The report covers the period from January 1, 2022 to December 31, 2022, and provides acomprehensive overview of JL MAG's ESG concepts, practices and effectiveness in the process of corporate development and operation. The report highlights the company's commitment to sustainable development and its efforts in areas such as carbon neutrality, green development, product quality, responsible supply chain, employee development and community investment. Some of the specific highlights include the company's first PAS 2060 carbon neutral certification in the global NdFeB industry, the increase in the company's R&D investment to RMB 337.5 million, the development of a new project for comprehensive utilization of waste NdFeB magnet in Mexico, and the company's commitment to achieve product full lifecycle carbon neutrality by 2030.
