Samwha Paints Signs Resource Circulation Agreement for Waste Electronic Products with E-Circular Governance

Establishing a Resource Circulation System to Strengthen ESG Management
Portion of Profits to Be Allocated to Social Contribution Fund

Samwha Paints Industrial announced on October 23 that it had signed a "Resource Circulation Practice Business Agreement" with E-Circular Governance on October 22, aiming to promote the recycling of waste electrical and electronic products.

This agreement was established to strengthen Samwha Paints' ESG (Environmental, Social, and Governance) management by building a resource circulation structure that collects and recycles waste electronic products generated at business sites nationwide in an eco-friendly manner.

Samwha Paints plans to entrust E-Circular Governance with the safe and systematic processing of electronic products that have reached the end of their use or have been designated as obsolete at its major business sites. E-Circular Governance will recycle the collected waste electronic products through environmentally friendly processes and issue greenhouse gas reduction certificates and recycled resource production confirmation documents during the resource circulation process to quantify ESG performance.

Through this initiative, Samwha Paints aims to minimize environmental impact during waste disposal and strengthen its ESG performance management system. A portion of the profits generated during the recycling process will be allocated to a social contribution fund and donated to the local community.

A representative from Samwha Paints stated, "We will further strengthen our sustainable management system that realizes both environmental responsibility and social value."

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