Subjects: SVY, CSR, MAT
RLX Technology Unveils 2022-2023 Corporate Social Responsibility Report
BEIJING, Jan. 19, 2024 /PRNewswire/ -- RLX Technology (NYSE: RLX) today proudly presents its Corporate Social Responsibility Report. The report outlines the firm's annual progress in fulfilling various corporate social responsibilities, including rural revitalization, product-related responsibility, corporate governance, environmental responsibility, and employee responsibility.
According to the report, as of 2023, RLX has invested a total of 44.3 million yuan in areas such as biodiversity conservation and rural revitalization. By the end of April 2023, RLX had effectively generated approximately 120,000 employment opportunities along the supply chain, and accumulated research and development investments totaling 800 million yuan.
Navigating the delicate balance between compliance and innovation is the most crucial challenge for RLX. In pursuit of a first-class user experience, the company not only strictly adheres to regulatory requirements by developing products in line with national standards to ensure quality and safety, but is also comprehensively upgrading its research and development system. This involves establishing eight major laboratory matrices and rigorous factory quality control to enhance product innovation. The report reveals that as of April 2023, RLX has applied for nearly 900 patents globally.
From child-proof locks to anti-dry burn functions, each of the eight laboratories plays a specific role in developing products that meet both regulatory requirements and user-experience expectations. The Innovation Lab, for example, focuses on material purification and flavor perception, significantly reducing the risk of alterations to product taste and flavor. The Quality and Safety Lab conducts tests such as drop and negative pressure tests to ensure product stability in extreme environments. This lab has received accreditation from China National Accreditation Service for Conformity Assessment (CNAS).
Since outlining its "1+4" scientific research path in 2020, RLX has initiated nearly 50 research projects to fill the gaps in the field of vape science. The report highlights several breakthrough achievements from the past year. In November 2022, the first domestic clinical study on electronic cigarettes initiated by RLX was published in the medical SCI journal "Nicotine & Tobacco Research." By the end of April 2023, RLX had conducted 17 collaborative research projects, publishing 11 research papers in authoritative journals.
In September 2023, the Feiyue All-Weather Bridge and Feiyue Convenience Bridge, constructed jointly by RLX and the China Siyuan Foundation, were inaugurated in Jizidu Village, Baiyangping Town, Enshi, Hubei Province. The Feiyue All-Weather Bridge, with a length of 58 meters and a width of 10.5 meters, features distinctive local ethnic characteristics, becoming a "new landmark" attracting tourists near the Jizidu area. The Feiyue Convenience Bridge, measuring 61 meters in length and 2.2 meters in width, has reduced the time it takes villagers to cross the river from 40 minutes to just a few minutes, alleviating transportation challenges. Both bridges have effectively stimulated the development of the local tourism industry.
"From 2022 to 2023, whether in the Chinese e-cigarette industry or at RLX Technology, it has been an extremely important period. We wholeheartedly respond to policies, and actively address various changes, not only fulfilling strict compliance and providing reassuring products as 'required actions,' but also contributing our modest efforts in 'voluntary actions' such as wildlife protection and rural revitalization to enhance social well-being," said Kate Wang, Founder and CEO of RLX.
SOURCE RLX Technology
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