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Environmental, Social and Governance Report

SOCIAL ASPECT (CONTINUED)

Employment and Labour Practices (Continued)

Development and Training

The Group introduces talents who suit our operating condition and development needs. Through a series of
target-oriented and systematic development and training programs, we are devoted to nurture their growth.
The Group organises and subsidises various internal and external staff training to enhance their skills and
knowledge, including machine operating, work safety and production environment management, industry and
market knowledge, business administration and so on. In Houjie Factory, employees have to go through the
32 hours of required annual training.

We adjust our training courses based on business needs. For instance, due to change of our product mix,
participation rates of training of Robotic Process Automation (“RPA”) and laptop project-related training
increased during the Reporting Period,

Meanwhile, the Group also updates the latest information of the industry and laws and regulations which are
essential to the Group’s operations and their job responsibilities from time to time. Training on obligations,
duties and responsibilities of directors and senior management of publicly listed companies are also in place.
This training is in line with the Securities and Futures Ordinance and the Listing Rules.

To retain talent and reward employee with good performance and high potential, we offer internal promotion
prospects within the Group. We also encourage open communication and discussion between management
and other employees about working condition, promotion and career goal, with a view to supporting their
development and growth with the Company.

Labour Standard

The Group’s internal rules and labour system are made in strict adherence to the Employment Ordinance
(྇඿ૢԷ‘) and the Regulation on Labour Security Supervision (௶ਗڭღ္࿀ૢԷ‘), the Labour
Standards Law (௶ਗਿ๟ج‘) and other applicable laws and regulations. All recruitment process and
promotion activities are closely monitored under the Group’s human resources management scheme to
prevent child labour, forced labour, or any discrimination by race, religion, age or disability. The Group
will conduct investigations, punishment or dismissal of relevant employees immediately when any non-
compliance is being discovered. If necessary, the Group will further improve the labour mechanism against
illegal behaviors.

During the Reporting Period, there was no child or forced labour in the Group’s operations.

28 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018