Annual Report 2023

CHAIRMAN’S STATEMENT 9 The United Laboratories International Holdings Limited Annual Report 2023 Marched ahead for one decade, and peak up again in the future It has been ten years since I took over as the Chairman of the Board in 2013. I have deeply felt a profound responsibility and mission in this decade-long journey full of opportunities and challenges. I have always held fast to the development concept of seeking truth and being pragmatic, open-minded and innovative. Benefiting from the struggle and contribution of all colleagues of the Group as well as the attention and support of all shareholders and partners, The United Laboratories has successively stepped out of the plight and made impressive achievements. Over the past decade, the Group has doubled its revenue by way of taking a series of measures: We optimized the organizational structure, increased the operating efficiency, adjusted the resource allocation, enriched the product portfolio and strengthened external collaboration. At the same time, the Group has built up the scientific research capacity, expanded study fields and international visions, and formed a R&D system with multi-platform and all-round development. In the midst of business expansion, the Group has actively ushered different types of professionals, perfected the incentive mechanism and professional training system and fully inspired the innovative vitality of the team. In October 2023, the Group announced the adoption of the share award scheme for the first time. This has achieved a high level of interest synergy between the core members and the Group and further released the corporate value. As a Chinese pharmaceutical enterprise, we have always kept it in mind to perform the corporate social responsibility. Over the past decade, we have created 5,000 more job positions for the society and continuously earmarked resources for a number of fields like education, epidemic control, disaster relief, poverty alleviation and community care to pay back to the society with real moves. At the same time, the Group has carried forward the green plant project and helped the state achieve the “carbon peak” and “carbon neutral” objectives. Keeping the corporate objective of “Making Life More Valuable” in mind, the Group will create a green, healthy, friendly and efficient social ecosystem hand in hand with all stakeholders. Looking forward, in face of complex and volatile ex t e r na l c l ima t es , t he Gr oup wi l l upho l d t he market-oriented principle, carry forward research, development and innovation as the drive, and seize new development opportunities. Standing at the new start, the Group will lay a solid foundation of the core competitive strengths, accelerate the research, development and commercialisation pace and expand business cooperation. We will refine the diversified business portfolio, continuously enhance comprehensive competitive strengths, realize a high- quality and sustainable development, and create more values for the shareholders and society. On behalf of the Board, I would like to take this opportunity to express my gratitude to our shareholders and our partners for their full trust and support in long time, as well as to our staff for their hard work and contributions. I hope we can join hands and create a better future together. Tsoi Hoi Shan Chairman Hong Kong, 26 March 2024