Primax Electronics Ltd.

Message From Chairman

Primax SDG Blueprint

As a top solution provider for information, electronic,and consumer products, integrity and pragmatism are ourcorporate culture and core values. With these values, ourcorporate mission includes excellent quality, innovation and research and development (R&D), smart manufacturing,and steady growth. Therefore, as our name PRIMAX indicates, we aim to maximize our influence in the three aspects of environmental protection, responsibility, and smart application, while stimulating our employees’ pride in Primax through ESG actions on the basis of the core of collaboration with diverse parties.

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In the spirit of P.R.I.MAX, Primax has formulated its sustainability strategy roadmap in 2022 and responded to the 7 United Nations Sustainable Development Goals(SDGs), expecting to launch the corresponding action plans under the roadmap. The sustainability strategy roadmap consists of three major standards, 8 strategic dimensions and 29 detailed goals. Based on the roadmap,we set the performance indicators of each responsible unit and defined the scope of each goal, in order to ensure that the implementation effectiveness can be evaluated more accurately, implement sustainability into corporat eoperations more thoroughly, and achieve the goal of corporate sustainable development. Meanwhile, since 2023 , it has formulated the variable remuneration for senior management teams including the vice president and above by 10 ~ 15 % linked to ESG performance. The performance assessment standards include the Company’s performance indicators, annual strategic priorities and ESG indicators, aiming to stimulate and improve business efficiency and sustainable competitiveness to help achievement of long-term value creation and ESG goals.

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Primax Sustainable Policy

ENVIRONMENT

Responsible mineralsResponsible mineralspolicy

Primax Electronics Ltd. (the "Company") is committed to corporate social responsibility and sustainable development. In order to implement responsible procurement, the Company complies with the Conflict Mineral Law and requires suppliers to use smelters certifiedby the Responsible Minerals Initiative (RMI) and fully disclose the source of minerals, and makes declaration via Primax Green Product Management Platform, GP-Portal® to jointly implement human rights protection. As a leading enterprise, Primax continues to expand the investigation on conflict metals into the scope of due diligence, and formulates and followsup the risk mitigation plans to ensure the Company’s compliance with laws and customers’requirements.

Primax undertakes that:

It will never purchase minerals (such as coltan, tin, wolframite, gold, cobalt and mica, etc.) that are acquired through force or gathered in ways that violate human rights, or any products made from such minerals.
To purchase 3TG materials from Conflict-Free certified smelters (attaining CFSP certification or equivalent), and allowing certified materials that originate from Democratic Republic of the Congo and nearby countries.
Perform due diligence investigation and risk management on suppliers according to OECD DDG
Require suppliers to conduct due diligence and risk management in accordance with the OECD DDG standards, communicate this policy to their upstream suppliers and supply chain, and require their upstream suppliers to comply with it jointly.。

Green product policy

Primax Group strictly complies with the chemical safety regulations applicable in various countries and customers' requirements on prohibited and restricted substances. By controlling the stages including design, procurement,manufacturing and output comprehensively, it expects to move toward the goalof zero health and safety hazards and zero environmental pollution.

Primax develops eco-friendly and safe products with a life cycle mindset, control shazardous substances from the sources, establishes the green design system to practicethe Eco design, and upgrades internal R&D and innovation capabilities. Comply with laws and customer requirements and fulfill the responsibilities as a global citizen.

SOCAIL

Human Right Management Policy

In addition to treating all employees of Primax Group equally, we formulate the human rights policy in reference to the Code of Conduct of the Responsible Business Alliance, the United Nations Universal Declaration of Human Rights, the International Labor Organization Conventions and other international norms,and conduct regular human rights risk assessment on the whole employees(including temporary workers, workers by contract and dispatched workers)and existing suppliers, and follow up and verify the response measures against the risk items. Additionally, for new suppliers and new businesses (including mergers, acquisitions, and joint ventures), we will also include the human rights risks into the assessment criteria. It is our responsibility to create a fair,safe and comfortable workplace and to eliminate any issues violating human rights thoroughly.

Implementing Employment Freedom and Equal Treatment
Prohibiting Forced Labor
Prohibiting Child Labor
Creating a Diverse, Inclusive, Non-Discriminatory, Harassment-Free, and Humanitarian Work Environment
Providing legally compliant compensation and benefits
Ensuring workplace and accommodation safety and hygien
Establishing a human rights system and internal activities to enhance the protection of minority rights
Actively safeguarding employee health
Guaranteeing the freedom of association, employee organization, and participation in various community organizations
Maintaining positive labor-management relations and offering diverse communication platforms to foster an open communication culture

Labor Management Policy

We promise to build an organizational culture of diversity, equality, inclusion,and a sense of belonging through the two main pillars of talent cultivation and healthy and safe workplace. In terms of talent cultivation, we achieve the goalof diversified development and inclusive growth through a talent declaration,leadership training, and a talent development mechanism. As for the health and safety workplace, we continuously optimize employee experience, increase health awareness and hold activities, and provide a family-friendly mechanism to provide an equal workplace where employees feel a sense of belonging.

Supplier Management Policy

All new suppliers are required to sign the 'Supplier Declaration' to adhere to and comply with the latest version of the Responsible Business Alliance (RBA) Code of Conduct (Version 6.0). This ensures a safe working environment, respect for employees, environmental protection, and adherence to ethical standards.

GOVERNANCE

Tax Policy

Primax Group has established its own tax policy to minimize taxation risk,optimize after-tax business performance and protect shareholders’ interest,which in turn ensures the Group’s compliance with tax laws and fulfillment of corporate social responsibilities.

All business activities comply with local tax laws and regulations and theAll business activities comply with local tax laws and regulations and thespirit of legislation.
Never transfer earnings to regions with low tax burdens, or tax havens;plan the tax framework in a manner consistent with economic substance,and never use tax havens to arrange the tax planning for the purpose of taxavoidance.
All business activities comply with internationally accepted transfer pricingprinciples, requirements for disclosure, and arm’s length transactionguidelines published by the Organization for Economic Co-operation and Development ("OECD").
Build relationship with the tax authority on the basis of mutual trust,transparency, and respect.
Tax risks and tax impacts shall be taken into consideration in the Company’sbusiness activities and important decision making.
Analyze the operating environment and adopt management systems for tax risk assessment.
Develop taxation expertise through ongoing talent training.

Intellectual Property policy

To respond to the advancement of technology and maintain the hard-earned advanced technological achievements, Primax, in addition to continuously investing resources in R&D and regularly collecting and analyzing market and technological changes related to the products, has implemented intellectual property strategies in alignment with operational goals and R&D resources, which are detailed as follows and continues to increase intellectual properties to strengthen our competitive advantages.

Improve the Company's existing internal intellectual property management regulations and systems,
Improve the quality of patent management
Strengthening the protection of non patented R&D achievements
Reward R&D and innovation
Strengthen the deployment of intellectual property in the customer market

Verification and Certification

The relevant sustainability certifications or verification for each Primax Group site are listed below. Please click on the dates to download the certification or verification documents.