Luxshare Precision Awarded with IPC ESG Benchmark Enterprise Award

HONG KONG SAR – Media OutReach Newswire – 8 January 2025 – On October 24th, the IPC CEMAC (China Electronics Manufacturing Annual Conference) commenced grandly in Shanghai, which was co-hosted by the IPC (the Association Connecting Electronics Industries) and Shanghai Pudong New Area Quality and Technical Association. The conference, “Turning Imagination into Reality,” featured a special forum on ESG sustainable development, focusing on the latest ESG pain points of the industry market, customers, investors, and enterprises. It aimed to drive the electronics industry towards a more green, environmentally friendly, and responsible future. Luxshare Precision was honored with the inaugural IPC China ESG Benchmark Enterprise Award for its outstanding performance in the ESG field.

Established by IPC Asia in 2024, the IPC China ESG Benchmark Enterprise Award aims to recognize companies with outstanding performance, influence, and leadership in ESG over the past three years. The award particularly highlights leaders who set benchmarks in implementing international ESG standards, integrating ESG into internal operations, managing ESG practices across the supply chain, and excelling in ESG rating management.

As a key player in the electronics manufacturing industry, Luxshare Precision rigorously adheres to and effectively implements various ESG international standards, such as the Global Reporting Initiative (GRI) Standards. The company integrates the ESG concept into its development strategy and operational management, focusing on climate change risks and opportunities, employee rights protection, responsible supply chain management, and business ethics. It stands firm against the use of forced labor in all regions. Luxshare Precision is committed to transparency and accountability, maintaining an open dialogue with stakeholders to address any concerns and reaffirm its dedication to ethical business practices in all regions including Xinjiang. It upholds human rights, labor rights, and responsible business conduct, ensuring that all its practices align with international norms and standards and striving towards creating a safe, fair, and respectful working environment for all its employees.

Persisting tirelessly in pursuing sustainable development, Luxshare Precision continually strives to balance social impact, environmental benefits, and corporate financial performance. The receipt of the IPC China ESG Benchmark Enterprise Award is a high recognition of Luxshare Precision’s past efforts and a powerful testament to the company’s leadership in sustainable development. Luxshare Precision will continue to deeply practice the ESG concept, collaborating with upstream and downstream partners to jointly build the sustainable competitiveness of the global value chain and contribute more significantly to the sustainable development of the global electronics industry.

Hashtag: #LuxsharePrecision

The issuer is solely responsible for the content of this announcement.