Looking back on 2024, the global inflation rate gradually declined while the overall economy remained stable with slow growth. However, the growth rate was lower than the pre-pandemic average, indicating a sluggish economic recovery. Nevertheless, the new development project and construction in the Baishan II factory area, which the Company undertook in the past, will continue to contribute to our revenue growth. Combined with stable raw material costs and the supply chain reorganization, the Company’s operational performance in 2024 showed a steady upward trend.

Looking ahead to 2025, the global economy is becoming increasingly uncertain due to geopolitical conflicts and intensified trade dynamics , presenting major hurdles for the global economy in the year ahead. The Company will continue to explore various markets to boost operational performance. Leveraging export orders, Eurocharm will also implement strategic initiatives in Vietnam and the U.S. with continuous investment in equipment and expansion of production capacity. Additionally, the Company will enhance its management and production technology while diversifying risks for customers. With professional manufacturing capabilities and a high-quality service concept, the Company is working towards securing new orders from domestic and foreign customers, actively drive product innovation for customers, and achieve the following goals:

Following the “Corporate Governance 4.0 – Sustainable Development Road Map” launched by the Financial Supervisory Commission, the Company stands on solid corporate governance, as it actively delivers high-quality and diversified precision machinery to customers by applying advanced manufacturing technology and comprehensive solutions tailored to meet their specific product needs. The Company aims to maximize benefits for shareholders and foster the development of its employees. We aspire to become an esteemed enterprise trusted by society, maintaining strong interactions with stakeholders, and consistently creating corporate value.

Since 1983, the Company has been utilizing welding robots and continuously introducing automatic production. During the Industry 4.0 era, we have continued to undergo transformation.. The Company focuses on building intelligent production systems, equipment, and management processes based on data. By integrating design, production, and services, we have successfully reduced costs, improved manufacturing efficiency, and enhanced product quality and customer experience, contributing to advancements in the industrial landscape. Through smart manufacturing, big data applications, and breakthrough in material technology, we are expanding into the high-end market while improving added values of our products. At the same time, the Company is committed to developing lightweight, energy-saving, environment-friendly, and high-performance precision machinery components to meet customer demands for better quality and efficiency as well as strengthen our global competitiveness and secure our leading position in future industry innovations. Moreover, the Company will further develop automation by implementing TOYOTA lean production principles. This involves optimizing the system structure, personnel organization, operational methods, and market supply and demand. We will also integrate the MES project to ensure our production system can quickly adapt to changing demands, eliminating unnecessary processes and strengthening our production management model.

In response to global supply chain uncertainties and market volatility risks, the Company is actively optimizing supply chain management. By enhancing flexibility in the procurement of raw materials and components while, strengthening strategic partnerships with key suppliers, to ensure supply stability. Additionally, the Company continues to evaluate regional supply chain strategic plans and adjust procurement strategies accordingly to mitigate single-source risks and improve overall supply chain flexibility and stability. At the same time, we focus on improving inventory management and production scheduling capabilities to swiftly adapt to market demand fluctuations, maintain stable delivery performance, and enhance customer satisfaction when market demands fluctuate. Looking ahead, the Company will closely monitor international trade policies and raw material prices, responding flexibly to global market changes to ensure sustained and stable business growth.

COP28, also known as the United Nations Climate Change Conference, kicked off on November 30, 2023, in the United Arab Emirates (UAE), one of the world’s top ten oil-producing countries. This marked the first “Global Stocktake” in eight years since the 2015 Paris Agreement, reviewing the climate actions of 200 countries. The purpose of the Global Stocktake is to ensure that countries not only commit to their NDCs and submit plans but also to verify if they are on track to meet their commitments. As a responsible corporate citizen, Eurocharm initiated a group-wide greenhouse gas inventory in September 2022 and completed the inventory for 2022 in June 2023. The Company will continue managing its carbon footprint and gradually set reduction targets to align with international standards and customer demands. In addition,the Company has actively evaluated the feasibility of adopting solar power and other renewable energy sources and has promoted energy-saving and emission-reduction measures. These include optimizing production process to reduce energy consumption, enhancing equipment utilization efficiency, and adopting low-carbon materials and green manufacturing to reduce emissions. We will also extend carbon reduction initiatives across the supply chain, working with collaborative partners to uphold our sustainability commitments. These efforts aim to maintain long-term competitiveness amid the global trend of low-carbon transition and reach sustainable development goals by achieving both economic growth and environmental protection.

Committed to corporate social responsibility, the Company actively implements environmental protection, occupational safety, and employee health measures to ensure a safe working environment and enhance employee well-being. At the same time, we continue to optimize production facilities and management systems to achieve our goals for green manufacturing and sustainable development. Environmental improvement and equipment replacement projects are underway for noise, dust, air quality, sewage treatment systems, lighting, and electric furnaces, supporting our goals to maintain our factories as green facilities, conserve energy, and advancing toward carbon reduction objectives. In parallel, we are implementing substantial improvements in employee engagement, workplace safety, environmental conditions, product quality, delivery lead times, reduction of non-productive hours, and employee compensation and benefits. Our objective is to strengthen the cohesion of the factory, improve internal management, and continually enhance our work environment and labor conditions to safeguard the legal rights of our employees and create a workplace that brings them happiness.

DEI (Diversity, Equity, and Inclusion) has become a mainstream values among transnational enterprises. This is an inevitable wave to each enterprise of this globalized era. The enterprises must possess a global vision and a diverse talent pool to maintain their competitiveness. By embracing diverse perspectives, we aim to foster proactive problem-solving and global outlooks across all management levels. Collaborating with external experts, the Company develops training programs aligned with individual strengths and job roles to cultivate and retain top management and technical talent, laying a strong foundation for sustainable development. In addition, the Company actively promotes a succession plan by establishing a systematic talent pipeline to ensure continuity of core management and technical expertise, thereby strengthening organizational stability and competitiveness. Looking ahead, we will continue to actively expand into recreational vehicle components and medical instruments and move strategically towards production internationalization to ensure sustainable growth in performance and profits.. Meanwhile, we will adhere to the sustainable strategy blueprint, fulfilling corporate responsibilities to achieve sustainable operations.