Ms. YUAN Xiaoqin, Director and President of Huabao, was honored with three major awards

Recently, the 2024 CAFFCI Annual Meeting and Expo (hereinafter referred to as “CAME 2024”) was held grandly in Nanjing, Jiangsu. At the 40^th Anniversary Award Ceremony and the 2024 ESG Forum of China’s Fragrance, Flavor and Cosmetic Industries held during this grand event, Huabao Flavours & Fragrances Co., Ltd. (hereinafter referred to as "Huabao" or the "Company") received multiple honors for its outstanding performance in development and operation. Ms. YUAN Xiaoqin, Director and President of Huabao, was awarded the “Outstanding Contribution Figure in the Fragrance, Flavor and Cosmetic Industries” for her excellent leadership, innovative spirit, and persistent sense of responsibility. Meanwhile, the Company was honored with the “Leading Flavor and Fragrance Enterprise in the Fragrance, Flavor and Cosmetic Industries”, highlighting its leading position in the industry. The Company’s Environmental, Social, and Governance (ESG) case was successfully selected and included in the “2024 Sustainable Development (ESG) Practice Cases in China’s Fragrance, Flavor and Cosmetic Industries”, and the Company was awarded a certificate for the inclusion, demonstrating the Company’s practices and achievements in the field of sustainable development.

Excellent leadership and innovation: Ms. YUAN Xiaoqin, Director and President of Huabao

Since joining Huabao, Ms. YUAN has been committed to driving the Company’s innovation and development. With her outstanding business administration skills, exceptional corporate operational abilities, and personal charisma, Ms. YUAN has led Huabao to continuously achieve management digitization and business globalization, guided the teams to develop new products and explore new technologies, and achieved remarkable results. Ms. YUAN harbors the aspiration of professionals in China’s fragrance, flavor and cosmetic industries to earn everyone access to beautiful and pleasant flavors, as well as the determination of the enterprises and brands China’s fragrance, flavor and cosmetic industries to go abroad and go global, so she keeps pursuing and moving forward.

Upon receiving the “Outstanding Contribution Figure” award, Ms. YUAN humbly stated, “This is not only recognition for me personally, but also affirmation of the entire Huabao team’s unremitting efforts. In the future, we will continue to have strong presence in China’s fragrance, flavor and cosmetic industries and bring more high-quality products and services to the market.”

To Flavor Your Life: manifestation of strength of Huabao

As a leading enterprise in China’s fragrance, flavor and cosmetic industries, Huabao has continuously increased investment in technological innovation and product development over the years. The Company fully leverages the advantages and roles of Huabao International Intelligent Scientific and Technological Innovation Platform, and focuses the strategic mission of “Green, Healthy, and Nutritious”, to continuously improve the technological innovation system and incentive policies. Through industry-university-research cooperation, the Company relies on big data, and combines AI technology with intelligent manufacturing to accelerate technological innovation and iterative development of personalized and customized products. At the same time, the Company has vigorously developed global business and steadily promoted the internationalization process in recent years. The Company has set up an Asia-Pacific R&D center in Singapore, and plans to set up a production base in Indonesia.

With advanced R&D capabilities and excellent market strategies, the Company has not only dominated the domestic market, but also won widespread recognition and praise in the international market. The Company adheres to a user-centered approach to continuously improve product quality and technological levels, thus standing out in the fierce market competition and becoming a benchmark enterprise in the industry.

A model of sustainable development: Huabao actively implements ESG development strategy

In recent years, Huabao’s efforts in sustainable development have also been widely recognized, earning it a Rating A in the Wind ESG assessment. Currently, Huabao has been the only enterprise in the domestic flavor and fragrance industry to achieve it. Through the implementation of a series of ESG strategies, including environmental protection, social responsibility, and governance structure optimization, the Company has achieved harmonious coexistence and common development between the enterprise and society, as well as nature. At the 2024 ESG Forum of China Fragrance, Flavor and Cosmetic Industries, DUAN Jingwei, Director of Huabao’s Business Administration and Information Department, was invited to attend the roundtable forum, where he introduced the Company’s specific initiatives in respect of green production, environmental protection technology, social welfare, and corporate governance.

For the successful inclusion of Huabao’s enterprise sustainable development (ESG) practice case in the “2024 Sustainable Development (ESG) Practice Cases in China’s Fragrance, Flavor and Cosmetic Industries”, it is not only high recognition for Huabao’s ESG work, but also appreciation for its contributions to promoting green development and fulfilling social responsibilities.

Huabao is striving for a better future

At the important milestone of the 40^th anniversary of the establishment of the China Association of Fragrance Flavour and Cosmetic Industries (CAFFCI), China’s fragrance, flavor and cosmetic industries collectively showcased their remarkable development achievements and looked forward to a promising development prospect. Huabao was honored with these three major awards this time, which not only affirmed the Company’s past achievements, but also served as encouragement and motivation for its future development path, and injected new impetus into the Company’s future development. Under the leadership of Ms. YUAN Xiaoqin, Huabao will continue to make arduous efforts, breakthroughs and innovations, thus providing more excellent products and solutions for the industry’s development. Simultaneously, the Company will persistently and unswervingly promote green development, and contribute to building a better future. Just as President XI encouraged us during his recent trip to Fujian and Anhui that we should pioneer and try to win. We believe that with the efforts of all parties, Huabao will surely embrace an even brighter future.