Luxshare Precision Reaffirms Unwavering Commitment to Ethical Labor Practices and Human Rights Protection

HONG KONG SAR – Media OutReach Newswire – 21 May 2024 – Luxshare Precision, a global technology manufacturer and supplier to tech giant Apple, announced the expansion of its comprehensive human rights protection initiatives, setting a new industry standard for responsible and ethical business practices.

Key highlights of Luxshare Precision’s human rights protection initiatives from the information provided on the company’s newly released 2023 Sustainability Report include:

Forced Labor Elimination: Luxshare Precision maintains a strict zero-tolerance policy towards any form of forced labor, including human trafficking, modern slavery, and coerced employment. The company has implemented rigorous verification processes during the recruitment stage to ensure compliance.

Child Labor Prevention: Luxshare Precision has robust control mechanisms in place to prevent the employment of underage workers. This includes automated systems that flag potential minors, coupled with regular inspections to verify the age and legal status of all employees.

Anti-Discrimination: The company is committed to providing a fair and equitable work environment for all employees, regardless of race, gender, age, or any other personal characteristics, especially for Uyghur workers from Xinjiang. Luxshare Precision has a zero-tolerance policy for any form of discrimination in hiring, promotion, or compensation.

Responsible Restructuring: In the event of organizational changes or workforce reductions, Luxshare Precision pledges to comply with all relevant labor laws and regulations, providing affected employees with proper severance pay and assistance in finding new employment opportunities.

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