Sustainable Visions and Strategies

Sustainable Visions

"Striving for excellence with innovation and dedication to become an RF component supplier offering market differentiation and outstanding performance" is RichWave's corporate vision. Since the company was founded, we have always upheld the corporate philosophy of "persistence," focusing on sustainable corporate development and our six major core values of "innovation, products, problem solution, teamwork, customers, and talents" to promote sustainable development and ethical management, green manufacturing and environmental protection, innovation and quality, talent development and friendly workplace, hoping to shape a brighter future with every team member.

Development Strategy

Short-term development plan:

1. Developvariouswirelessproductsbasedonthemarketdevelopmenttrendsoftheinformation,communication,andconsumer electronics products to accommodate our customers' needs, thereby expanding the market share of our products.
2. Utilize the company's accumulated technological know-how to create technical differentiation. Besides enhancing existing products, we also research cost reduction approaches and develop other products to be sold on the market to improve our product quality and strengthen product competitiveness.
3. Capitalize on Taiwan's vertical specialization in semiconductors and excellent manufacturing capability to offer the versatility of customization, as well as maintain close collaboration with domestic foundries and packaging and testing plants to uphold production capacity and accurate product delivery dates for the sake of catering to the needs of our clients and the market.
4. Reinforce partnership with our clients and trust to provide quick, excellent technical service, as well as use channel agents to reach every corner to increase profitability and product market share.
5. As part of implementing the Task Force on Climate-related Financial Disclosures (TCFD) initiative, climate change-related risks and opportunities will be qualitatively assessed and integrated into financial impact evaluations.
6. Value our employee welfare policy, implement a bonus and performance reward system to boost employee morale and increase workplace cohesion.

Long-term development plan:

1. Take into consideration the market's application needs, provide a comprehensive production collection, develop the breadth and depth of our product lines, and apply more advanced technologies to develop high-end products, to satisfy the needs of our clients and the market through a diverse product lineup.
2. Seek technical exchanges with domestic and overseas academic institutions and research organizations, as well as forge a long-term strategic partnership with systems companies to establish our exclusive technology brand.
3. Forge a long-term partnership with SoC manufacturers, and develop and deploy reference designs for the platform in advance to expand RichWave's market share.
4. Continue to maintain a long-term partnership with our upstream foundries, packaging, and testing plants, turning them into strategic partners to jointly develop processes with unique niches, lower production costs, and develop high-quality, competitive products.
5. By mastering key technologies and optimizing product utilization, the company strives to develop more advanced and precise product integrations in line with global energy-saving and carbon reduction goals, thereby becoming a world-class leader in the industry.
6. Promote the concept of internationalization and harness the management capabilities of international enterprises, vigorously cultivate international talents, and aim to become an international enterprise.
7. Insupportingthegrowthofthecompany'slong-termoperationalscale,wehaveappliedtodiversefinancialmanagementtools in the capital market to strengthen RichWave's financial structure. Meanwhile, we have also utilized sound, diverse funding channels to assemble the most suitable capital combinations that can support the company's operational development.

Corporate Sustainability Organization

The company established the Business Continuity Planning (BCP) Management Office in June 2020 to align with the Sustainable Development Goals of the United Nations and promote ESG policies. In addition, the Sustainable Project Management Office was established in early April 2021, with the President serving as project coordinator and the Global Affairs Office concurrently operating. The Sustainable Project Management Office is responsible for ESG and risk assessment matters. It consists of 7 groups: Corporate Governance, Customer Care, Supplier Collaboration, Environmental Sustainability, Employee Well-being, Social Responsibility, and Product Development. These groups consist of representatives from various departments, each with a distinct set of abilities, experiences, and origins. The office provides periodic updates to the Board of Directors on the status of sustainability initiatives. The report on the company's sustainability initiatives was presented to and approved by the Board of Directors on December 21, 2023.

Sustainability Performanc

The year 2021 was RichWave's first year in implementing sustainable management, where the Sustainable Project Management Office Organization was officially launched under the leadership of the President. Consisting of department heads, the task force conducted an inventory of the company's ESG status based on 7 major dimensions, implementing important corporate governance systems such as the risk management policy and information security management policy approved by the Board of Directors. Project refinements are carried out focusing on key ESG issues recommended by the Corporate Governance Evaluation, while the inaugural issue of the company's e-newsletter was published, serving as a crucial platform for internal communication and establishing sustainable corporate values. In 2022, a Product R&D Team was included in the Sustainability Project Management Office to link the company's core products with sustainability performance from the development stage for management purposes. The integration of technical expertise promotes corporate sustainability and fosters a sustainability culture within the company, which continuously optimizes corporate governance and enhances sustainability performance. According to the 10th (2023) Corporate Governance Evaluation results, RichWave improved by one tier compared to the previous year (2022) in the electronic industry with a market value of over NTD10 billion, reaching the 41-60% bracket. The progress demonstrates that our efforts are yielding results. Under the name RichWave, the company has established profiles on LinkedIn, YouTube, and Youku, and participates actively in the ESG community. Specialized personnel have been assigned to manage social media operations, and a new sustainable news page has been added to the sustainability section of the company's website in order to provide stakeholders with real-time updates. Furthermore, participating for the first time, RichWave received the 2023 Taiwan Corporate Sustainability Awards (TCSA) for the Electronic Information Manufacturing Industry "Best Sustainability Report" Gold Award in the second category.