Our procurement policy emphasizes integrity, fairness, and social responsibility, ensuring the establishment of strong cooperative relationships with suppliers while promoting sustainable development and green procurement.

Our company's procurement staff should prioritize etiquette when interacting with suppliers, adhering to principles of fairness, justice, and honesty. We expect every procurement officer to approach their responsibilities with a sense of social responsibility and conscience, maintaining friendly relationships with suppliers and avoiding any personal conflicts of interest. At the same time, it is essential to strictly comply with relevant laws and regulations as well as internal company policies, upholding ethical standards in society.

When selecting suppliers, we comprehensively evaluate the following factors: product quality, price, delivery time, supply continuity, environmental protection, financial stability, human rights, and labor safety. The assessment will also take into account the level of IT integration. We will evaluate and choose suppliers fairly and justly based on these reasonable criteria.
Anti-Bribery: Acceptance of money or gifts from suppliers is strictly prohibited, and suppliers should not be engaged to handle personal matters.
Rejection of Improper Hospitality:  Acceptance of hospitality and reception that violates social norms from suppliers is not allowed.
Prohibition of Coercion:  Suppliers must not be pressured into purchasing our products.
Information Management:  Confidential information provided by suppliers must be strictly managed to ensure information security.
Environmental Protection: We will consistently consider environmental protection and promote the concept of "green procurement."
Stock Trading: Holding non-public stock in suppliers is prohibited, and stock trading based on undisclosed information is not allowed.
Crisis Response:  In the event of an incident or complaint, prompt measures must be taken to prevent recurrence.

The NanHua procurement team provides reliable suppliers of products and services for the company. Our team consists of the following three specialized areas:

This team is responsible for ensuring the supply of materials and related services required for production. Our development buyers oversee product development, manage procurement tasks, and follow up on externally sourced products until they are ready for mass production. Series buyers track the preparation of series products, manage their lifecycle, and optimize pricing and scope.

The Supplier Management Department collaborates with supplier quality engineers to ensure optimal conditions in the value chain. This department also supports the optimization of the supplier portfolio and integration of goods receipts to enhance overall management efficiency.

The Investment and Service Procurement Department is responsible for procuring products and services unrelated to production, as well as investments needed for maintaining NanHua’s infrastructure.