2024-04-28-上交所科创板-Motorcomm_Electronic_Technology_Co.,_Ltd.2024_Action_Plan_for_Improving_Quality,_Increasing_Efficien_11页_4mb

2024 Action Plan Summary: Improving Quality, Increasing Efficiency and Enhancing Return

Overview

• This 2024 Action Plan outlines strategies for enhancing the Company's quality, operational efficiency, and shareholder returns, approved by the Board of Directors.

R&D and Core Competencies

• Prioritize technological innovation in high-speed wired communication chips, focusing on principal businesses like data communication and vehicle communication.
• Maintain high R&D investment (at least 50% of operating income), filing patents and diversifying product lines including CNC and vehicle-borne chips.
• Enhance talent development through research departments and collaborations, accelerating global market expansion and M&A activities.

Financial Management Optimization

• Improve profitability by enhancing customer diversification, increasing asset utilization, and optimizing financial processes.
• Prudently manage capital stock, strengthen cash flow through accounts receivable and inventory turnover, and implement industry-finance integration for better efficiency.

Corporate Governance and Shareholder Communication

• Optimize internal governance with ESG focus, reform independent director systems, and increase awareness among key shareholders.
• Enhance transparency through multi-level information disclosure and investor relations activities, including regular reports, roadshows, and ESG reporting.

Benefit Sharing and Stakeholder Alignment

• Establish equity incentives and dividend policies to align management and shareholder interests, prioritizing cash dividends while stabilizing stock prices.
• Ensure value conveyance to shareholders through transparent communication and sustainable business practices.

Overall Commitment

• The Company will focus on principal business development, uphold listed company obligations, and promote long-term sustainable growth through quality improvement and efficient operations.