Recently, the Shanghai Stock Exchange (SSE) announced the information disclosure evaluation results of companies listed on the SSE mainboard for 2023-2024. Proya Cosmetics Co., Ltd. was awarded the highest rating of A (Excellent) for its outstanding performance in information disclosure, corporate governance, investor relations management and other aspects.

The evaluation of information disclosure is a comprehensive assessment on the quality of information disclosure work and the related efforts of these public companies. The results are primarily based on the quality of information disclosure, while factors such as the level of standardized operations, maintenance of investor relations, and fulfilment of social responsibility are also taken into account. Four grades from high to low are adopted: A (Excellent), B (Good), C (Pass), and D (Fail). The grading has become an important indicator to measure the level of corporate governance and the quality of information disclosure of public companies. A total of 2,247 companies listed on the SSE participated in this assessment, of which 425 companies received an A rating, accounting for about 18.91%.

Proya has always placed great importance to its information disclosure work. It has strictly fulfilled its disclosure obligations, refined the voluntary and proactive disclosure of information, and forged a compliant and efficient information disclosure framework to ensure high-quality information disclosure. Besides, Proya has consistently polished the corporate governance structure, improved the internal control systems, and enhanced operational standards. It also emphasizes investor relations management. Communication with investors are reinforced through various channels such as regular earnings presentations, the SSE’s e-interaction platform, and investor hotlines. The Company also focuses on delivering returns to investors. Since its listing, the Company has distributed cash dividends every year, with a cumulative amount (from 2017 to 2023) of RMB1.341 billion (tax inclusive). The annual cash dividends account for more than 30% of the net profit attributable to shareholders of the listed company in the consolidated statements of the year. Furthermore, the Company actively fulfills our social responsibilities, and always upholds sustainable development principles. We have disclosed our Sustainability & Environmental, Social, and Governance (ESG) Report for four consecutive years.

The A rating is an acknowledgment and recognition of our high-quality information disclosure, excellent internal governance and standardized operations, as well as effective investor relations management of the Company. Looking ahead, the Company will continue to fulfil our responsibilities and commitments as a listed company. We are committed to creating long-term value, improving the quality of information disclosure, strengthening the level of corporate governance and standardized operations. With these efforts, we aim to fully protect investors’ legal rights and achieve the Company’s high-quality development.