BEIJING, Dec. 28, 2023 /PRNewswire/ -- Hong En, China's leading technology and educational products company, (NYSE***ih) ("Horn"or"company") today released its first Environmental, Social and Governance (ESG) report, which outlines the company's ESG dynamics in 2022. The report provides a comprehensive overview of the company's ESG governance mechanisms and details the company's performance across a range of environmental and social indicators.
Dr. Dai Peng, Director and Chief Executive Officer of Hongen, said:"Hongen's commitment to nurturing the next generation is not limited to providing high-quality educational tools, we also hope to make the planet cleaner and more equitable. This mission permeates every aspect of our operations and is formally embodied in our fully revamped ESG governance structure. The release of the first ESG report is an important milestone in the history of Hongen's development. "
Key highlights of the report include:
Protection of minors:Hongen's app products protect children's health through eye protection mode, and include features such as daily usage time limits, session closure settings, late-night reminders, and parental verification requirements. Product compliance and qualityAll educational content is rigorously vetted to ensure that it is safe, appropriate, healthy, and meets the needs of children's cognitive development. The company focuses on creating highly interactive products that are entertaining and easy to learn, imparting knowledge to children and nurturing their curiosity. Information security and data privacyThe company has established a sound management system and incident response mechanism to maintain network security and protect user data. All employees are required to receive training on the appropriate topic and participate in a security awareness assessment as required. Climate actionHongen has completed an initial inventory of the company's greenhouse gas emissions across its operations, establishing a baseline for future emission reduction efforts. The company uses green materials in the design of its products and encourages children to care for the planet through its product content. Gender equalityMore than 50% of Hongen's employees are women, and three of the company's six board members are women, including the company's chief financial officer. All product content is vetted to avoid any type of discrimination. Reducing Inequality:Hongen strives to provide the most accessible products that are affordable to as many families as possible, ensuring that children have equal access to quality educational tools. In 2022, Hong En donated funds and materials to schools in remote areas such as Yunnan and Guizhou, and partnered with non-profit organizations to carry out local staff teaching projects to help children learn more about the world. The full report is available at Honn Investor Relations**.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made in accordance with the Private Litigation Reform Act of 1995"Safe Harbor"Terms. These forward-looking statements can be identified by terms such as:"will"、"Expected"、"Expected"、"future"、"Intended"、"Plan"、"Believe"、"Estimated"and other similar terms. All statements that are not historical facts, including statements regarding Hongn's beliefs and expectations, are forward-looking statements. In addition, the description of management's statements in this announcement contains forward-looking statements, and Hongn may also make forward-looking statements, whether oral or written, in its periodic reports filed with the U.S. Securities and Exchange Commission, in its annual reports to stockholders, in press releases and in other oral and written statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following: Hongen's growth strategyFuture business development, financial condition and results of operations;Hongn's ability to continue to attract and retain users, convert non-paying users into paying users, and increase paying user spend;Trends and sizes of the markets in which Hongen products operate;Hongen's expectations of market demand and market acceptance of its products and services;Hong's expectations for the relationship with his business partners;General economic and business conditions;Regulatory Environment;and assumptions on or in connection with any of the foregoing. Further information on these and other risks is contained in Hun's filings with the U.S. Securities and Exchange Commission. All information provided in this press release has been obtained from the date of this release. Except as required by applicable law, Hongen undertakes no obligation to update any forward-looking statements.
About Hongen
Hongen is a leading technology and educational product company in China. The company is committed to making parenting easier for parents and happier for children. Benefiting from more than 20 years of parent-child industry experience, excellent original content, advanced scientific and technological innovation and profound accumulation of cutting-edge R&D strength, Hongen provides parents with efficient parent-child companionship resources and stimulates children's natural curiosity and desire to explore through unique and interesting interactive product experiences. Hongen's innovative research and development of high-quality, a variety of products, including independent interactive apps, interactive content and smart devices, covers a variety of theme content, cultivating children's language ability, logical ability, reading ability and creativity, as well as natural interest in traditional Chinese culture. With the unique and advanced technical strength accumulated in 3D engine, AI AR interaction and big data analysis of children's behavior and psychology, Hongen will continue to provide parents in China and around the world with high-quality scientific and technological educational products, and start a beautiful growth journey that is both fruitful and fun.
For more information, please visit:
Horn
Mr. Zhang Zhetao.
Director of Investor Relations.
Email:Wisdom Info.
China.
Ms. Li Yanan.
*: Email: Ms. Linda Bergkamp, USA**: Email: