To effectively manage the quality, delivery schedules, and cooperation of our subcontracted suppliers—and to ensure compliance with various laws and regulations, enhance operational performance, and strengthen competitiveness—we aim to create win-win opportunities for both our suppliers and Fengxiang. The Company conducts new supplier development and existing supplier evaluations every year to provide customers with safe products. On November 19, 2021, the Company completed the revision of its supplier evaluation and audit procedures, adding audit items such as waste disposal and hazardous waste handling processes, human rights protection, child labor, forced labor, and employee compensation and benefits
