| A Glimpse of 2023 Regulatory Landscape | |
Industrial Chemicals:
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Agrochemicals:
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Cosmetics:
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Food Contact Materials:
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Refine Technical Strengths
One of the standout achievements of the past year was the refinement of our technical strengths:
- REACH24H broke technical barriers and completed the notification for an edible multi-component ingredient under the Cosmetic Supervision and Administration Regulation (CSAR) in China. (*REACH24H Completes Another New Cosmetic Ingredient Notification with its Pioneer Spirit)
- REACH24H successfully achieved a grand slam of registrations for three major pesticide types under U.S. EPA: conventional pesticide, antimicrobial pesticide, and biopesticide.
- REACH24H helped enterprises get U.S. FDA approvals for their new biodegradable materials, successfully breaking the market monopoly.
Expand Industry Influence
Another major accomplishment was the significant expansion of our industry influence:
- REACH24H participated in drafting Seven Efficacy Test Methods for Anti Wrinkle, Firming, Moisturizing, Oil Control, Repairing, Nourishing and Soothing of Cosmetics (T/CAB 0152-2022) in China with other competent corporations and institutions to promote the development of the industry. (*REACH24H Participates in Setting Efficacy Test Standards for China’s Cosmetics Industry)
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REACH24H assists global businesses to enter different markets seamlessly by partnering and working with various governments to overcome technical barriers to trade (TBT).
- REACH24H cooperated with the International Fragrance Association (IFRA) and the Korea Cosmetic Industry Institute (KCII) to help multinational companies build a global cosmetic compliance system. (*REACH24H Co-Hosts a Workshop with IFRA, KCII, and KFFA, Focusing on Fragrance Ingredient Safety Assessments)
Focus on Client Needs
In 2022, REACH24H yielded deep insights into client needs and has constantly improved our products and services. Based on the experience of our competent team, we have launched a one-stop search site for chemical information, a management platform for food ingredients and labeling “COMBOX”, a cosmetic ingredient search tool, and other tools to effectively solve problems and promote streamlined market access for enterprises worldwide. Our technical services have been further upgraded, and our business map is expanding.
Diversify Business Portfolio
Despite the challenges posed by the pandemic, REACH24H has been increasingly diversifying its business portfolio. We have leveraged our pioneering vigor and explored new strategic areas while strengthening technical capabilities at the same time:
- REACH24H Korea cooperated with government officials to help the leading Korean cosmetic companies complete the registration of natural cosmetic ingredients and to bring safer and healthier ingredients to the market.
- Haifan Tech, which operates as a REACH24H subsidiary in the realm of chemical safety, was designated as a co-research institution for promoting opening and innovation in Hainan Free Trade Port.
- BaiPharm, as REACH24H's subsidiary providing customized compliance services for pharmaceutical companies, achieved substantial growth in its cross-border OTC drug e-commerce operations.
Prioritize Social Responsibility
While carrying forward our development goals, we have always adhered to the tenet that enterprise, society, and employees should go hand-in-hand:
- During the COVID-19 outbreak in China in 2022, REACH24Hers took proactive measures to assist in the community's prevention and control efforts, demonstrating their commitment to public health and safety.
- We initiated a school sponsorship program in impoverished mountainous regions, leveraging the power of REACH24H to drive social development.
- We prioritized the happiness and well-being of every REACH24Her. We established our first in-house café, RO COFFEE, to serve as their dedicated “cheering station”.
