Letter from the Chairman
Chang Wah Corporation was founded in 1989. Right now the company is in its thirty years of establishment. Looking back, I comprehend the meaning from the past thirty-year entrepreneurship experience; that is to always “be grateful, be responsible, be cherished, and be thankful”. These four phrases become the best description of the company, and are used as the foundation of the corporate culture in order to implement the sustainable development.
Be Grateful
Along the way, there have been many noble people who have helped us, especially Mr. Furukofu Nobore, the former director of Sumitomo Metal Mines in Singapore. Because of the trust and the help that we received from Mr. Gu Guofu at the beginning of the CWTC founding period, we obtained the agency rights of Sumitomo, which then helped to establish Chang Hua’s leading position in packaging material agency in the future.
Be Responsible
As the old saying goes, "God helps others to help themselves.” Since we received the help from the nobles, we should have the courage to take the responsibility of all kinds so that we are able to continue pursuing the ultimate goal of sustainable development. We continue to improve the company’s physique, create stable profits, and integrate corporate social responsibility thinking into the business process. Recently, we have successively sponsored local community sports activities to make the company become more energetic.
Be Cherished
In order to earn profit for our stakeholders and investors, putting effort in maintaining the relationship between clients, stakeholders and employees is the most fundamental step to create economic value for the company. Besides that, enterprises should fulfill their social responsibilities. In other words, they need to have the concept of cherishing the society to create the social value because caring for the social is as important as agreeing with companies earning money. This is the root of creating sustainable development of enterprise.
Be Thankful
As an old saying goes, “to do a good job, an artisan needs the best tools.” We believe only having advanced production equipment can help to increase the capacity of our production and the quality, to further maximize the efficiency of the production and to reduce the cost. In other words, CWTC continues to invest in equipment and R&D so that we can return the profit back to our clients, meaning to enhance the competitiveness between the clients and CWTC to create a win-win situation.
Forecast
For the forecast of CWTC,we not only now transform to the manufacturing and development industry, but also eagerly are seeking the opportunity to invest by combining upstream industries which can offer both parties the technical support. In the future, I hope that CWTC is not just the supplier in the semiconductor industry,but I hope it can also become the maker of product specifications in the market.
CHANG WAH GROUP President Canon Huang
Conflict Minerals Policy
We established transparent and effective multiple communication channels with our interested parties and hope to understand the issues that they are concerned about. We also use that as an important indicator for the sustainable development of the company to understand the issues as an important reference indicator for the sustainable development of the company, to understand the issues they care about, and to make business decisions for the company. CWTC follows the GRI standards that are issued by the Global Sustainability Standards Council. The relevant steps are described as followed:
Identify the interested parties: The information that the promotion team received is based on experiences that are from different departments and the industry. The interested parties here include the government, the society, investors, employees, customers, and suppliers.
Collect sustainability data: As for the communication issues of the interested parties, CWTC uses the classification of GRI G4 indicators as a reference. In addition, each unit will include the issues into their annual work lists and goals and use the “Operating Measures for the Preparation and Filing of Corporate Social Responsibility Reports by OTC companies” as a guideline to prepare for the report.
Identify major issues: After the promotion team held a meeting with representatives of various departments of the company to score the attention of the interested parties and the degree of impact on sustainable operation, it became the major theme.
Review and discuss：We will continue to strengthen our management and disclose relevant information in the report based on the major themes of the substantive analysis, which are also the priority disclosure topics.