Reviewing 2023, as the COVID-19 pandemic came to an end but followed with the prolonged standoff of Russia-Ukraine war and the quiet breaking out of Israel-Palestine conflict, these events not only heightened international tensions but also impacted industrial policies and supply chain arrangements. Meanwhile brand companies continued to adjust their inventories, and rising overseas labor costs have resulted consumer electronic component orders lowered than expected. TaiHan Precision Technology Inc., hereinafter referred to as TaiHan, steadfastly adheres to its core business, responds to customer needs, and continually generates values for all stakeholders via stepping up the planning and construction of its new Vietnam plant, strictly controlling various costs and expenses, as well as the scope expanding of business orders.

Furthermore, in response to a rapidly changing epoch, TaiHan continuously reviews issues of concern to various stakeholders through perspectives of environment, society (human rights), and corporate governance. While pursuing profits and growth, TaiHan focuses on integrating sustainability goals with its operational strategies, continues to strengthen its own resilience, and becomes a responsible enterprise that thrives with its employees and the society.

Response to climate change:

As the increasingly severe global warming, COP28 has reaffirmed efforts to keep the global average temperature rise within 1.5 degrees Celsius above pre-industrial levels, and countries are intensifying their legislative efforts to impose carbon fees and carbon tariffs. In response to national net-zero policies, TaiHan proposes in accordance with the TCFD (Task Force on Climate-related Financial Disclosures) requirements, fulfills the disclosure of its climate-related risks, and completes annual carbon inventories for all its plants in accordance with ISO 14064. Moving forward, the Company will continue to promote relevant carbon reduction plans, replace outdated machinery, improve energy-use efficiency, and make steady progress towards its carbon reduction goals proposed.

Social care:

Employees are the foundation for an enterprise to preserve its technology and knowledge. Through data analysis, TaiHan actively arranges training and education in areas covering onboarding, information security, environmental safety, and general courses, and continually enhances the depth and breadth of its training programs. While improving employee competencies, TaiHan also promotes a safe and clean production environment through its Occupational Safety Committee, striving for zero accidents and zero injuries.

In 2023, TaiHan has organized a total of 7 public welfare activities which includes donations, blood donations as well as volunteer activities. These efforts included mooncake distributing during the lunar Moon Festival with the Huashan Social Welfare Foundation, educational fund donation for early intervention children through the Syin-Lu Social Welfare Foundation, and the public welfare activities at overseas plants, and a total of 158 people participated in these initiatives co-aiming to society contribution in meaningful ways.。

Sustainable governance: 

TaiHan has established the Sustainable Development Committee in 2023 to assist the Board of Directors in supervising and implementing various sustainability issues across the Group. The Company has ranked in the top 6-20% of the corporate governance evaluation for listed companies for two consecutive years. In addition, TaiHan strengthens its capabilities of legal compliance and integrity management through independent regulatory identification and the mandatory courses of integrity management for all indirect personnel, aiming to achieve the goal of sustainable business operations.