Sustainable management is the Group’s core mission. We hope to generate long-term and stable value for us and our stakeholders through continued R&D investments, deployment of upstream and downstream resources, and increased profitability. We continue to increase our investments in Mini/Micro-LED displays, smart sensors, and microelectronic components for III-V compound semiconductors as well as other advanced technologies to stabilize our financial structure, build our R&D capabilities, and optimize resource utilization, thereby consolidating our value chain and industrial positioning, strengthening competitive advantages within our supply chain, and establishing a competitive ecosystem.

Our revenues for 2023 declined compared with 2022, mainly due to macroeconomic impacts, but there were no overall risks associated with sales concentration.

Please refer to the Ennostar website (Investors section) to view the Group’s consolidated and individual financial reports for 2023.
 

In response to international trends in tax governance and sustainability taxation, Ennostar implements rigorous management of tax proceedings in accordance with internal tax policies and pays all taxes in accordance with law. We conduct annual reviews of our tax policies to effectively control tax risks and ensure sustainable development. We have established a dedicated tax management unit staffed with professional and experienced tax managers as well as personnel who execute routine administrative and management tasks related to tax affairs and assist the head of the accounting division in planning and fulfilling tax duties. The chief financial officer assumes all ultimate responsibilities for tax management. Additionally, the Group’s main operational sites are located in Taiwan and China, so we are faced with rapid changes in domestic and foreign tax regulations. We are attentive of changes in tax-related policies, adopt appropriate responses and strategic adjustments, and strengthen our knowledge through professional services provided by external tax consulting agencies.
The Group’s tax policies are as follows:
•    All operations are handled in accordance with relevant tax regulations
•    Transactions between affiliated enterprises are handled in accordance with conventional transaction principles
•    Enhance information transparency of financial reports and ensure that tax disclosures adhere to regulations and announced policies
•    Avoid use of tax havens and tax planning measures for tax avoidance purposes
•    Avoid transferring corporate profits to countries with low tax rates
•    Build mutual trust and respect with tax authorities
•    Consider impacts from taxes when making all important corporate decisions
•    Analyze operational environments and use management mechanisms to assess tax risks

 

Faced with pressures from global economic challenges and fluctuations in optoelectronic industry needs, the Ennostar Group established the “Dual Value-Added Strategy Approach” to guide dual-axis investment blueprint developments. Apart from continuing to integrate existing investment businesses, we also actively explore potential targets and focus our resources on the “3+1” application domains which include automotive applications, advanced displays, smart sensing, and optical interconnects. We strive to build a diversified growth engine that can serve as the Group’ s foundation for sustainable development. In the face of increasingly stringent net zero requirements and policies from clients and governments around the world, we fully understand the important role sustainable investment plays in corporate growth and social responsibility. However, lack of green energy resources, lagging progress, and incomplete certifications are putting pressure on industrial sustainability goals. Additionally, power supply challenges highlight the necessity of innovative designs, and we have established dierentiated competitive advantages in the market through energy-saving and carbon-reducing designs in energy vehicles and silicon photonics, using innovative technologies to respond to external environmental challenges. We actively incorporate ESG (environmental, social, corporate governance) issues into our investment decisions and adhere to the United Nations Principles for Responsible Investment (PRI). We also use smart transformation to drive R&D of high-performance manufacturing technologies and components, enhance manufacturing eiciency, and minimize the environmental and social impacts of manufacturing. Digital transformation and smart manufacturing are our current priorities and important pillars for long-term development which will enable us to drive diversified growth. In terms of investment strategies, we continue to keep informed of the latest PRI developments, set ESG issues as core considerations for investment decisions, and regularly disclose the ESG achievements of our current investments. We actively participate in formulation and implementation of industrial sustainable investment standards and have established sustainable investment strategies and standards for the Group which incorporate ESG concepts into our policies and assessment standards as we strive to implement all related principles. The Ennostar Group is committed to creating long-term values for shareholders, clients, society, and other stakeholders, and strives to achieve the vision of “Bright Innovation, Sustainable Future.