Fujian Huaxing Glass Company Limited 2021 Annual Social Responsibility Report

Fujian Huaxing Glass Co.

2021 Annual Social Responsibility Report

1、Company Profile

   Fujian Huaxing Glass Co., Ltd. was established in October 2006 and officially put into trial production in March 2009, with a total investment of RMB 190 million, covering an area of 122,000 square metres. The enterprise is located at No.233 Xinye West Road, Futshi Town, Xiuyu District, Putian City, Fujian Province (in Futshi Industrial Park), and is a large-scale private glass container manufacturing high-tech enterprise specialising in the research and development, production and sales of daily-use glass products.

   The company currently has 2 kilns, 10 automated production lines, 10 annealing furnaces, 10 acceptance lines and other major production equipment, supporting equipment such as automatic dosing system, broken glass cleaning line, sewage treatment station, etc. In 2019, the new expansion of glass bottles and jars printing workshop, 5 ex-automatic imported printing machines.

   In order to improve the competitiveness of the enterprise, the company has introduced domestic and foreign advanced computer-controlled bottle and jar three-drop material production line, adopting advanced kiln computer auto-control system and automatic product inspection system, gas heating auto-control technology of the material channel and hot and cold end spraying technology. It can produce all kinds of glass products from 25 to 1,000g in weight without any limitation of shape and quantity. The products have also developed from a single variety to a multi-species series, and now the production varieties include food, beverage, flavouring, health care, liquor, medicine, cosmetic packaging bottles and so on. The products are exported to Vietnam, Thailand, Malaysia, the United States, Mexico, Canada and other countries and regions.

   The company's production scale ranks first in the country, the domestic market share ranked first in the past three years, the global market share ranked top three, in 2021 to achieve export sales of 86.389 million yuan, 2022-2035 the company will continue to improve product quality, enhance brand competitiveness, create a corporate brand image, to open up more overseas markets, and strive to increase sales by 10% per annum, and strive to reach 90 million yuan in sales in 2022! In 2022, the company will strive to increase its sales by 10% per year and reach a new level of 90 million RMB.

2、Protection of shareholders' rights and interests

(1) Shareholders' rights and interests protection mechanism

   The company is committed to achieving and maintaining a high standard of corporate governance, in accordance with laws and regulations, and constantly improve corporate governance to establish a decision-making and operational system based on the Articles of Association, with the General Meeting of Shareholders, the Board of Directors, the Supervisory Committee and the management as the main body of the structure, and to establish and improve the internal management system, and is constantly improving. It has built an internal control and prevention system starting with risk management, with clear responsibilities as the core, with perfect implementation of system construction as the guarantee, and with process sorting and standardisation as the basis. Through the regulation and implementation of the internal control system of the enterprise, it reasonably ensures that the enterprise's business operation and management are in compliance with the laws and regulations, that the safety of the assets, the truth and integrity of the financial reports and related information are guaranteed, and that it improves the enterprise's operational efficiency and effectiveness, and facilitates the enterprise to realise its development strategy. The legitimate rights and interests of all shareholders are guaranteed from the mechanism.

(2) Serious fulfilment of information disclosure obligations

   The Company strictly follows the requirements of the regulatory bodies and the Stock Exchange to do a good job in information disclosure, and achieves the truthfulness, accuracy, timeliness and completeness of the information disclosure to ensure that the investors accurately and timely access to the relevant information of the Company and make rational investment.

3、Corporate Governance

   The company carries out flat management, with the general manager managing the heads of each department, and the heads of each department then implementing vertical management for the employees.

   The company's functional departments are set up as follows: Personnel and Administration Department, Enterprise Management Office, Finance Department, Quality Control Department and Production Department.

4、Credit construction

   In financial interactions and project cooperation, adhere to the principle of integrity-based, the company for many years by the tax department as a tax A-class enterprises.

5、Eliminate commercial corruption

   Continuously strengthen supervision and inspection, and endeavour to build up a clean and honest punishment and defence system for the enterprise, which effectively promotes the healthy and rapid development of the enterprise. The enterprise has formulated regulations such as Human Resource Management Control Procedures, Marking and Traceability Control Procedures, Procurement Control Procedures, etc., to prevent and control corruption at source, and endeavour to build a corporate integrity culture of Fujian Huaxing Glass Company Limited, in order to enhance the core values and competitiveness of the enterprise.

6、Corporate core values

   Innovation - Only with innovation can there be development

   Execution - - Resistance to win lies in fast execution.

   Team - - The glory of the team is our own glory.

   Value - - Existence must create value

   Company Mission: Serve customers, inspire peers, return to society, and reflect value.

   Company Vision: To become a comprehensive world-class enterprise in the business field.

   Management Policy: People-oriented, relying on scientific and technological progress.

   Quality policy: Excellent quality and perfect pursuit

   Food Safety Policy: Combine prevention and treatment to build a happy life.

   Occupational health and safety policy: people-oriented, safety first, prevention first.