Korrun 2022 Second Quarter Events

2022.06.30

1 Special Focus

Korrun Senior Management visited Korrun Indonesia Manufacturing Base

Mr. Fan, Chairman of Korrun, Rocky, CEO of B2B global business, and Tony, CIO and co-founder of

Korrun Group, went to Korrun Indonesia manufacturing bases, including Jinlin factory, Grobogan factory and Indonesia industrial park, communicated with Indonesian expatriates and local staff and expressed care.

Korrun and Indonesia State University of Semarang Official achieved strategic cooperation

Korrun and Indonesia State University of Semarang officially signed a strategic cooperation agreement. This overseas strategic cooperation closely follows the Korrun business development and talent strategy deployment. It not only supports the accelerated expansion of the Indonesian production base, but also lays the foundation of high-quality talents for the group.

Korrun takes the localisation of overseas cadres as goal, and will visit more overseas universities to carry out strategic cooperation in the future. We hope more students from different countries to join and grow with Korrun.

Korrun and Rajarajeswari College of Engineering jointly organized the first campus recruitment in Korrun India Manufacturing Base

Korrun and Rajarajeswari College of Engineering jointly organized the first campus recruitment in Korrun India Manufacturing Base. Representatives from the college, MBA students, General Manager of Korrun India Manufacturing Base, and HR team attended the event. Both parties elaborated on the profile of the company and the college respectively, and expressed their expectation for more opportunities of university-enterprise cooperation in the future.

The first campus recruitment event of Korrun India Manufacturing Base not only supports the talent acquisition, but also provides a new foundation for Korrun to continue to promote the localised training of overseas cadres, which will strengthen the construction of Korrun's overseas talent team.

Korrun Indonesia Industrial Park officially put into operation

Korrun Indonesia Industrial Park officially put into production, and together we bless the steady progress of the construction of the new factory!

Korrun new plant in Mysore, India, has successfully passed DKL CSR audit and has been approved for production

Korrun's new plant in Mysore, India has successfully passed DKL CSR audit and has been approved to start production! This is a new breakthrough for Korrun in the apparel industry, ensuring that the apparel production line for DKL customers completed and operated smoothly. It reflects the comprehensive competitiveness of Korrun, and lays a solid foundation for further international business expansion!

Korrun opens Vietnam office

The official opening of Korrun's Vietnam office was celebrated by VF Group's client executives, including team members from Kipling, JanSport, Eastpak, The North Face and the Korrun Business team.

Except for office in Singapore, India, Indonesia, Korrun office in Vietnam is another important overseas office of Korrun. It symbolizes the globalization of Korrun and supports Korrun customer service for international clients, such as VF, PUMA! Korrun will continue to grow and develop its customer service team to meet the needs of its customers and provide better and more professional services!

Korrun passes DKL Quality Autonomy Certification

Korrun has passed the DKL QA Authentication after a two-day audit by DKL! It greatly improved Korrun's corporate image and customer satisfaction. In the future, Korrun will continue to provide customers with excellent quality services, improve quality system to better achieve customer requirements. It also helps Korrun and DKL to strengthen strategic cooperation.

Multiple products of Runmi Technology won 2022 iF Design Award

NINETYGO Kids Luggage, Sahara Luggage and Edinburgh EVA Luggage won 2022 iF Design Award.

2 Performance Highlight

Korrun was highly recognized by NIKE

Korrun was highly recognized by NIKE at the NIKE FY22 Q3 PBR (Partner Business Review) meeting! Korrun outstanding performance in business team and supply chain team, as well as the excellent alignment between Korrun and NIKE, have been highly affirmed by NIKE. Korrun will explore more new cooperation opportunities with NIKE in the future. Korrun will continue to maintain business orientation, dedicated to be professional, efficient to achieve new success!

Korrun DKL BU Successfully Gets First Order from The Home Depot!

Korrun successfully got the first order from The Home Depot customer! This milestone is a significant breakthrough for Korrun in both the kit category and the North American mega-retailer, opening up a new strategic growth point for Korrun B2B bags sector!

Korrun successfully cooperated with The North Face

Korrun successfully obtained the first order of The North Face! This means the partnership between Korrun and VF Group was further deepened. Both sides reached a consensus on long-term, in-depth cooperation. At the same time, this also expands a new brand track for the Korrun B2B luggage and bag sector, laying a solid foundation for Korrun business development!

Korrun B2C Sector 618 Campaign Highlights

In the 2022 618 campaign, Xiaomi bag and luggage brand of Korrun Runmi Technology won the TOP1 in both Sales Volume and Sales Turnnver in JD channel! Moreover, Shop ranking and Product ranking also ranked first in JD channel! NINETYGO brand of Runmi Technology ranked third in functional luggage category!

3 Digital Transformation

Korrun SAP Phase II Go Live

Korrun Chuzhou, Indonesia, Dongguan, Shanghai, four places, jointly held the SAP Phase II Go Live Ceremony. Through the efforts of more than 120 partners in 406 days, across the geographical limitations, Korrun finally completed the SAP project with high-quality result, and this also promotes the digital transformation of Korrun!

OA office system in Korrun India Manufacturing Base formally operates

OA office system in Korrun India Manufacturing Base formally operates. This system solves information asymmetry between domestic and abroad, successfully realizes unified process management from the HQ to the region, and greatly improves the convenience and timeliness of communication. At the same time, OA system modules greatly facilitates the possibility of reusing the information between domestic and overseas regions, effectively reduces time and cost during the implementation, and promotes the development strategy of digital transformation of Korrun!

4 Organization and Talents

Mr. Fan’s sharing on Korrun Talent.

On June 8, Mr. Fan Jinsong, Founder & Chairman of Korrun, made an important sharing on the theme of Korrun Talent to all Korruners around the world, which was simultaneously broadcasted in to the rest 25 branches, inluding Shanghai, Chuzhou, Beijing, Dongguan, Indonesia and India.

No matter where the Talents coming from:

Whether High or Low the Educational Level is;

Whether Senior or New the Serving Age is;

Whether Korrun-er or Formosa-er;

Whether from Mainland(China), HK(China), or Taiwan(China);

Whether Indonesian, Indian, Singaporean or Malaysian;

Whether Elder or Young;

Whether Male or Female

There're 3 key criteria to Recognize and Evaluate Talents in Korrun:

Have you Achieved Outstanding Performance in current position?

Have you Made Every Endeavour to fulfil your responsibility?

Have you firmly put the Corporate Interest on the First Priority?

Korrun Regular Promotion Season ends successfully

Korrun's regular promotion season has officially come to an end. In this promotion season, a total of 70 nominations were received from B2B, B2C and Functional Departments, and 42 judges participated in the evaluation process. After strict evaluation, a total of 63 Korruners were promoted in respective fields.

Korrun Indonesia Industrial Park held a local cadres appointment ceremony

Korrun Indonesia manufacturing base (Jepara) held a local cadres appointment ceremony, senior management leaders from B2B bags sector and HR department witnessed this ceremony. This promotion is in line with Group's overseas cadres localization strategy.

Korrun Training highlights in the second quarter

In the second quarter, Korrun's Global Human Resources Centre fully implemented Korrun's 2022-2024 Learning and Development System, carrying out a total of 23 learning activities with 3,672 participants in the five areas, and identifying and forming internal trainers team.

5 Warmth and Care

Korrun Indonesia Manufacturing Base Local Employees Visits

Korrun's Indonesia Manufacturing Base management team visited local employees, and expressed friendly encouragement and warmth.

Korrun Chuzhou Industrial Park Third Anniversary

Embrace the future - Korrun Chuzhou Industrial Park Third Anniversary ended successfully. Management team from B2B luggage and bag sector were invited to participate in the celebratuion. More than 600 employees in total witnessed the glory and joy of the highlight moment.

Korrun Chuzhou manufacturing base Second Quarter team building activities

In order to promote corporate culture, enhance staff team cohesion, Korrun Chuzhou manufacturing base carried out Second Quarter team building activities. This activities fully demonstrated the positive spirit of Korruners

Korrun Indonesia Grobogan Factory organized Charity Football activity

Korrun Indonesia Grobogan Factory donated footballs to local football team, which has won awards in the neighbouring communities continuously.

Korrun employees hold cross-border wedding overseas

On 26th June, Korrun staff held their first cross-border wedding overseas. Korruners from various projects and positions gathered together to witness this happy moment.