Renaissance United

Content

  1. Our business
  2. Board statement
  1. Reporting framework
  2. Reporting scope
  3. Feedback

6 Stakeholder engagement

  1. Policy, practice and performance reporting
  2. Material Sustainability Factors

9 Supporting the UN Sustainable Development Goals

  1. Supporting the TCFD
  2. GRI content index

12

Renaissance United Limited

Sustainability Report FY2023

1. Our business

1.1 Background

We are an investment holding company with a diversified portfolio of strategic investments. Our investment portfolio comprises strategic stakes in various key sectors as follows:

  • Supplying gas to households, commercial and industrial users in the People's Republic of China
    ("China"), herein referred to as the "Gas Distribution Business";
  • Specialising in Burn-in Board design and manufacturing for the semiconductor industry, herein referred to as the "Electronics and Trading Business"; and
  • Real estate residential development in the United States of America ("USA"), herein referred to as the
    "Property Development Business".

Our geographical presence is as follows:

1.2 Value chain

The supply chain for our revenue streams are as follows:

Gas Distribution Business

Supplier

Customer

Sourcing

Installation,

connection and distribution

  • Procures compressed natural gas and liquefied natural gas from major local gas suppliers
  • Procures pipes, valves, gas meters and other materials to develop pipeline network
  1. last-milenatural gas pipeline network is built to connect our residential and industrial customers to the national pipeline network

Page 1

Renaissance United Limited

Sustainability Report FY2023

Electronics and Trading Business

Supplier

Sourcing

  • Procures consumables and other semiconductor components
  • Sources for test and measurement equipment from manufacturers in the USA, United Kingdom, Japan, and Taiwan
  • Sources for sockets from customers (on consignment basis)

Property Development Business

Manufacturing

Customer

Manufacturing

Point of sale

Design and assembly of

▪

Sale of burn-in boards to

burn-in boards based on

semiconductor

customers' specifications

companies

▪

Provision

of consultancy

services

▪ Acts as

agent

and

distributor

for sale

of

semi-conductorback-end

equipment such as vision

inspection

and

test

systems

Service provider

Development

Customer

Sourcing

Development

Point of sale

Sources for professional service providers such as engineers and consultants

Obtain approval for site plan and develops infrastructure for sites

Sale of developed property to home builders who will construct the property units for sale to end customers

1.2 People

As at 30 April 2023, we have a workforce of 310 employees and the breakdown of our workforce by country is as follows:

Singapore

China

Total

Overall

78

232

310

Full-time

78

218

296

Part-time1

-

1

1

Non-guaranteed hours3

-

13

13

1 Part-time employees and non-guaranteed hours employees are excluded in the Group's diversity ratios, turnover rate and new hires rate as they constituted respectively to 0.3% and 4.2% of the Group's headcount, which are deemed immaterial as a proportion of the Group's headcount.

Page 2

Renaissance United Limited

Sustainability Report FY2023

2. Board statement

We reaffirm our commitment to sustainability with the publication of our sustainability report ("Report"). For this Report, we provide insights into the way we do business, while highlighting our environmental, social, governance ("ESG") factors, economic performance and customer experience (collectively as "Sustainability Factors").

Whilst mindful of our profit-oriented objective, we are committed to strike a balance between growth, profit, governance, environment, the development of our people and well-being of our communities to secure the long-term future of Renaissance United Limited (the "Company") and its subsidiaries (the "Group"). The Board having considered sustainability issues as part of its strategic formulation, determined the material Sustainability Factors, monitored them and oversaw their management.

In line with our commitment to sustainability, the Board emphasises on improving our corporate governance practices across the Group.

A sustainability policy ("SR Policy") covering our sustainability strategies, reporting structure, materiality assessment and processes in identifying and monitoring material Sustainability Factors has been put in place. This SR Policy serves as a point of reference in the conduct of our sustainability reporting. Under this SR Policy, we will continue to monitor, review and update our material Sustainability Factors from time to time, taking into account the feedback that we receive from our engagement with our stakeholders, organisational and external developments.

Our sustainability framework communicates our commitment towards supporting the United Nations' Sustainable Development Goals ("SDGs" or "Global Goals") and is primarily driven by the concerns of our key stakeholders. We work closely with key stakeholders in our value chain and their inputs drive our sustainability focus on our material Sustainability Factors and the SDGs as follows:

Page 3

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Renaissance United Limited published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 10:15:23 UTC.