Looking back at 2024, Nam Liong Global demonstrated tangible progress in environmental management. Carbon emissions were reduced by 517.821 metric tons, representing a 6.8% reduction compared to the baseline year of 2022. We also completed internal carbon footprint assessment for four products, effectively reinforcing our low-carbon foundation. Continuous improvements were made in water resource and waste management. Water use intensity decreased by 8.9% compared to the baseline year of 2022, 100% of wastewater discharges complied with applicable regulations, and 61.87% of total waste generated was reused, reflecting our concrete commitment to resource sustainability. To further enhance the environmental value of our products, we have continued to expand our Eco-Family product series by introducing water-based and solvent-free processing technologies. These efforts have effectively reduced volatile organic compounds (VOCs) emissions and resource consumption, thereby enhancing product differentiation and strengthening our sustainability-driven market competitiveness.

In terms of social responsibility, Nam Liong Global was once again recognized as one of the 1111 Job Bank Happy Enterprise, underscoring our longstanding commitment to employee well-being and workplace safety. In 2024, 100% of new recruits completed human rights education training, and we delivered 108 internal training sessions, providing training for 956 individuals, demonstrating our ongoing dedication to talent development. We also supported over 15 local organizations across areas including education development, public welfare, and promotion of religious and cultural activities, fulfilling our commitment to corporate social responsibility. In terms of corporate governance, we remained committed to upholding integrity management and risk control, with no incidents of corruption or major violations recorded throughout the year. In terms of supply chain management, we remained focused on enhancing operational resilience and transparency, achieving a local sourcing ratio of 81.45%, with 86% of Tier-1 suppliers meeting the required standards specified in our Sustainability Self-Assessment Questionnaire for Supplier.

Moving forward, Nam Liong Global will continue to drive value innovation and sustainable growth, building upon the sustainability foundation established in 2024. We will further strengthen carbon inventory and energy conservation management mechanisms, while enhancing overall operational efficiency through advanced smart manufacturing and anomaly management capabilities. In response to shifting global market dynamics and the ongoing green transition, we will maintain a steady and pragmatic approach to optimize our presence on global market, expand the advantages of our differentiated products, and reinforce green supply chain collaboration with our brand partners, collectively advancing toward a more resilient, value-driven, and responsible sustainable future.

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