health and SafetyManagement System Certificate and National Military Standard Quality ManagementSystem Certificate. Our products that have received CCC, CE, FCC and ULcertifications are recognized by high-end markets and customers in Europe, Americaand Asia-Pacific.

(4) Global marketing and service network and international business structureWe have built up an excellent sales team of nearly 100 people who provide one-to-onemarketing service to high-end customers and customize production to meetcustomer’s specific needs. We now have marketing outlets in major 30 cities all overChina to get industry and project information effectively. We also expand channelbusiness and recruit channel agents based on existing marketing outlets and customersto improve our channel competitiveness and market shareOur products are sold to all over the world. Marketing centers are set up in North

America, Europe, Japan and South America to expand our international presence andget ready for future development.

(5) Qualifications

We have obtained various professional qualifications in intelligent display, landscapelighting and culture and tourism. These include Class B qualification for computerinformation system integration, Class A qualification for lighting engineering design,Class A qualification for urban and road lighting engineering contractor, and Class Aqualification for stage lighting design, installation and commissioning, laying a solidfoundation for the group to become an industry leading total LED application solutionand contributing to our winning bids for large-scale projects.

(6) Culture and technology integration and segment coordination

By adopting a “culture and technology integration” strategy, we strive to create aperfect audio-visual cultural experience based on technology and leverage our leadingaudio, lighting and VR products and technologies to integrate content with technologyin public culture, digital creativity, culture and tourism and recreation experience, andget ready for the arrival of the era of big culture.We have built and been improving the “culture and technology integration” platformto drive coordinated development of segments including intelligent display, urbanlight environment, new culture and tourism business forms, and VR displaytechnology.

(7) Excellent management team

We have a core management team headed by Mr. Li Jun, controlling shareholder andactual controller of the group. All members of the team have extensive managementexperience in the LED application industry. Officers with a title of departmentmanager or above have worked for the group for more than a decade. Equity-basedand other incentives are used to improve team cohesion, build sense of ownership,and inspire their innovation and fighting spirit.Business SummaryWe mainly engage in intelligent display and extended application businesses,

including night time economy, new culture and tourism business forms, and VRexperience.Our intelligent display business consists mainly of intelligent display solutionscentered on display products and applicable to all trades and professions. Our displayproducts include NPP LED TV, LED display, large LCD video wall, and large screenvideo conferencing system.

Activities of night time economy include design, implementation, O&M of landscapelighting solutions for government and real estate customers.New culture and tourism business forms are solutions that aim to reflect culture andimprove cultural experience based on acoustic-optoelectronic technologies andproducts. We provide one stop services from planning to implementation andoperation. The market is still in its infancy with broad prospects.

Events of the Year

TitleContentDiagram
Global No.1LED display remained No.1 in global market share for four consecutive years; obtained Level IV Information System Building and Service capability CS Certification (formerly known as Level I System Integration)
Promoting Micro LED industrializationLaunched globally four standard Micro LED commercial display products, won bids for two Micro LED benchmark projects, put Lijing Microelectronics Technology (“LMT”) Micro LED mass production base into operation
Increasing investment in R&D and prioritizing personnel trainingEstablished Micro LED research institute with LMT, released the first Micro LED Display Technology and Application White Paper, and got approval for post-doctoral workstation
Digging deeper into the display segment and achieving significant resultsDomestic display business exceeded the annual target; overseas units made profit while fighting against COVID-19
Smart street lamp; planning for 5G new infrastructureWon the bid for lighting of important nodes and road landscape in Kunming downtown; won the bid for smart lamp for municipal service roads surrounding Olympics Sports Center in Xi’an International Trade & Logistics Park
Spearheading night time economyBuilt the Gusu 8:30pm Pilot Zone and the Wonderful · Night Detian night time projects, spearheading creation of new night time economy models
Further developing the conference marketLeyard video conferencing system debuted. The market got on track for high-speed growth
Independent VR segmentVirtual Point merged with NATURAL POINT for expanding business into VR applications
Advanced entity in fighting against COVID-19Leyard Group and SSEF donated 5 million yuan supplies to overseas affected areas for COVID-19 control, and was named Advanced Private Enterprise in Fighting against COVI-19 by the All-China Federation of Industry and Commerce
S/NAward & honorGranted by
12020 Haidian Statistics Integrity Model EnterpriseBeijing Municipal Bureau of
Statistics
2Poverty Alleviation Caring Collective/IndividualChina Siyuan Foundation for Poverty Alleviation
32020 Chinese Brand Innovation Case AwardPeople's Daily
4Level IV Information System Building and Service Capability Certification – Excellent (CS4)China Information Technology Industry Federation
5National Innovation Technology Demonstration Enterprise (review)Ministry of Industry and Information Technology
6Best Investor Relations Award, Best Board of Directors, and Best New Media Operation of the 11th Tianma Award for Investor Relations of Chinese Listed CompaniesSecurities Times
7Chinese Company Excelling in Productivity GrowthChina Productivity Society
8Top 500 Chinese New Economy Enterprises 2020China Enterprise Evaluation Association
9Approval for building “post-doctoral workstation”National Postdoctoral Management Committee of the Ministry of Human Resources and Social Security
102020 China Top 100 Enterprises20th China Business Top 100
11New Fortune Best Listed CompanyNew Fortune
12National Quality and Integrity Benchmark EnterpriseChina Association for Quality Inspection
13Contract and Promise Honoring EnterpriseEnterprise Credit Information Center of China Enterprise Evaluation Association
14National Audio-Visual Enterprise Leading with Quality, National Audio Brand Leading with QualityChina Association for Quality Inspection

Responsibility ManagementOur View on CSRWe perform the social responsibility of rejuvenating country, boosting industry andbenefiting people with our strength in technology and share our S&T innovations withthe world.Rejuvenating ChinaAs a visual service provider of significant political and cultural events in China, wealways remain true to our original aspiration to earn respect with quality, follownational strategy, base ourselves on industry, serve the country by industry andestablish Leyard as a responsible national brand.Boosting IndustryWe pursue innovation-driven development by breaking through technological barriersand spurring product innovation to meet and exceed customer expectations and pushthe industry forward. We seek to take our group global by promoting opening up andcooperation and expanding overseas markets for achieving mutual benefit andwin-win results. We stick to technology and culture integrated development byempowering the cultural industry with technology and building a presence in the ageof big culture.Benefiting PeopleWe have been engaged in public service and poverty alleviation for more than 20years. Siyuan Stars Education Fund was established in 2014 to support the growth ofnext generation, and more importantly, facilitate the landing and industrialization ofcutting-edge technology. Typical examples of our creating benefits for people withtechnology including 5G+8K livestreaming and optical motion capture in film andtelevision production.CSR Strategy and Its PreparationPeople orientedA diverse talent pool is the cornerstone of business success. Our rapid development is

the result of joint effort of employees from different countries, with different ages,different technical backgrounds and true integrity, as well as employees of ourbusiness partners and suppliers acting according to the same standards. They fulfillcommitment to rejuvenating China, boosting industry and benefiting people in healthyand safe workplaces.Innovation-drivenWe drive technology and management upgrade through strategy, management,technology, business model and culture innovation to meet customers’ increasinglyhigher audiovisual requirements, respond to the needs of disruptive innovation ofdisplay technology in the 5G era and lead the display industry towards Made byChina .Public service and Environmental ProtectionWe set up a nonprofit foundation to help improve the learning environment forchildren in the mountain areas and local quality of life through charitable activitiesand donations. We stick to green and environmental friendly production andoperations and provide novel and energy efficient products and technologies to bringour customers with the experience of efficiency and environmental protection andmake contributions to all-around sustainable development.Collaboration with StakeholdersWe value communication and collaboration with the governments, shareholders,customers, suppliers, community and employees and understand what is their priorityregarding sustainable development and what they expect of us. We mobilize resourcesproperly through collaboration and promote all-around sustainable development bycommunicating philosophy, providing training, building capacity, and givingsuggestions on policy.

Responsibility Management SystemResponsibility Management ModelConcept: rejuvenating China, boosting industry and benefiting people

Stakeholders: shareholders, governments, employees, consumers, suppliers, partners,communities, environment and mediaCSR Working MechanismFor performing CSR, we take into account views of stakeholders, improve CSRmanagement system and coordinate sustainable development of the group andcompanies under the group. Specific CSR is assigned to key functions, including theMarketing, HR and Supply Chain under the leadership of the board office. Feedbackof functions is collected to optimize our CSR working mechanism and formed aclosed loop.

Analysis of Substantive IssuesAnalysis ProcessWe make it a part of our culture, mission and overall development strategy to takemore social responsibilities and benefit society while creating economic benefits. Byreferring to international standards and policies concerning CSR, including theSustainability Reporting Guidelines (G4) and ISO26000, we analyze substantiveissues regarding sustainable development based on our own business strategy andstakeholders’ expectations for disclosing information in a more specific way.

TitleContent
01: identifying issuesBy referring to international standards and policies concerning CSR, including the Sustainability Reporting Guidelines (G4) and ISO26000, we find out corresponding industry standards and consult experts to identify initial substantive issues and create an issue library in combination with our development strategy.
02: screening and sortingWe consult stakeholders through questionnaire survey, interview, training, and after-sales, etc., screen substantive issues based on their opinions and sort the issues by importance.
03: reviewAdvice on substantive issues and sorting is obtained from an external expert. Substantive issues and sorting are reviewed by the management.

Communication with StakeholdersWe identify internal and external stakeholders who are crucial to our successaccording to our daily operations and management, scope of topics and impact level.We closely communicate with key stakeholders and all sectors of society to build trust,reach a consensus on sustainable development and maximize our value creationpotential. By referring to international standards and policies concerning CSR,including the Sustainability Reporting Guidelines (G4) and ISO26000, we analyzesubstantive issues regarding sustainable development based on our own businessstrategy and stakeholders’ expectations for disclosing information in a more specificway.

StakeholderExpectation and requirementMeans of communicationScope of communication
ShareholderCorporate governance Value creation Transparency1. General meeting of stockholders 2. Information disclosure 3. Investor research,We received 52 researches conducted by 928, and answered 646 questions raised by
of information disclosure Scientific and technological innovationinteractive communication platform, road show 4. Telephone, fax, emailinvestors through the Easy Interactive Platform in 2020.
GovernmentCompliance management Tax compliance Job creation Economic development1. Government-enterprise discussion 2. Regulatory inspection 3. Work report researchWe operate in accordance with laws, build a good business environment, pay taxes in full according to law with 467 million yuan paid in 2020. We also created 4,000+ jobs in the year.
EmployeeFair employment Compensation and benefits Health and safety Promotion and development1. Congress of workers and staff, trade union 2. Career development, health and safety training 3. Feedback mechanism, whistleblower protection mechanism 4. Employee care activitiesWe encourage employees to participate in sports, organize regular physical examinations covering all employees, provide mental health training, and carry out 16 times of special training with the total duration of 32h.
ConsumerProduct safety Privacy protection Business ethics1. Product labeling and information disclosure 2. Consumer complaint and handlingWe have 36 after-sales service offices throughout China. Our customer satisfaction
After-sales service3. Regular visitreached 96.75% in 2020.
SupplierStable cooperation Honest operation1. Regular communication 2. Examination of qualification 3. Supplier trainingWe pay attention to suppliers’ CSR reports, raise requirement for their qualifications, increase their environmental awareness for building a green supply chain together.
PartnerFair competition Communication and learning1. Industry forum 2. Field visitWe prepared standards for fair transaction and competition to improve digital control over supply chain, and increase the application and penetration of supply chain finance.
CommunitySocial welfare Social stability Caring the vulnerable1、 Targeted poverty alleviation 2、 Helping students living in poverty 3、 Supplies donationWe donated money and supplies worth more than 30 million yuan, and helped 4,000+ students.
4、 Fighting against COVID-19 together
EnvironmentEfficient use of resources Energy conservation and emission reduction1. Improving production technology 2. Products of green concept 3. Green office 4. Waste recycling 5. Supply chain managementWe implement a green, low carbon development strategy, and provide environmental responsibility training. We held environmental training for 16 times with the total duration of 32h in 2020.
MediaBenign interaction Transparency of information disclosure1. Special interview 2. Telephone interviewWe release news, respond to media and take interviews via our official website and WeChat account.

Shenzhen Stock Exchange, the Standard Operation Guidelines for Companies Listedon the GEM of Shenzhen Stock Exchange and other applicable laws and regulationsfor the purpose of further improving corporate governance. As of the end of thereporting period, our governance complies with laws, regulations and normativedocuments of the China Securities Regulatory Commission and Shenzhen StockExchange.

(A) Shareholders and general meetingWe convene and hold the general meeting of shareholders in strict accordance withthe Articles of Association, the Rules of Procedure of the General Meeting ofShareholders and other applicable rules, treat all shareholders equally, and facilitateshareholders’ participation in the general meeting to enable them to fully exercisetheir rights as shareholders.(B) Company and controlling shareholderLeyard’s controlling shareholder, Mr. Li Jun, is a natural person who serves aschairman. As a controlling shareholder, Mr. Li regulates his behavior strictly and doesnot override the general meeting to interfere, directly or indirectly, with thecompany’s decision-making and business activities. Leyard is fully capable of doingbusiness and operating independently, has independent and complete systems in termsof business, personnel, assets, institution, and finance. The board of directors, board

of supervisors and internal bodies operate independently.(C) Directors and board of directorsLeyard’s board of directors is composed of 5 members, including 2 independentdirectors. There are four special committees under the board of directors, i.e. StrategyCommittee, Compensation and Assessment Committee, Audit Committee andNomination Committee. The number and composition of the board of directorscomply with the Company Law and other applicable laws and regulations and theArticles of Association. The board of directors and its members are able to operateand work, attend board and general meetings, and perform their duties and obligationsdiligently in accordance with the Standard Operation Guidelines for CompaniesListed on the GEM Board of Shenzhen Stock Exchange, the Rules of Procedure of theBoard of Directors and the Independent Director System. They also participate intraining and familiarize themselves with applicable laws and regulations.Here is information on members of committees:

NameTitleGenderDegreeBackground
Li JunChairmanMalePhDHe works in the LED application field for more than 20 years and is rich in management and hands-on experiences.
Li NannanNon-independent directorFemaleMasterShe has been responsible for securities, investment, procurement, legal affairs, human resources, administration, and taken charge of Leyard’s capital operations including IPO, investment and M&A of nearly 10 domestic and foreign companies.
Fu ChanniNon-independent directorFemaleMasterShe has been engaged in HR for nearly 20 years.
Wang JinyongIndependent directorMalePhDHe has worked with several listed companies as director/independent director and accumulated a wealth of experience.
Ye JinfuIndependent directorMaleMasterHe is an experienced accountant, who has worked with several companies as independent director.
CommitteeName
Compensation and Assessment CommitteeWang Jinyong
Ye Jinfu
Fu Channi
Strategy CommitteeLi Jun
Li Nannan
Fu Channi
Audit CommitteeLi Nannan
Wang Jinyong
Ye Jinfu
Nomination CommitteeLi Jun
Wang Jinyong
Ye Jinfu

Audit Committee.The goal of risk management is to formulate risk management policies that minimizerisks without producing excessive impact on Leyard’s competitiveness and resilience.The internal audit division sets criteria for risk level identification in qualitative andquantitative aspects based on factors including Leyard’s size, business characteristics,and risk preference and tolerance.

Internal Control SystemLeyard has a robust governance structure.In order to implement internal controls in operation and management effectively andachieve control objectives, we have developed effective control procedures for relatedparty transactions, external security, use of raised funds, major investments, andinformation disclosure.In terms of related party transaction, we have developed the Related TransactionManagement System in accordance with applicable laws, regulations and the Articlesof Association to regulate basic principles of related party transactions, specify thereview, decision-making, information disclosure and other procedures of related partytransactions. Independent directors perform their duties carefully and review relatedparty transactions strictly.In terms of external security, we have developed the External Security ManagementSystem, which appoints the general meeting and board of directors as the externalsecurity approval bodies and assigns the approval authority clearly in order to regulateexternal security and control operation risk. The bodies control external securitystrictly in a legal, prudent and safe manner.In terms of fundraising, we have developed the Fund-raising Management System ofLeyard Optoelectronics Co., Ltd. in accordance with the Securities Law of thePeople's Republic of China, the Administrative Measures for the Issuance ofSecurities by Listed Companies, the Rules for Listing on the GEM of Shenzhen StockExchange and other applicable laws and regulations, as well as regulations of the

China Securities Regulatory Commission and Shenzhen Stock Exchange in order tospecify the storage, use, change, and supervision of raised funds, and informationdisclosure for ensuring the safety, compliance, openness and transparency of the useof raised funds.In terms of external investment, we have developed the External Investment Systemin accordance with the Company Law of the People’s Republic of China, the ContractLaw of the People’s Republic, the Articles of Association and other applicable lawsand regulations in order to make strict provisions for the scope, authority and approvalprocedure, decision-making procedure, transfer and recovery of external investmentfor the purpose of minimizing the risk and maximizing the benefits of externalinvestment, and protecting the interests of Leyard and its shareholders.In terms of information disclosure, we standardize information management andensure that accurate, complete and true information is disclosed in a timely mannerand there is no information that should be disclosed but has not been disclosed. Wehave developed the Information Disclosure System, the Inside InformationConfidentiality System, the Inside Information and Insider Management System, theAccountability System for Major Errors in Annual Report Disclosure and the ExternalInformation Submission and Use Management System in accordance with theCompany Law, the Securities Law, and Rules for Listing on Shenzhen StockExchange in order to stipulate the principles, content, procedures, division ofresponsibilities, information transfer, registration, filing, confidentiality andaccountability of information disclosure. We implemented applicable provisions ofthe management systems strictly and there was no violation occurred in the year.In terms of internal supervision, we have set up an inspection and supervision team toinspect and supervise the work and implementation of systems of BUs, positions andemployees, and help mangers of HR and BUs assess the work of employees in allaspects and rewarding and penalizing employees’ work quality in all aspects andreward or punish them accordingly. The inspection and supervision team is composedof Fu Channi (HR), Bai Jianjun (Quality), Zhao Qin (Finance), Li Xuejing (Legal),

and Meng Fanming (Internal Audit).

Related Party TransactionsWe regulate the review, decision-making and disclosure of related party transactionsin strict accordance with the Related Party Transaction Management System. Duringthe reporting period, we signed framework agreements on current related partytransactions with related parties to predict the annual amount of current related partytransactions and submit them to the general meeting for review. We sort out currentand non-current related party transactions and follow up such transactions in a timelymanner to ensure their fairness and compliance.Here are related party transactions conducted in the year:

S/NCounterpartyAssociationControl relationshipTransaction amount (yuan)CurrencyTypeAnnouncement date
1Li Jun, Yang YaniActual controllerYes200 millionCNYSecuritySep. 7, 2020
2Li Jun, Yang YaniActual controllerYes440 millionCNYSecurityAug. 27, 2020
3Li Jun, Yang YaniActual controllerYes600 millionCNYSecurityAug. 27, 2020
4Li Jun, Yang YaniActual controllerYes100 millionCNYSecurityAug. 27, 2020
5Li JunActual controllerYes170 millionCNYSecurityAug. 27, 2020
6Li Jun, Yang YaniActual controllerYes50 millionCNYSecurityJun. 30, 2020
7Li Jun, Yang YaniActual controllerYes250 millionCNYSecurityJun. 30, 2020
8Li Jun, Yang YaniActual controllerYes150 millionCNYSecurityJun. 30, 2020
9Li JunActual controllerYes--SecurityMay 29, 2020
10Li JunActual controllerYes143 millionCNYSecurityMay 23, 2020
11Li Jun, Yang YaniActual controllerYes300 millionCNYSecurityMay 23, 2020
12Li Jun, YangActual controllerYes200 millionCNYSecurityApr. 10, 2020
S/NCounterpartyAssociationControl relationshipTransaction amount (yuan)CurrencyTypeAnnouncement date
Yani
13Li JunActual controllerYes50 millionCNYSecurityApr. 10, 2020
14Li Jun, Yang YaniActual controllerYes600 millionCNYSecurityApr. 10, 2020
15Li JunActual controllerYes200 millionCNYSecurityApr. 10, 2020
FieldDomesticDomesticDomesticGranted overseasTotal patentsNew patentsSoftware copyright
patentutility modelpatentpatent
Display131432191147901145184
Including: MicroLED1113——184232-——

Fair Competition and Anti-Corruption

We strictly abide by the Antitrust Law of the People’s Republic of China, theAnti-Unfair Competition Law of the People’s Republic of China, the Law of thePeople’s Republic of China on Protection of the Legitimate Rights and Interests ofConsumers and other applicable national laws and regulations, social ethics andintegrity practices. We honor promises and act with honesty and in line with businessethics. We faithfully perform contracts and oppose unfair competition. In order toprevent corruption in business activities, we have developed the Leyard Clean andCompliance Purchase Agreement, the Procurement Control Compliance Procedure,and the Non-disclosure Agreement. Our supply chain and related BUs place emphasison employee management and integrity education, and require employees to monitoreach other, not engage in dishonest practices, and keep procurement transparenttogether.We attach importance to intellectual property protection. With fair trade andcompetition standard in place, our supply chain works with leading domestic softwareand internet companies to improve digital supply chain management and control, andpromote the application and penetration of supply chain finance in LED display andlighting industries. Our Supply Chain will start the research and development processof social business network of trusted suppliers of the industry chain in 2021 forcreating a supply-side credit map based on blockchain technology.Whistleblower Protection MechanismAn anonymous suggestion box is provided in the public area by the inspection andsupervision team so that employees can give comments on management at any time.The suggestion box also serves as a channel for customers and employees to make acomplaint. The inspection and supervision team is responsible to investigate anyviolation of rules and regulations, and hold relevant BUs or individuals responsible. Ifsomething goes wrong,

1. The inspection and supervision team will carry out inspection, may ask personnelconcerned, request BUs to provide documents and information relating to the matter

under inspection and make an explanation, may record, photograph or otherwisecollect information about the situation, may disclose relevant data to the publicsubject to the team’s agreement, and may submit any violation for punishment afterbeing agreed by all team members. The team is required to figure out the root of anyproblem identified;

2. Any person who breaks the rules is required to recognize his mistake and be subjectto relevant punishment;Any BU or individual who says “ I don’t know or I know nothing” when being askedabout anything must be educated. Any manager or BU which shifts responsibility orfails to act must be required to take corrective actions. Otherwise responsible personwill be replaced.

(Anonymous suggestion box )

Anti-Money LaunderingCentered on national anti-money laundering requirements and priorities, we study andimplement the Law of the People’s Republic of China on Anti-money Laundering,fulfill anti-money laundering obligations, improve relevant working mechanisms,supervise operations, increase our ability to identify anti-money laundering, andprevent and fight against money laundering.Environmental Responsibility – Pursuing GreenDevelopment and Sharing CivilizationI. Environmental Management

1. Environmental Management System

Fast economic development brings huge pressure on environment. We are well awareof the environmental responsibility we should bear as a corporate citizen, andintroduce a sustainable business model to reduce the negative impact of business

development on the environment. We leverage our technical strengths to promotegreen products and sustainable business models, and gather forces to address globalclimate change and other environmental issues.We implement green and low-carbon development strategies, strictly abide byenvironmental laws and regulations that have a significant impact on us, including theEnvironmental Protection Law of the People's Republic of China, continuouslyimprove the environmental management system, strengthen environmentalmanagement responsibilities, and explore effective ways to protect environment, so asto build a resource-saving and environment-friendly enterprise.With “harmonious environment, occupational health, compliance and sustainability”in mind, we have achieved remarkable results in environmental management in recentyears. We received ESI Management System Certification (No. 001119E30037R3M-2)in June 2019, showing that our environmental management system complies with theEnvironmental Management System – Requirements with Guidance for Use(GB/T24001-2016/ISO14001:2015).

In terms of systems, our top management has developed the Environmental FactorIdentification and Evaluation Control Procedure, the Environmental, OccupationalHealth and Safety Targets, Indicators and Management Plan Control Procedure, theSolid Waste Control Procedure, and the Chemical Control Procedure to specify,among others, functions responsible for environmental management and managementobjectives.

Responsible functionObjectivePlan
HR & AdministrationReducing energy and resources (water, electricity, paper, and oil) consumption by 1% per 10,000 yuan output per quarter1. Conducting monthly inspections on regular and irregular basis, strengthening energy management, eliminating energy waste, and raising employees' energy conservation awareness; 2. Calculating energy consumption on a monthly basis, analyzing the cause of increased or decreased consumption, identifying problems and making improvement
Manufacturing, Procurement, Warehousing & Logistics (Warehousing), Sheet MetalEliminating hazardous chemical accidents (leakage, fire, explosion, etc.)1. Inspecting the storage and use process of hazardous goods every month in accordance with the Chemical Management Guide to ensure that hazardous chemicals are stored and used in compliance with regulations; 2. Conducting spot checks on posts involving the use of hazardous chemicals every month to ensure that personnel engaged in such posts know the characteristics of the hazardous chemicals used, precautions of operation, and emergency measures; 3. Inspecting hazardous chemical suppliers on a quarterly basis to ensure that they operate in accordance with respective agreements and correct any problems found during the inspection immediately.
Procurement100% tin recycling1. Collecting waste solder paste and tin slag every month, and exchanging the slag with suppliers for material.
HR & AdministrationFire inspection and drill1. Carrying out on-site inspection and assessment once a month, strictly following the requirements of safety management system, and issuing notice of correction of hazard; 2. Organizing employee training every quarter
and raising employees’ safety awareness through various activities; 3. Conducting fire drill once a year.
HR & AdministrationDisposal of 100% hazardous waste according to law1. Checking the waste collection and storage process in accordance with the Waste Management Guide every week to ensure that wastes are classified, stored and recorded in compliance with provisions; 2. Following the Waste Management Guide, releasing and collecting hazardous wastes by category, and sending them to qualified processors.
HR & AdministrationEliminating complaint against waste sorting1. Carrying out waste sorting training, checking waste sorting in the group and dormitory areas, and subjecting any employee who does not sort waste as required to disciplinary action.

industry market, we are committed to driving the healthy and sustainable developmentof the entire LED industry with technological innovation. We also provide technicalsupport for the construction of green cities in China.Leyard NPP products are ultra-clear and ultra-thin, enabling seamless splicing. Theyhave high brightness, which can be adjusted according to the ambient light, creatingexcellent imaging effects and best viewing experience any time. The high-efficiencyPFC power supply reduces energy consumption and promotes low-carbonenvironmental protection.We worked with an internationally renowned panel driver manufacturer to developthe next-generation Micro LED driver chip in March 2019. The chip was developedsuccessfully and put into pilot production in May 2020 for verification. The resultshowed that the chip meets high international standards. It has been used in the massproduction of our Micro LED commercial display products, helping improve theperformance of the display products and achieving major breakthrough in energyefficiency. Adopting the common cathode energy-saving technology of which wehave independent IP rights, the chip uses different voltage drives for the R/G/Bthree-color LEDs, and significantly improves the power consumption, packaging andheat dissipation of Micro LED display units. Compared with traditional chips, thedriver chip saves 40% of energy in the maximum brightness mode, reducing averagepower consumption by 50% on average, and power consumption in black screenmode by 50%.The future of electronics lies in integration and standardization. The combination ofLeyard products with Micro LED development enables the Asic transformation ofDCUs and production standardization so as to simplify application, lowermaintenance cost and get ready for mass commercialization.Besides, we optimized manufacturing processes of some products, such as NEV.Previously, the calibration label size was 25&10mm and didn’t fit certain products.The optimized size is 25*8mm, reducing material costs significantly.

2. Supply Chain

In accordance with the ISO50001:2018 Energy Management Systems – Requirements,the RB/T101-2013 Energy Management Systems Requirements for Certification onElectronics and Information Enterprises, and the Energy Management Systems –Implementation Guidance, we followed the idea of advanced management, developedand implemented a scientific, standardized, and information-based energymanagement system to reduce energy consumption, increase energy utilizationefficiency, protect and improve the environment, achieve our comprehensive andcoordinated sustainable development goals, and obtained the Energy ManagementSystem Certification in 2019.Specific measures are as follows. In warehousing and logistics, we used electricforklifts in place of fuel-fueled models, and introduced the concept of greenwarehousing logistics to achieve efficient, optimized and green distribution. Inprocurement management, we developed a green procurement system to ensure thatenergy efficient equipment and facilities are purchased. We buy lead-free,low-temperature solder to prevent pollution and save energy. Our factory is subject toSGS certification every year and comply with requirements for reduction of energyconsumption in manufacturing.Waste DisposalWe have received an ISO 14001 certificate and established a robust operatingenvironment management system. We have predicted types of possible pollution fromproduction and operations and developed relevant control procedures, including theProcedure for Prevention and Control of Waste Gas and Wastewater Pollution, theSolid Waste Control Procedure, the Procedure for Prevention and Control ofEnvironmental Noise Pollution, the Procedure for Prevention and Control of SoilPollution and the Chemical Control Procedure for the purpose of controllingenvironmental impact of operation stages and enabling co-development of economyand environment.Our factory is equipped with a 650-ton domestic sewage treatment system. Sewagefrom the canteen is filtered with grease trap before discharging. Discharge is

monitored on a regular basis to ensure compliance with standard. Sanitary sewer isdischarged into the municipal sewer network. Our sewage discharge meets Level Istandard, Class A requirements under the Discharge Standard of Pollutants forMunicipal Wastewater Treatment Plant (GB18918-2002).For waste gas treatment, we: (1) use a fume purification system and low NOx burnersfor boilers to reduce NOx and CO

emissions and minimize the impact of pollutantson the environment; (2) provide waste collection systems in workshops to disposewaste in a safe and proper manner, and strive to reuse wastes and used productsthrough technological innovation; and (3) rolled out low-temperature solder paste in2019. With lower furnace temperature (190-210℃) than normal solder paste(235-255℃), low-temperature solder paste reduced waste gas emissions by 22.5% in2020 from 2019.

4. Waste Recycling

We developed the Energy Conservation and Consumption Reduction ControlProcedure to reduce the consumption of water, electricity, paper and materials in theday-to-day operations, achieve savings of resources and energy during production andinstallation, and control the amount of waste. To this end, at the beginning of eachyear, we compile the Annual Plan for Energy Conservation and ConsumptionReduction, which is to be reviewed and approved by the supervisor and isimplemented under his supervision. The plan analyzes monthly energy consumption,and identifies any problems with energy consumption on a timely basis. If anyproblem is identified, the plan will be improved.The Process recycles samples scrapped in research and development and turns theminto test fixtures like module test fixture at the assembly section. Four scrapedmodules (approx. 25%) out of each series of products are recycled for HUB test.

5. Green Office, Green Living

Fast economic development brings huge pressure on environment. We are well awareof the environmental responsibility we should bear as a corporate citizen, andintroduce a sustainable business model to reduce the negative impact of business

development on the environment, and gather forces to address global climate changeand other environmental issues.Our Beijing factory adopted OA and MES systems in 2020 to reduce requisition foroffice supplies and appliances. Two new file cabinets were added in 2020, comparedto 3 in 2019, reducing footprint by 0.36m2. In 2020, 728 packs of paper were used,including 470 packs of new paper (10% less than 2019), and 258 packs of used paper,accounting for 35% of paper used in 2020, as the factory required to use second-handpaper first. Used paper consists mainly of some formal reports and expired documentsat the document control center.The Beijing factory also takes actions in response to the call for energy saving andemission reduction. Its Administration eliminated a fossil fuel car in 2020, andchanged a fossil fuel shuttle bus into an electric bus, reducing the use of gasoline byapprox. 6,680L per year. Solar water heaters are used in its dormitory to achieve about100,000kWh of energy savings every year.The Shenzhen company added card-swipe printing to its printers in October 2020,enabling cancellation of printing in case of any mistake and minimizing waste ofpaper caused thereby. Statistics show that 28,000 pieces of paper were used inOctober-December 2020, which was 36,000 pieces (or 22%) less than the same periodlast year.Moreover, the Shenzhen company developed a range of energy saving andconsumption reduction management policies to stipulate that computers must beturned off when coming off duty, AC temperature must be set to 26℃ and airconditioning drainage shall be used for internal greening, etc.

6. Others

A stormwater collection system is used in our Beijing Park to collect stormwater andirrigate plants in the factory. Consequently, water consumption is reduced by about50,000t each year.III. Workplace Safety

1. Workplace Safety Management

We have developed the 2020 Safety Management System, the Fire Protection andEmergency Plan, and the Fire Protection Utilities Management Guide in accordancewith workplace safety requirements.Each Leyard factory tries to identify hazards of process system, infrastructure,operating environment, and prevention and control means, as well as areas ofweakness in connection with workplace safety system and mechanism, institutionalimprovement, safety management organization system, accountability, and accidentinvestigation. Hazards are controlled with technology, management and culture.We leverage technology to eliminate or reduce losses arising out of hazards and act instrict accordance with rules and regulations. Managers at all levels shoulder theirrespective responsibilities, identify hazards and take remedies on a timely basis. Wealways seek to improve safety rules and regulations, and organize safety knowledgetraining and safety emergency plan drill for employees on a regular basis to raise theirsafety awareness. Careful and human-oriented inspection is conducted to makeemployees feel safe, help them establish good safety habits, and contribute to a safetyculture.We provided 16 sessions of training on environment, health and safety with the totalduration of 32h in 2020, and 18 sessions of induction training on environment, healthand safety, with the total duration of 36h.

2. Chemical Safety

We’ve received QC080000 Certificate No. IECQ-HNQAGB19.0106-02 andimplemented the Chemical Management Guide and the Hazardous Chemical SafetyManagement System.

the next three years, our HR strategy reflects high standards and strict requirements inthe following aspects.(A) Objective

1. Management personnel. We will train existing middle and senior managementpersonnel and help them become senior management personnel who are familiar withtechnologies, good at management, can expand market and play a leading role. Wewill give priority to training management personnel in market management, salesmanagement, R&D management, technology management, engineering customerservice management, financial management and human resources.

2. R&D and technology personnel. The quality of R&D personnel represents thetechnology level of a company. As a high-tech enterprise, we need to build a team ofoutstanding R&D personnel, including core R&D personnel, middle-level reservepersonnel, and basic developers to ensure a proper personnel structure. Meanwhile,we provide specialist technical training to technology personnel and optimize theirstructure.

3. Versatile sales personnel. We plan to build a team of excellent versatile salespersonnel by 2024. They will be able to manage projects, negotiate businesscooperation, and increase market shares of products.(B) Quality RequirementsWe will raise the intellectual level of employees, provide them with more vocationalskill training, and foster diverse talent. We seek to improve overall qualities of ouremployees by assessing their literacy, expertise, skills, attitude and competence by2024.(C) Structural RequirementsOnly a reasonable talent structure can maximize the overall efficiency of theorganization. As for trades, we will address talent shortage in optical technology,microelectronics, semiconductor, optoelectronic, and electronic information. As forage structure, we will focus training on middle and senior management personnelaged 35-45. BUs are required to give priority to reserve personnel aged 28-35.

Priority will be given to high skill first-line employees under the age of 35. As foreducation requirements, we hope that 20% of our employees with a university degree,55% with a master’s degree, and 32% with a college degree.

Our Employees (Supplement)As of December 31, 2020, we have 4,462 employees, a decrease from 4,783 last year,of which 1,592 (or 33.30%) are female. 99.17% of our employees sign a formalemployment agreement with the group. The remaining 0.83% are special personnelrequired for special jobs, who sign a service contract with the group.As for recruitment, we have been giving priority to introduce high quality talent inrecent years, leading to rising proportion of highly educated employees. In 2018-2020,the number (proportion) of employees with a university degree or above was 1,617(36.82%), 1,745 (36.48%) and 1,627 (36.46%), respectively.

Education
Degree201820192020
Master degree or above158163199
University1,4591,5821428
College1,0111,1621164
Senior high school and polytechnic school851893854
Below senior high school913983817
Total4,3924,7834462

pension, medical, unemployment, work-related injury and maternity insurances andhousing fund for all employees, and have a paid leave system to make annual leaveand family visit leave available for employees.We fulfill our social responsibilities as a corporate and never discriminate against anyemployee because of race, nationality, social origin, gender or pregnancy in terms ofrecruitment, promotion, and benefits.It should be noted that we attach importance to protection of women's rights. Wefollow the principle of equal pay for equal work and set and adjust salaries anddetermine benefits in accordance with the Collective Contract on Protection of theRights and Interests of Female Employees to motivate female employees in the courseof business.

(1) Compensation and Benefits (Supplement)

We provide employees with stable and competitive compensation in strict accordancewith the Labor Contract Law of the People’s Republic of China and applicable lawsand regulations. Compensation is combined with post-based salary and performanceassessment to mobilize employees and improve their satisfaction and loyalty.Specifically, the Compensation and Assessment Committee reviews compensationpackages for directors, supervisors and officers and makes suggestions. Thecompensation of directors and supervisors is determined in accordance with ourPerformance Assessment and Management Guide, and is reviewed and approved bythe general meeting. The income of officers links directly to performance. TheCompensation and Assessment Committee assesses the competence, performance ofduties, and achievement of targets of officers, develops compensation packages, andsubmits them to the board of directors for review.

NameTitleGenderTotal compensation before tax received from the groupCompensation from any affiliate
Li JunChairman & general managerMale279,600 yuanNo
Lu ChangjunDeputy general managerMale800,000 yuanNo
Jiang YiDeputy general managerMale794,500 yuanNo
Li NannanNon-independent director, deputy general manager & secretary of the board of directorsFemale660,600 yuanNo
Fu ChanniNon-independent directorFemale417,800 yuanNo
Wang JinyongIndependent directorMale60,000 yuanNo
Ye JinfuIndependent directorMale60,000 yuanNo
Bai JianjunChairman of the Board of Supervisors & non-employee representative supervisorMale314,800 yuanNo
Wang JiazhiNon-employee representative supervisorMale311,900 yuanNo
Pan TongEmployee representative supervisorFemale404,800 yuanNo
Sha LiCFOFemale804,400 yuanNo
Total--4.9084 million yuan

to encourage employee improvement and inspire enthusiasm in them. An incentivesystem and a personnel promotion system are developed to select and cultivateexcellent employees and optimize their career development path.Personnel training: with “talent first” in mind, we attach importance to employeeskill and competency development and strive to improve their core competitiveness.New employees are provided with orientation before entering the workplace. Theywill learn our corporate culture, core values, and philosophy through diversifiedprograms and practical activities and improve their communication, innovation andteamwork through training. Existing employees and middle and senior managers arealso provided with trainings.

(2) Employee Development and Promotion Mechanism

The Institute of Leyard keeps moving forward despite COVID-19. In 2020, ourtraining was based on online learning, supported by offline assessment and practicaloperation. Trainees were assessed for their ability to acquire and apply knowledgefrom multiple perspectives at several levels. The training covers at least 700 traineeswith the total duration exceeding 1,000h. Training programs cover product knowledge,general management, skills improvement, and the original Leyard projectmanagement sand table, which helps train project personnel including operationpersonnel.We make employee’s career development path a key component of our current talentdevelopment strategy. By defining the career path of key positions, we combineappointment, salary determination, and assessment to stabilize the growthexpectations of key employees and coordinate with HR strategy for businessdevelopment.Employee CareTalent is our most precious resource and represents our core competitiveness. Weshare our dividend of development with employees and provide them withcompetitive compensation. We create opportunity of continuous development forevery employee, and encourage them to work and grow together with the group.

Physical and Mental HealthWe take care of our employees’ physical and mental health. While annual physicalexamination is organized, mental health training and lectures are provided to helpemployees build a scientific mental health concept. On the other hand, we helpemployees adapt to occupational stress and environment as soon as possible, and leada happier and healthier family life. As of the end of December 2020, our physicalexamination covered all employees. We provided one session of training on mentalhealth and one-on-one counseling in 2020, and received positive feedback fromemployees.We enrich our in-house health culture and encourage employees to participate inphysical exercise by setting up hobby groups, providing free fitness spaces andfacilities and carrying out health lectures in order to improve their body, enrich theirlife and help them live a healthy life.Partial activities and events:

Friday, Jan 17, 2020 · Leyard Spring Festival Gathering & Annual Summary 2020was held at Palace Garden Hotel & Resorts to give rewards to excellent employeesand celebrate the upcoming holiday together for increasing cohesion.

Aug 21, 2020 · As large-scale gathering was not allowed for COVID-19 containment,an in-house tea party was held at the trade union to celebrate the 25th anniversary ofour establishment. We have walked hand in hand thousands of miles over the 25 years.At the age of 25, we are ready to start a new journey.

Dec. 17 · A music teacher was invited to our headquarters. At the first floor belowgrade, employees tried drum circles and felt the joy of collaboration. The activityboosted their energy and vitality, improved teamwork, and helped release stress andbuild better relationships.

Occupational SafetyEmployees’ occupational safety and health is one of our top priorities. We implementsafety management system and provide regular training in strict accordance withapplicable laws and regulations. We create a safe, healthy and comfortable workingenvironment for employees and encourage them to balance work and life for theirphysical and mental health. Safety management systems including the OccupationalSafety Education and Training System have been created to provide guidance toemployees. Training, fitness facilities, and regular physical examination are madeavailable to employees for protecting their occupational safety.A top-down safety management structure has been created. The Project function isresponsible to supervise project safety and assign responsibility to contractors. Amanagement accountability and reward/punishment mechanism is introduced toprevent incident.Subsidiaries positively answered the call and created management systems includingthe Personal Protective Equipment Management System, the Workers’ Occupational

Health Monitoring and File Management System, the Occupational DiseasePrevention and Control Publicity and Training System, the Occupational DiseasePrevention and Control Accountability, the Occupational Health OperatingInstructions for Positions for Prevention of Occupational Hazards, the OccupationalHazard Detection and Evaluation Management System, and the Occupational HazardWarning and Notification System.We inform employees about hazards involving their positions and sign a Notice ofOccupational Disease with all relevant employees in accordance with theOccupational Hazard Warning and Notification System.For employees who take position involving occupational hazard, we buy anddistribute PPEs including mask, safety shoes, goggles, gas mask, face shield, weldingmask, insulated gloves, and insulated shoes (boots) on a regular basis to protect theirhealth and safety.26 safety hazards were identified and eliminated, and no accident occurred in 2020.We also focus on building a health and safety culture and provide first aid and otheroccupational and workplace safety training. New employees, technologies andprocesses are not allowed to do job or put into use unless relevant personnel receivetraining and meet assessment requirements. Apart from general safety education,employees engaging in special trades are also required to receive safety andtechnology education and take an examination for ensuring their safety and increasingtheir safety awareness and competence. We provided 16 sessions of training onenvironment, health and safety with the total duration of 32h in 2020, and 18 sessionsof induction training on environment, health and safety, with the total duration of 36h.Dividend SharingEmployees are encouraged to grow with the group. We train employees to improvetheir professional skills and share dividends with them.

Name of employee stock ownership planNumber of participantsValue
Employee Stock Ownership Plan 2015 (one-year plan)506180 million
Employee Stock Ownership Plan 2016 (one-year350300 million
plan)
Employee Stock Ownership Plan 2014 (three-year plan)465238 million
Employee Stock Ownership Plan 2017 (one-year plan)427500 million
8:30Punching the clock and reporting health condition
9:30Regular BU meeting via video link
10:10Online collaborative work of working group
11:30Rest + exercise
13:30Creative interaction in the form of online brainstorming
17:00Work review to evaluate work efficiency
17:30Thinking calmly for getting ready for development

of openness, fairness and impartiality in the securities market, protect investors’ rightsand interests, better communicate with inventors, operate in an honest andself-disciplined manner, and improve investor relations management, we havedeveloped policies and systems including the Specific Visitor Reception ManagementSystem of Leyard Optoelectronics Co., Ltd. for attracting capital.Information Disclosure and Communication with InvestorsWe communicate with our investors through various channels. We publish investorresearch record and Q&A under the interactive column at the website of ShenzhenStock Exchange to answer questions of concern for investors. We open an investorrelations column at our official website to provide real-time stock price, regular reportand interim announcement and allow investors to access our business information andfinancial data. We keep our investors updated with progress by WeChat, Sina Weiboand Tik Tok. We also carry out the Investor Reception Day activity to communicatewith investors about our strategy, operating and financial conditions.We develop and implement the Company Information Disclosure Affairs ManagementSystem in strict accordance with applicable laws and regulations and disclose true,accurate and complete information in a timely and fair manner to ensure that allshareholders are entitled to equal access to information.In 2019, we received 213 persons from 24 investors via field research andteleconference, answered more than 800 questions raised by investors throughirm.cninfo.com.cn and email, and handled 10 inquires over the phone. We held tworesults presentations and new product releases each online and on site in the presenceof institutional investors.In spite of the fact that investors’ field research was limited in a way by COVID-19 in2020, they gave more attention to the group than before. 928 investors conducted 52researches on the group with convenient methods including teleconferencing, videoconferencing, offline research or any combination thereof. 646 questions raised byinvestors were answered on irm.cninfo.com.cn. Our IR team attended strategymeetings, analyst meetings, and reverse roadshows organized by institutional

investors, and communicated with investors in one-to-one, one-to-many manner or inthe form of education to describe our operation and strategic plan. Investors had highpraise for the IR team.

Investor ProtectionWe have two independent directors and carry out activities in securities investmentand accounting, capable of protecting the interests of investors in a way. Theindependent directors attended in 5 general meetings and 13 board meetings in 2020.Particularly, they reviewed related party transactions in accordance with the CompanyLaw of the People’s Republic of China, the Rules for Listing on the GEM ofShenzhen Stock Exchange, the Articles of Association, and the Related PartyTransaction Management System in order to protect the interests of the group and allshareholders, especially minority shareholders.We set up an Investor Relation column on our official site to disclose information onour operation and management according to law. The column links directly to “SSEInteraction E” to facilitate communication with investors.

Return on InvestmentWe are pleased to share increased market value and pride of contributing to urbanconstruction with investors.We report to shareholders as required. A stable and reasonable profit distribution

program is provided in our Articles of Association. A profit distribution plan isprepared by the board of directors based on annual operating performance each yearto protect the interests of shareholders, especially minority shareholders.Profit distribution made in recent years is shown as follows:

(1) Profit distribution plan for 2017: to distribute cash dividend of 1.1 yuan (inclusiveof tax) per 10 shares of stock to all shareholders based on 1,695,251,051 shares oftotal capital as of March 26, 2018. Meanwhile, 5 shares of stock are given for every10 shares of stock to all shareholders based on capital reserve.

(2) Profit distribution plan for 2018: to distribute cash dividend of 0.8 yuan (inclusiveof tax) per 10 shares of stock to all shareholders based on total capital registered onthe date when the distribution plan is implemented (excluding shares repurchased).No bonus shares of stock are given, no capital reserve is converted into additionalshares of stock, and the remaining undistributed profits are carried over to the nextyear. (Cash dividend is preliminarily calculated based on 2,523,012,799 shares of totalcapital as of this announcement date minus the number of repurchased shares in therepurchase account (2,542,876,576 shares of total capital minus 19,863,777 sharesrepurchased stock). The total amount is 201,841,023.92 yuan).

(3) Profit distribution plan for 2019: to distribute cash dividend of 0.6 yuan (inclusiveof tax) per 10 shares of stock to all shareholders based on 2,518,411,399 shares oftotal capital. No bonus shares of stock are given; no capital reserve is converted intoadditional shares of stock.

(5) Profit distribution plan for 2020: to distribute cash dividend of 0.2 yuan (inclusiveof tax) per 10 shares of stock to all shareholders based on total capital registered onthe date when the distribution plan is implemented (excluding shares repurchased).No bonus shares of stock are given. No capital reserve is converted into additionalshares of stock.Leyard and PartnersSupply chain managementAs of the end of 2020, we have 2,800+ vendors distributed in countries including

China, U.S., Japan, South Korea and Germany.With “cooperation for win-win results” in mind, we work with our suppliers on anhonest basis, strive to build a mutual supplier relationship with them to exchangeupstream and downstream resources, promote common development, protect vendors’interests and seek to maintain stable strategic partnership with honest suppliers.Our Supply Chain gives priority to suppliers who well perform CSR in preparingprocurement strategy, developing suppliers and carrying out procurement activities.We are interested in suppliers’ CSR reports, and working to increase the weight ofSA8000 and RoHS qualifications of key components, raise suppliers’ environmentalawareness and code of conduct, encourage them to use green and new energies,improve material recycling, take energy conservation and emission reductionmeasures, and contribute to low-carbon economy for building a green supply chaintogether. We also provide guidance on CSR awareness to suppliers. Under the strictsupervision of our supply chain, all materials we currently purchased comply withapplicable environmental requirements.Our supplier training consists of routine training during day-to-day cooperation andspecial training for major projects. We have developed high quality movie screen in2020, which will be rolled out in cinemas around the world after DCI certification isawarded. We organized a series of training on relevant standards and qualifications formajor suppliers involved.We also train suppliers on our supply chain financial solution. We will provide themwith training on the application of supply chain SRM system and further training onthe supply chain financial solution in 2021.We will start application for green supply chain qualification in 2021. We areconfident that we will receive the qualification with suppliers’ cooperation and giveinput to the creation of an evaluation index system for green chain managemententerprises in the electronic and electrical industry.It is particularly worth mentioning that many of our suppliers contributed to the fightagainst COVID-19 in 2020. For example, DSBJ, an above-scale manufacturer,

scheduled its flexible production capacity to produce KN95 mask and other epidemicprevention supplies. Leading technology enterprises including Digibird, Chipone andTricolor supported some of public welfare and well-being projects initiated by thegroup by giving priority to such projects in resource scheduling, regardless of the cost.The above-mentioned companies participated in public welfare projects initiated bythe group and Siyuan Stars Education Fund by donating materials or suppling goodsat the lowest price or for free of charge. Our voluntary contributions incorporatesuppliers’ energy and love.Conflict MineralsWe purchase responsibly. Minerals involved in our raw materials include solder pasteand main material tin (Sn) from Yunnan Tin Group. It is a state-owned company withrelevant qualification and free from human rights violation.We undertake that we will not purchase any minerals or raw materials from areas ofconflict minerals. We refuse to partner with companies relating to conflict minerals,and respect human rights and the environment in areas of conflict minerals.Special Channel ManagementAfter channel product and partner development, our channel sales model rolls outthroughout China along with the unified sales strategy planning of channel partners.We have advanced the Thousand Store Plan for audiovisual technology experiencesince April 2018. The plan sets out our medium and long-term development goals,and aims to create channel-based display, cooperation, resource, information andvalue platforms for comprehensive display and business and regulations customers,and finally cover all industries and regions with our products. In order to betterconnect products and customers, we have been improving channel strategy for allregions across China. Our purpose is to share all our products, information anddevelopment goals with distributors and partners all over China through the ThousandStore Plan.Leyard and CustomersExcellent service

As a global audio-visual technology and innovation leader, we have been committedto making scientific and technological innovation happen, leading industrydevelopment with forward-looking technology, breaking through barriers oftechnology, and setting new records for the industry. With innovation-drivendevelopment in mind, we strive to create new legends and bring “display made inChina” to the world.We have delivered thousands of projects and installed nearly 100,000 display productsall over China since 1995. We have built good brand reputation in the industry byhigh-quality products, leading technologies and top services. Leyard products are seennot only at large-scale cultural and sports events, such as the Spring Festival Gala andthe Military World Games, but also on political activities, command and dispatch,night tour, and film and television shooting.In order to provide fast and convenient services, we provide 7/24 online customerservices and offline exclusive services, gradually expanding our service to all cities.We are also increasing online after-sales service channels and we now make availablephone, e-mail and remote service over internet to meet customers’ after-sales needs.Moreover, we communicate more frequently with customers, and listen to ourcustomers through various channels for better interaction with them. Customers maynegotiate by telephone, remotely or over internet on their own accord.In order to always provide customers with high-quality services, we improve ourservices, develop a “customer-centric” service system covering all stages of thesupply chain, and deliver clearer, faster, and more personalized comprehensive visualeffect service by improving our service philosophy, organizational system, businessprocess, communication channels and service standards.We have established a robust after-sales service system. In particular: we have (1)earned the five-star certification under the Evaluation System for After-sales Serviceof Commodity (GB/T27922-2011); obtained (2) ISO/IEC20000-1:2018 InformationTechnology – Service Management Certification; and passed (3) InformationTechnology Service Standards (ITSS) conformity assessment (Maturity Level 3 for

Operation and Maintenance). Moreover, the After-sales Procedure ImplementationDocument was issued in 2019 to establish a strict after-sales management frameworkand provide strict provisions concerning repair service, complaint handling, andinformation disclosure and recall of defective products.The After-Sales continued to adjust staffing and offices in 2020. Consequently, 6employees were added at the headquarters. Now there are 42 employees engaging inmaintenance in Beijing and 66 outside Beijing. There are 36 offices all over China,covering all areas we operate.Customer SatisfactionWe achieved 96.75% customer satisfaction in 2020, exceeding the 96% target. Whilemost projects ran properly in 2020, a few of projects were not maintained adequately.

List of Customer Satisfaction Score 2011-2020
YearTargetActualVery satisfiedSatisfiedBasically satisfiedDissatisfiedVery Dissatisfied
202096%96.75%77.40%21.2%14%00
201996%96.47%77.90%20.50%1.55%0.05%0
201896%96.76%80.00%13.00%7.00%00
201796%96.68%82.50%8.50%9.00%00
201696%96.75%80.00%16.00%4.00%00
201596%96.81%87.00%11.00%3.00%00
201495%96.11%84.30%11.40%4.30%00
201394%95.21%76.80%17.40%5.80%00
201292%92.60%69.20%23.10%7.70%00
201190%91.27%75.50%14.30%10.20%00

with glue cannot be operated on site, and the part must be sent back and forth,prolonging the repair time. Besides, the number of spare parts decreased for cuttinginventory.For the above problems, we summarized our experience and worked out the followingsolutions:

1. Common spare parts warehouses are set up in Jiangsu and Zhejiang. Relevantoffices are staffed with dedicated personnel. Inventory is jointly controlled by storekeeper at the headquarters in Beijing and at relevant office. In case of inventorydeficiency, the store keeper at the office shall promptly report to his counterpart at theheadquarters to replenish spare parts from Beijing and keep inventory level asrequired by maintenance;

2. Parts to be reworked shall be sent back to the headquarters or factory by storekeeper at relevant office on a weekly basis for repair to speed up material flow andpart maintenance;

3. As for service personnel’s failure to eliminate trouble on site in a timely manner,the customer service center is staffed with an additional 400 operator in additional toexisting 400 seats. The new operator will be exclusively responsible to follow upwork orders and handle those exceeding the time limit. The operator will also makefollow-up call to customers relating to closed work orders to check whether thecustomers are satisfied and collect comments and suggestions.

Public ServiceWe have always been engaged in public service and have been promoting andsupporting public welfare undertakings by concrete action.

(1) Targeted Poverty Alleviation

We help improve the learning environment for children in the mountain areas andlocal quality of life by setting up a nonprofit foundation, carrying out charitableactivities and making donations.We set up Leyard Hope School in Nanmuping Township, Zhijiang County, Hunan, as

well as Leyard Scholarship in early 1995 to reward teachers and students doingexcellent job and help students in need. We have not stopped doing that since then.Since the establishment of Siyuan Stars Education Fund (SSEF) together with theChina Siyuan Foundation for Poverty Alleviation (CSFPA) in 2014, we have beencommitted to contributing to the “poverty alleviation through education” program inpoor areas. Poverty alleviation through education is a key part of China’s povertyalleviation effort and the fundamental solution of targeted poverty alleviation. Basedon its organization structure, the SSEF is managed by the CSFPA, the group and thefund itself in a coordinated manner to ensure the operation of programs under theSSEF. The SSEF strives to ensure that every single donation is open and transparentand used properly in strict accordance with applicable provisions of the CSFPA.

For many years, the group together with the SSEF has donated over 30 million moneyand supplies. In total, we have donated 3,000+ pieces of clothing, 350+ schools, 52smart classrooms, and helped 4,000+ students and 1,000+ teachers. We have providedassistance and supported construction in 20+ regions including Beijing, Guangdong,Guangxi, Hebei, Henan, Shandong, Shanxi, Inner Mongolia, Jiangsu, Hubei, Hunan,Sichuan, Jiangxi, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai, Xinjiang, and Tibet.

(2)One Hour after Class & Smart Classroom

Once the Siyuan Bazaar · One Hour after Class program was launched by theSiyuan · Bazaar Charity Fund in 2020, we donated 2 million yuan immediately.Moreover, the 1 million yuan for poverty alleviation through education was put inplace.

In 2020, we donated 30 standard smart classrooms to the One Hour after Classprogram in Hunan, Hubei, Xinjiang, Yunnan and Henan, of which 23 have beencompleted and 3 are planned to complete in 2021.One classroom is an after-school playground. We hope to transform the physicalclassroom space in rural schools using technology, so that boarding left-behindchildren can have access to the same advanced educational concepts and learningexperiences as urban children by transforming the physical classroom space of ruralschools to be equipped with software education courses.

(3) Contribution to the Fight against COVID-19

In the face of the outbreak of COVID-19 in early 2020, we took positive actions tofight against the virus while providing our help to affected areas to deliver ourcommitment to CSR. The group and the SSEF donated over 5 million supplies toaffected areas at home and abroad. Those supplies included 60,000 pieces of mask,14t of disinfection powder, 3,000 pieces of disposable protective clothing, 5,000 pairsof medical gloves, 30 intelligent public hand sterilizers, as well as 50 sets ofintegrated remote video consultation machine to medical establishments in Hubei andZhongnanshan Medical Foundation.

(Integrated machine we donated at the office of Academician Zhong Nanshan)We donated 1.5 million yuan suppliers to Baoding, Hebei in the first place whenCOVID-19 resurged in early 2021. The group and the SSEF donated supplies toDaxing District Education Commission when thousands of students, parents andteachers were forced to isolate collectively due to resurgence of COVID-19.

(4) Accompanying Extra Nutritional Meals

Tianniang under Leyard and British designer brand MYC cooperated with the SSEFto use partial sale proceeds for the Accompanying Extra Nutritional Meal program. Asof September 2020, we have donated nearly 1 million yuan to the program.

(5) Plan for Charity Programs

Apart from the ongoing SSEF student assistance program and rural classroom, weplan to donate more to the:

Nutritional Meal program: we launched the Nutritional Meal Poverty Alleviationprogram and called on people to donate to the program for providing extra breakfastand dinner that costs 10 yuan per day to needy students and alleviating hunger forchildren in poverty-stricken areas.Fight against COVID-19: the virus resurged during a certain period of time in 2021and it could persist in the long term. The group and the SSEF will continue to donateand contribute to the fight against COVID-19.

Next Step2021 is the first year of China’s 14th Five-Year Plan period and the last year of our“digging deeper into the display field, pursuing steady development” strategy. At thebeginning of the new cycle of LED industry, we will continue to give top priority todisplay, increase R&D investment, accelerate iteration of new products, and seizemarket opportunities to lead the development of global display technology. We willface opportunities and challenges under the new situation, improve ourcomprehensive competitiveness, and consolidate our position as a “globalaudio-visual technology leader” with confidence and strength.In terms of corporate governance, we will continue to incorporate sustainabledevelopment management into our strategic decision-making and business activities,coordinate COVID-19 response with production and operation, and improve businessoperations. While advancing the Micro LED process, we plan annual work byfocusing on optimization of production and marketing structure, development ofsmart display market, expansion of overseas presence, and risk control. Meanwhile, athird-party internal control consulting mechanism is introduced to promote internalcontrol management, improve corporate governance, and reduce operating risks.In terms of environmental responsibility, we will contribute to ecologicalenvironmental protection, develop new smart display technology, launch more green,

energy-saving and environmentally friendly products, and perform socialresponsibility by promoting green travel, green development, and workplace safety.As for environmental protection, we will adopt a problem-oriented practice to enabledigital interconnection of online environmental monitoring data of differententerprises and other information for protecting our green home together.In terms of social responsibility, we will follow our vision, mission, and values,protectthe rights and interests of stakeholders, and work and move forward together withpeople from all walks of life. We will continue to care for employees, participate insocial welfare, and support the development of education, sports, culture and otherundertakings. While exploring overseas markets, we will hold ourselves to thestandard of a global citizen, perform corporate social responsibility, create socialvalue, and expand our global reach.We are committed to raising CSR awareness, improving CSR management system,better performing CSR in more fields, and contributing to the harmoniousdevelopment of community, economy and environment and the prosperity of Chinaand the Chinese nation!


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