Message from Top Management

In 2024, the world continued to face drastic changes. The intensifying geopolitical tensions, the restructured supply chain, and the rapid advancement of generative AI and high-performance
computing were rewriting corporate business logic and the rules of sustainable competition and redefining various industrial layouts. The international community′ s expectations for corporate
sustainability (ESG) have evolved beyond visionary statements, it is now a test of actual actions and performance of corporate value chains. At this critical crossroads, as an important supply
chain partner of the global semiconductor industry, PANJIT sees sustainability as the foundation of its competitive advantage. We adhere to the core business principles of “innovation, growth,
responsibility, and sustainability”, comprehensively implementing ESG actions from governance structure, operating strategies to cultural connotation.
In 2024, we remained true to our core values while proactively adapting to change and moved forward amid volatility while working on innovation in the changing situation. We continued to
deepen our presence in global markets, promoted sustainable governance and technological innovation, striving to seize opportunities and create value in uncertain times, create long-term value
and build PANJIT into a trustworthy sustainable corporate brand.

Global Layout and Sustainable Governance

In the face of a new wave of industrial revolution driven by AI, the global semiconductor industry is undergoing a historic and transformative
shift. PANJIT has actively invested in smart manufacturing and digital transformation, optimizing every stage from product R&D to process
management, and has obtained multiple R&D patents and successfully introduced them into mass production to continue the strengthening
of our core competitiveness and provide more stable and forward-looking solutions to our customers.
Amid the rising global political, economic, and geopolitical risks, PANJIT remains committed to deepening our global layout strategy and
comprehensively strengthens our supply chain responsibility governance and strategic partner collaboration. In 2024, we have further
adopted ESG as the main axis of action, expanding overseas operations and promoting localized development while integrating risk control
and value co-creation into our global operation network. We completed RBA audits on 54 suppliers throughout the year, with the pass rate of
100%. Meanwhile, we also continue to push direct material suppliers to complete ISO 14064-1 inventory and ISO 50001 energy management,
improve energy conservation and carbon reduction outcomes, build a green supply chain that takes into account both environmental
protection and efficiency, strengthening the resilience of the overall supply chain for the implementation of common good for our partners.
In the high-risk environment of the digital age, we have systematically introduced a cybersecurity governance framework, established internal and external audit mechanisms, and officially obtained ISO 27001 Information Security Management System certification in 2024.
From system design to risk management, we ensure operational transparency and safeguard stakeholders′ information security, fully
demonstrating our commitment and action to “uphold integrity and work together for shared success”.

Deepen Environmental Commitment, Implement Carbon Neutrality Goal

With the vision of “Strengthening green energy development for the sustainable management of PANJIT Group”, we focus on three major directions of energy conservation, waste reduction and utilization, and green energy and environmental sustainability to firmly promote the carbon neutrality goal, implement PANJIT′s commitment to environmental sustainability and stay dedicated to achieving the goal of carbon neutrality by 2040.
In addition to the ongoing development of our existing environmental system platform, we plan to actively participate in the SBTi initiative in 2024 and plan as well as implement short-, medium-, and long-term climate action plans, and ensure transparent and credible sustainable results through a third-party verification system.
In 2024, we saved 1,664,380 kWh of electricity (reducing carbon emissions by 822.20 metric tons of CO2e), generated 181,876.55 kWh of solar power, and recovered 65,958 metric tons of water (recovery rate of 19.20%). At the same time, we also promoted resource recycling and waste reduction, and recycled 245.94 metric tons of waste rubber for reuse, an annual increase of 92.37%. Through systematic actions and concrete results, PANJIT continues to deepen its climate resilience and built more resilient and responsible process and operating models.
In terms of environmental action, we continue to participate in environmental actions as an enterprise and combine it with environmental education, inviting local schools to continue to participate in Love the Earth- Tree Planting, the wetland tree planting activities. In addition, we also work with local organic smallholder farmers and provide healthy organic vegetables for our employees to purchase and to enjoy in the staff canteen, Moreover, through the power of education and knowledge transfer, we enhance the awareness of environmental protection among employees and stakeholders, be friendly to the environment, integrate it into life, and do our utmost for environmental sustainability.

People-oriented, Creating a Happy Corporate Culture

PANJIT believed that employees are the most solid foundation of an enterprise. Therefore, we are committed to creating a people-oriented organizational culture and a safe, healthy, respectful, and inclusive working environment. With the vision of “Creating a happy corporation that employees are proud of”, we promote human rights protection, a diverse and inclusive talent strategy and a complete welfare system to ensure that every employee can develop with peace of mind in a fair, safe, and non-discriminatory workplace.
In 2024, there were no incidents of discrimination, forced labor, or human rights violations, demonstrating the Company′s strong commitment to corporate social responsibility. We also progressed to the point of achieving the Committed Badge on EcoVadis supply chain sustainability assessment platform.
Meanwhile, we promoted ESG+ value activities internally. Guided by ESG approach that emphasizes
both knowledge and health, four sessions of ESG lectures and four health courses were held to implement the concepts of sustainability and health into every family and daily lives of our employees. The employee trust launched in 2022 has achieved a participation rate of 88.66% as of the end of 2024, which further strengthened the economic security and cohesion of our employees.
Furthermore, we are firmly convinced that the corporate achievements come from social support, and the responsibility of an enterprise should be giving back to society. We continue to promote environmental protection, foundational education, social welfare, and a culture of volunteerism, mobilizing cross-sector resources and uniting collective efforts to drive sustainable and inclusive growth. We are actively engaged in various public welfare and sustainability initiatives, From the perspective of health, we promote healthy eating and environmental consciousness through initiatives such as Vegetarian Day and the incorporation of organic vegetables into meals. These efforts encourage our employees to adopt healthier dietary habits while also supporting environmental protection.
From social perspective, we have made long-term donations for teaching equipment and nutritious lunches to five elementary schools in Gangshan. Corporate volunteers from our Company also go into schools and provide diverse courses to inspire students to pay attention to knowledge and the environment. At the same time, we continue to practice our care and humanitarian commitment to the disadvantaged groups through donating to House of the Little Angels Kaohsiung, regular blood donations by employees and volunteer participation.
Behind these achievements lies the dedication of every employee and the trust of our community
partners. We firmly believe that enterprises are part of the community with a shared future for society. Only by working hand in hand can we create a truly sustainable future.