MCNEX-Camera module,Automotive camera,ADAS Sensing camera, adas Solution,fingerprint recognition sensing module

GREETINGS

Stakeholders to ensure that MCNEX continues to grow and develop in the future.
We ask for your interest and support.

MCNEX has set Environment, Society, and Governance as its main areas of
focus, and will pursue the establishment of ESG strengthening measures
and strategies throughout its business.

CEO . Min Dong-Uk

“Dear Esteemed Stakeholders”

MCNEX has published a sustainability report that includes activities and achievements in environmental, social, and governance (ESG). This is to share the direction of ESG management with our stakeholders. MCNEX aims to achieve sustainable development together with our stakeholders through the following ESG management activities.

First, we will realize customer satisfaction management through continuous innovation and challenges.: We prioritize customer satisfaction, providing products and services that meet customer needs, and responding proactively to customer demands through continuous communication. To this end, we are continuously strengthening our R&D capabilities, including the development of next-generation autonomous driving solutions. We also enhance customer value through an internationally recognized production quality management system.

Second, we will create an organizational culture where employees can be happy and grow.: MCNEX aims to be an innovative and competent company contributing to the 21st-century multimedia industry by improving organizational culture and HR systems. We foster a horizontal working environment that respects and recognizes each other regardless of race, nationality, gender, age, or disability. We actively support opportunities for all employees to develop their skills and enhance their professionalism, allowing individuals and the organization to grow together.

Third, we will strengthen our ESG management system and practice green management.: MCNEX is practicing green management to achieve 2050 carbon neutrality through eco friendly process operation, such as waste management systems and regenerative management systems. In addition, we are continuously promoting the conversion of corporate vehicles to electric cars. In 2024, we plan to accelerate the transition to renewable energy by installing solar energy panels at our headquarters in Songdo, Incheon. Furthermore, to enhance our level of ESG management, we have established an ESG management team. The ESG Management Team will oversee activities and achievements related to the environment, society, and governance, actively responding to global initiatives and the demands of global customers by disclosing ESG information and internalizing ESG among employees.

Fourth, we will become a trusted company by engaging in ethical and shareholder-friendly management activities.: MCNEX has established Code of Ethics Practice Guide and Supplier Code of Conduct to prevent ethical risks and conducts employee integrity surveys to prevent related issues. We are also continuously strengthening our dividend policy to enhance shareholder value and making every effort to communicate with stakeholders. Through transparent board operations and responsible management, we aim to be a trusted company by our stakeholders.

We ask for your continued interest and support so that MCNEX can continue to grow and develop sustainably in the future.

MCNEX CEOMin Dong-Uk

ESG STRATEGY

Increasing stakeholder value through continuous innovation
and challenges for a sustainable future

Customer
Supplier
Employee
Community
Shareholder

ESG VISION Increasing stakeholder value through continuous innovation and challenges for a sustainable future

ENVIRONMENT Achieving 2050 carbon neutrality
(Scope 1, 2,)

Eco-Friendly Factory Management

Establishing a solar power generation system

Improving energy efficiency at the Vietnam plant

Establishment of Emission Management System

Conducting monitoring and risk analysis through regenerative management system

Establishing a waste management system for resource recycling

Raising Environmental Awareness

Promoting the diversification of climate change and biodiversity conservation activities
SOCIAL Creating social value for stakeholders

Zero industrial accidents

Continuous investment in workplace safety and health

Establishing a healthy workplace

Enhanced Supply Chain ESG Management System

Conduct ESG assessment for new supplier contracts

Scheduled ESG audits for key suppliers

Expanding Social Contribution Initiatives

Strengthening Support for Underprivileged Groups in Local Communities

Planning Employee Volunteer Programs
GOVERNANCE Establishing a transparent and sound corporate governance

Expansion of Stakeholder Disclosure

Establishment of Corporate Governance Report

Expansion of ESG Performance Disclosure

Enhancement of Ethical Management System

Establishment of ESG Grievance Redressal Channel

Revision of Code of Ethics and Human Rights Policy

Enhancing Shareholder Value

Establishment and Implementation of Shareholder Return Policy

Share Buyback and Cancellation Plan

STAKEHOLER COMMUNICATION

To our valued stakeholders,
A heartfelt thank you to all of you for your unwavering interest and encouragement, which continue to power MCNEX's sustainable growth and development. This past year, even in a fluctuating business environment, we have pushed forward with relentless innovation and a challenger's spirit to achieve some truly meaningful milestones. We are proud to announce that for 2024, our consolidated sales grew to KRW 1.057 trillion, a 13% increase from the prior year, while our operating profit soared to KRW 44.3 billion a remarkable 143% jump. Beyond these financial achievements, we have been passionately working to bring our ESG vision to life with concrete results. In this, our second annual Sustainability Report published in 2025, we are excited to include, for the first time, the ESG activities and performance of our major overseas subsidiary, MCNEX VINA. We promise to continue advancing our ESG management and building a future where we grow together with all our stakeholders.

First, we will deliver value that goes beyond satisfaction through customer-centric innovation. Our top priority is listening closely to our customers, anticipating their needs in a rapidly changing market, and responding with the right products and services. We are committed to continuous technological development and quality innovation, all aimed at delivering true customer satisfaction. The adoption of a smart manufacturing system through our Digital Transformation has already improved the speed and precision of our customer response. Furthermore, by acquiring the international standard for automotive cybersecurity, ISO/SAE 21434, in 2024, we have significantly elevated the security of our products and services. Through these efforts, we will solidify our position as your most trusted partner.

Second, we will strengthen our ESG management system to lead the way toward a sustainable, green future. MCNEX stands firmly by its commitment to green management. This includes eco-friendly processes, diligent emissions control, and water recycling to help meet national greenhouse gas reduction targets. We have successfully completed the planned installation of solar panels at our Songdo headquarters and have begun generating renewable energy in earnest. We are also steadily expanding our transition to a fleet of eco-friendly electric vehicles. To enhance our environmental transparency, we completed a third-party verification of our greenhouse gas emissions. These efforts have been recognized externally, earning us an 'A' grade from Sustainalyst, a leading domestic ESG rating agency, and a 'Silver' rating from the global ESG platform EcoVadis, placing us in the top 15% of companies. We will continue to meet your expectations by enhancing our global-standard disclosures and embedding these values within our team.

Third, we will build deep trust with all stakeholders by practicing transparent and ethical management. To establish ethical management as the bedrock of our business, we have created a Code of Conduct and a Supplier Code of Conduct to proactively manage potential risks. We also diagnose our integrity levels through employee surveys to foster a clean organizational culture and build a foundation of trust. As part of our commitment to enhancing shareholder value, we raised our 2024 dividend per share from KRW 600 to KRW 800 and will continue to strengthen our dividend policy. We are also dedicated to fostering open communication with everyone we work with. Through responsible management and a transparent board of directors, we will fulfill our social responsibilities and earn your lasting trust as a corporate citizen. We ask for your continued interest and support as MCNEX continues to develop and grow sustainably.

	Key Issues	Communication Channels (Frequency)
Customers	Improvement of Customer Satisfaction	Customer Satisfaction Survey
	Enhancement of Product Safety and Quality Management	Sales Channels (Ongoing)
	Incorporation of Customer Feedback	Website and Social Media (Ongoing)
	Enhancement of Product Price Competitiveness	Offline Exhibitions (N/Year)
Suppliers	Mutual Growth with Suppliers	Survey
	ESG Management of Suppliers	Website (Ongoing)
	Improving Working Conditions	Business Site Visits (As Needed)
	Fair Trade	Exchange Meetings (N/Year)
Employees	Work-Life Balance	Labor-Management Council (Quarterly)
	Fair Performance Evaluation and Compensation	Industrial Safety and Health Committee (Quarterly)
	Employee Capability Strengthening	Intranet Homepage Bulletin Board (Ongoing)
	Respect for Human Rights and Diversity	Grievance Redressal Channel (Ongoing)
	Labor-Management Relations
Community	Social Contribution Activities	Social Contribution Activities (Ongoing)
	Promoting Local Community Economic Activities	Local Institutions and Organizations (Ongoing)
		Promotion of Recruitment Local Talent (Ongoing)
Shareholders & Investors	Sound Corporate Governance	Corporate Disclosure (Ongoing)
	Corporate Disclosure (Ongoing)	Annual Shareholders' Meeting (Once a Year)
	Economic Value Creation	IR Website (Ongoing)

ESG FRAMEWORK

MCNEX is establishing an ESG management team and forming a cooperative system, ESG TF, within the responsible department to practice sustainable management. Additionally, to establish sustainable governance, preparations are underway to establish an ESG Committee. The ESG Committee will receive management information related to environmental, social, and governance issues, discuss improvement measures, share progress and performance, and enhance MCNEX's ESG management practices.