News

(Hong Kong, 14 December 2022) –  World-leading manufacturer of high-precision, high-complexity and mission-critical casting and machined components, Impro Precision Industries Limited (“Impro” or the “Group”) (Stock Code: 1286), is pleased to announce that the Group has once again been awarded the “Listed Company Awards of Excellence 2022” presented by the professional financial media Hong Kong Economic Journal, reflecting the capital market’s recognition of Impro’s overall business performance in the past year.

Mr Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “It is a great honor to be awarded the ‘Listed Company Awards of Excellence 2022’ by Hong Kong Economic Journal once again. I would like to thank the judging panel for their support and recognition of the Group’s business development and corporate governance. In the past year, the Group has adhered to the strategies of ‘Global Footprint’, ‘Region for Region Manufacturing’ and ‘Dual Source Production’ in its operations, and established comprehensive production facilities in three continents: Asia, Europe and the Americas. The investment casting plant at the Group’s North American production base in Mexico was officially put into operation at the end of last month, which will help strengthen the Group’s global presence. At the same time, Impro has actively accelerated the green transformation of its business operations. We have incorporated ‘corporate social responsibility’ and ‘sustainability’ into the Group’s policies and guidelines and has set long-term achievable targets for the Group’s greenhouse gas emissions and energy consumption intensity.

“Looking ahead, the Group will continue to improve and strengthen its global footprint in Asia, Europe and the Americas, constantly expand its three core business areas of aerospace technology, fluid technology and mechanical technology, and continue to provide quality and diversified products and services to customers. In addition, the Group will continuously improve its environmental management system, seize opportunities to lead the sustainable development of the industry, and strive for longterm and sustainable profit growth for its shareholders.”

The “Listed Company Awards of Excellence”, organized by the Hong Kong Economic Journal, has been held for seven consecutive years. Each year, shortlisted candidates are selected using EJFQ, a stock-tracking system exclusively developed by the Hong Kong Economic Journal. Shortlisted companies are chosen based on four important criteria: the Piotroski F-Score, the number of recommendations made by professional analysts, share price performance and financial performance. A judging panel composed of financial experts is then invited to evaluate the listed companies with outstanding performance in a professional, objective and conscientious manner to acknowledge the efforts of the honored companies during the past year and provide investors with a valuable reference, thereby creating more fruitful investment opportunities. The award also enables people from all walks of life to better understand outstanding listed companies.