Regina Miracle Chairman and CEO named among
“2023 Greater Bay Area Best 30 ESG Entrepreneurs”
by Forbes China

Continues to Advance a Sustainable Future with Corporate Leadership,
Industry Foresight, Innovation and Personal Influence

(Hong Kong, 17 April 2023) —Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, collectively the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an innovative design manufacturer (“IDM”) business model, is pleased to announce that Mr. Y.Y. Hung, its Chairman, Chief Executive Officer and Executive Director, has been selected as one of the “2023 Greater Bay Area Best 30 ESG Entrepreneurs” by Forbes China, in recognition of the Group and Mr. Hung’s contributions across the evaluation indicators of “Corporate Leadership, “Industry Foresight”, “Innovation” and “Personal Influence” in the industry.

As the world’s leading intimate wear manufacturer and a global citizen, Regina Miracle appreciates the significance of environmental, social and governance (“ESG”) and sustainability. The Group set its “2030 Sustainable Development Agenda” in 2021, with clear targets in four areas: carbon reduction, waste management, sustainable innovation, and people and communities. The progress of the implementation is well underway, and among the initiatives, the environmental management system, water use, air emissions and waste management have exceeded the stringent requirements of local regulations and standards, while an array of emission reduction projects such as “maintaining zero landfill” and “removing plastic bags” have also been successfully implemented with remarkable results. The Group provides professional on-the-job training and organises various recreational activities for its employees through different channels, and has built a volunteer platform apart from participating in charitable activities to promote positive values and give back to the community.

In addition to implementing sustainability at the corporate governance level, the Group also endeavours to maintain a balance between sustainability and personal comfort at the product level. To this end, the Group works closely with its supply chain partners to develop environmentally friendly raw materials and ensure highly efficient, energy saving, healthy and safe production through the employment of cutting-edge technologies and highly automated equipment, while revolutionising product craftsmanship to ensure product uniqueness and the capability of meeting stringent consumers’ demand for environmentally friendly, comfortable and aesthetically pleasing products. Its new products launched in 2022 applied more than 290 sustainable materials and patented technologies, contributing to the sustainable development of the industry.

Mr. Chen Zhiping, Executive Director, Chief Operating Officer and Chairman of the ESG Committee of Regina Miracle, said, “We are honored to see our Chairman, Mr. Y.Y. Hung, being awarded the ‘2023 Greater Bay Area Best 30 ESG Entrepreneurs’ by Forbes China. As an advocate for industry benchmarks, Regina Miracle is actively exploring the new opportunities presented by ESG and sustainability. Starting from FY2022, we have adopted a three-tier governance structure of ‘Leadership – Decision – Execution’ and established an ESG Committee to effectively integrate the fulfilment of environmental and social responsibility into the Group’s management decision-making, daily operations and corporate culture. In addition, in order to promote full implementation of ESG initiatives, the Group’s new production facilities in Zhaoqing will be equipped with a comprehensive energy management system, including solar power stations, air-conditioning mainframe with artificial intelligence energy-saving systems, and energy-saving cooling towers, and the first phase of construction of factory is expected to obtain LEED (Leadership in Energy and Environmental Design) Gold Certification in June 2023, an example of our green and clean environmental initiatives. We hope that the forward-looking ESG layout and our own innovation-driven corporate DNA will serve as a role model for the industry and fulfill our strong commitment to ‘Solidarity in Sustainability’ with our stakeholders, investors, partners and consumers.”

Forbes China launched the “2023 Greater Bay Area Best 30 ESG Entrepreneurs” this year, aiming to recognise entrepreneurs in the Greater Bay Area who have made innovations in ESG and contributed to sustainable development. It hopes that entrepreneurs based in the Greater Bay Area can share their successful practices and experiences in ESG through this selection, which will in turn guide and inspire more companies and entrepreneurs to focus on ESG, as well as further increase public awareness and help promote sustainable socio-economic development.

Photo caption:

For more information about the results of Forbes China’s “2023 Greater Bay Area Best 30 ESG Entrepreneurs”, please refer to the official website:
https://www.forbeschina.com/business/63687
For the Group’s sustainability commitments and latest performance, please refer to its 2022 Sustainability Report:
http://reginamiracleholdings.com/wp-content/uploads/2023/01/RM-Sustainability-report-2022_EN.pdf