On May 31, 2021, Wingtech Technology released its first Environmental, Social and Corporate Governance Report (ESG Report), which comprehensively announced Wingtech's actions and achievements in comprehensive sustainable development and corporate governance in the fiscal year 2020 from three perspectives including environmental, social and governance performance. This report demonstrates Wingtech's commitment to environmental and social responsibility as always, as well as the company's pursuit of further enhancing the dimension and pattern of governance and operations.

ESG is an important reference standard for global investors to measure corporate sustainability and social responsibility. A number of studies have shown that companies with good ESG ratings are more resilient to risk and tend to have long-term and stable development. According to the latest MSCI ESG social responsibility rating, Wingtech Technology ranks at BB, at the leading level of the industry. Wingtech's research and development centers and intelligent manufacturing factories are all over the world, which involve complex factors in various aspects of environmental protection and labor. Wingtech Technology ranked at BB, which is the affirmation of high efficiency management of Wingtech from all sectors of society. We believe that global investors will further understand the development and value of Wingtech.

In the face of the complex situation and uncertainty of global operation in 2020, the company has always maintained strategic determination and flexible response to maintain a sustainable and steady development. The synergistic effect of semiconductor business and product integration business in such aspects as products, customers and supply chain resources can realize multidimensional assignment, pushing the development in the field of consumer electronics, automotive, industrial comprehensive coordination of supply chain and customer resources, develop a series of superior Wingtech products that our competitors don’t have.

In the field of environment protection, the company actively promote carbon emissions reduction targets in the daily operations and production lines. Actively promote mitigation measures, as well as actively response in wastewater treatment, environmental requirements of the health of raw materials, etc. Ensure that no waste water is effluent, strive for the technology industry to build a high standard of environmental protection standard operating requirements. Wingtech continues to invest in clean technology research and development.Wingtech's semiconductor business released industry leading third generation gallium nitride semiconductor power device (GaN FET), the target market including electric vehicles, data centers, telecommunications equipment, industrial automation and high-end power supply, especially in a plug-in hybrid or pure electric vehicles, gallium nitride technology is the first choice for its use of the traction inverter technology, to vigorously contributes in the development of low-carbon, green electric power traffic. Currently, the company's 650V gallium nitride (GaN) technology has passed the vehicle regulation tests and will begin deliveries to automotive customers in 2021. Silicon Carbide (SiC) products have now delivered their first wafers and samples.

Wingtech Technology has been taking consensus, harmony, creation and sharing as its core values, actively cooperating with upstream and downstream partners to build a healthy, safe, green and sustainable supply chain. Wingtech will continue to work with partners to build the industry's best supply chain and achieve mutual benefit and win-win results.

In the context of the ongoing global epidemic, the company has strengthened its response to the impact of the epidemic and actively fulfilled its social responsibilities. We actively promoted the recruitment of fresh graduates and the general public, and recruited a large number of skilled workers on production lines, making positive contributions to alleviating employment demand during the epidemic. During the epidemic period in China, the company donated more than 11 million RMB to key epidemic prevention and treatment hospitals in Wuhan, Kunming, Huangshi, Jingzhou, Xiaogan and other places in Hubei and related cities in other provinces to actively assist in epidemic prevention and treatment by coordinating the detection equipment, detection reagents, gloves and masks and other protective materials of COVID-19. Wingtech's series of epidemic prevention and donations have been highly recognized by all sectors of society.

As Zhang Xuezheng, Chairman and CEO of Wingtech Technology, said, "Wingtech is committed to being a globally responsible company. We are loyal to technology and in awe of human development, and we focus on innovation to achieve sustainable growth. Wingtech adheres to customer demand, stand on technology and research and use development innovation as the support, to ensure product quality, and constantly promote the development of global semiconductor and communications, to contribute to the smart world. Leaping boundary to a new world, and grow into a great product company. This is Wingtech's corporate vision, but also the international responsibility of Wingtech Technology."

For press information, please contact:

Kris Xu

Email: PR@Wingtech.com