Overview

The company only exists to serve its customers. The purpose of growing our harvest and increasing the fertility of our soil is to better serve our customers. "Staying customer-centric and creating value for customers" are the company's common values. The conferment of authority is required to drive the facilitation and implementation of the company's common values. However, without effective controls in place, authority un-checked will ultimately hinder such common values. The company has a well-developed internal governance structure, under which all governance bodies have clear and focused authority and responsibility, but operate under checks and balances. This creates a closed cycle of authority and achieves rational and cyclical succession of authority.

The company's fate cannot be tied to any single individual and the governance bodies of the company shall follow a model of collective leadership. This collective leadership model is created upon common values, focused responsibility, democratic centralized authority, checks and balances, and growth by self-reflection.

In addition, the company stays customer-centric, inspires dedication, and continuously improves its governance structure, organizations, processes, and appraisal systems to sustain its long-term and profitable growth.

The Shareholders' Meeting, the company's authoritative body, decides on the company's major matters such as capital increases, profit distribution, and election of the members of the Board of Directors and the Supervisory Board.

The Board of Directors (BOD) is the highest body responsible for corporate strategy, operations management, and customer satisfaction. The BOD's mission is to lead the company forward. It exercises decision-making authority for corporate strategy and operations management, and ensures customer and shareholder interests are protected.

The BOD and its Executive Committee are led by rotating chairs. During their terms, the rotating chairs serve as the foremost leader of the company.

As Huawei's highest oversight body, the Supervisory Board exercises the authority of oversight on behalf of the company's shareholders. Its core authorities include leader management, business reviews, and strategic vision.

KPMG has been Huawei's independent auditor since 2000. An independent auditor is responsible for auditing a company's annual financial statements. In accordance with applicable accounting standards and audit procedures, the independent auditor expresses an opinion as to whether the financial statements are true and fair.

As one of Huawei's core businesses, the ICT infrastructure business works on information distribution, interaction, transmission, processing, and storage, aiming to help customers build CT and IT infrastructure with its leading, innovative products, solutions, and services.

• The ICT infrastructure business comprises the carrier and enterprise businesses. Based on innovative products and solutions, the ICT infrastructure business works to build an open ecosystem, and serve carriers, governments, and enterprises, and more broadly, every person, home, and organization.
• ICT Products & Solutions comprises connectivity and computing businesses. In connectivity, Huawei proactively works with industry partners to define 5.5G, as part of the effort to continuously drive this industry forward. In computing, Huawei works alongside partners around the world to develop digital infrastructure ecosystems centered on Kunpeng, Ascend, and Euler-related foundational software, lay the computing foundation for the digital world, deliver better service experience, and facilitate customers' business success.
• Based on its over 30 years of delivery and service experience, Global Technical Services provides service and software solutions for carriers, governments, and enterprises. Focusing on the entire lifecycle of a network, including network planning, construction, operations and maintenance (O&M), and optimization, Global Technical Services works with its partners to continuously improve customer satisfaction. Global Technical Services is committed to building green, efficient, secure, and robust ICT infrastructure that delivers ultimate experience to customers, and enabling the transformation of industries towards digital intelligence.

The consumer business puts users at the center of everything it does and is committed to creating a Seamless AI Life experience centered on products. Focusing on five key scenarios (Smart Home, Smart Office, Easy Travel, Fitness & Health, and Entertainment), the consumer business aims to deliver a superior user experience, build an ecosystem alongside its partners, and achieve business success.

Huawei Cloud Computing provides stable, reliable, secure, trustworthy, and innovative cloud services to customers. By diving into digital, Huawei Cloud Computing aims to deliver Everything as a Service and build the cloud foundation for an intelligent world with ubiquitous cloud and pervasive intelligence.

Digital Power offers enterprise and industry customers products and solutions like smart PV, data center facility, critical power supply, and DriveONE. Digital Power is committed to integrating digital and power electronics technologies to provide customers with high-quality, energy-efficient, green, and low-carbon power electronics products, facilitating customers' business success.

The Intelligent Automotive Solution Business has brought Huawei's expertise in ICT to the intelligent automotive sector, providing new components for intelligent connected vehicles and helping car OEMs build better vehicles with ICT technologies.

HiSilicon provides board-level chipsets and module solutions to sectors like smart devices, home appliances, and automotive electronics. It offers end-to-end technological capabilities like sensing, connectivity, computing, and display to help devices go digital, connected, intelligent, and low-carbon. Based on chipsets and components, HiSilicon works to empower connected smart devices, enable innovations across different sectors, and help customers achieve business success.

To gradually build a shared service platform to support the development of our multiple businesses and create an anchor for corporate policy execution, the company operates a Platform Coordination Committee. This committee is designed to drive group functions to optimize their execution and operations, simplify cross-function operations, and strengthen collaboration, so that group functions will become the best service organizations available to support and promote business operations. Group functions provide business support, services, and oversight. They are positioned to offer accurate, timely, and effective services to field offices and strengthen oversight while delegating sufficient authority to them.