COINDU | Sustainability Report 2023

INTRODUCTION and history background, which can be traced back since 1855, with the acquisi- tion of Mair Ashley Leather Group of New Zealand. Richina Group it is currently active in 5 sectors (Financial Services, Real Estate, Automotive, Tourism, ecommerce, retail and Trading) with over 80 operating units in China. The group’s financial, consumer and trade services businesses are based in Auckland, New Zealand and the Leather manufacturing is based at China, with more than 25 years consolidated at Shanghai area and recently at Fuxin area. With the increasing diversity of materials on the seat car covers and the decreasing market share of leather convinced us to not follow on with specializing on this single material and eventually divest the posi- tion in HEWA during 2021, so as to actually become fully independent of any material in particular. At the end of March 2024, the sale process of the Romanian COINDU Plant was concluded. This process resulted from a strategic decision by COINDU Top Management and Shareholders, which aims to con- centrate resources for the next chapters on the further development of COINDU, considering the current global geopolitical reality, busi- ness opportunities in new geographies and the expectations of our customers. Therefore, the Romania plant is not part of the scope of this sustainability report. Visit our Internet site. www.coindu.com 12