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The company will also ramp up resources to expand its product line, as well as, exploring new verticals such as autonomous driving.

The company plans to give subsidies for car rentals, income and insurance purchases for beginners who join Didi's ride-hailing fleets. Drivers in poor areas can enjoy special poverty-relief funds, and freelancers can participate in skill training courses for free.

The company since last year has been suffering from regulatory hurdles and public backlashes after several safety incidents, which have also led to tightening regulations in China.

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The company's business fits well with the country's Healthy China 2030 initiative, and China's further opening-up promises a better business environment for foreign companies such as Herbalife Nutrition, he said.

The company said it will globally premiere a passenger car with Level 2 autonomous driving functions with a Chinese carmaker at the forthcoming Shanghai auto show later this month.

The company's net profit attributable to its equity holders stood at 41.21 billion yuan (about .81 billion) last year, said its financial report filed to the Shanghai Stock Exchange Tuesday night.

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The company's plan also shows a much more ambitious expansion pace for the retailer, which has opened more than 400 retail units in more than 170 cities in China in the past 23 years.

The company will continue to consolidate its dominant position in semiconductor displays and "aims to build an integrated industrial platform that ranges from display panels, modules, machine manufacturing to services," said Chen Yanshun, chairman of BOE, at the company's Innovation Partner Conference 2020 on Wednesday in Beijing.

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The company was fined 9.49 million yuan for failing to meet safety production regulations and obstructing the investigation. After the incident, the company failed to report the situation according to guidelines, concealed the truth and misled the inquiry, the report said.

The company will proactively communicate with regulators to ensure the drug will be included into the country's drug reimbursement list as soon as possible to reduce patients' financial burden, although the drug is priced quite modestly, it said.