L’Oréal, the world’s largest beauty company, entered Chinese mainland in 1997. L’Oréal China is headquartered in Shanghai and has five offices across the country. L’Oréal China currently has 31 brands and one R&I center in China, as well as two factories in Suzhou and Yichang, owning more than 14,000 employees. After 25 years of high-quality, steady and sustainable growth, China has become the second-largest market in the world, the headquarter of the North Asia “Beauty Triangle”, and one of three Beauty Tech Hubs worldwide. 2022 marks the 25th anniversary of L’Oréal’s entry into the Chinese mainland market. On the occasion of L'Oréal China’s 25th anniversary, L'Oréal founded its first investment company in China, “Shanghai Meicifang Investment Co., Ltd” and started construction for Group’s first global self-built Intelligent Fulfillment Center in Suzhou. As one of the best corporate citizens in China, L’Oréal China has always implemented and kept the “L’Oréal for the Future - Sustainable Development Commitment 2030” in mind. China is L’Oréal's first market to achieve carbon neutrality for all its operated sites, and L'Oréal China actively contributes to the good development of Chinese society through CSR programs.