Ethical Corporate Management
|Based on the corporate core values of integrity, innovation, and love, the Company formulates its operating policies based on an alliance with ethical management, and establishes good corporate governance and risk control mechanisms to create a sustainable operating environment. In order to implement the relevant policies, the Company designated the general manager’s staff unit as the ethical corporate management unit, responsible for the formulation and supervision of the ethical corporate management policy and prevention plan, and presents an annual report to the board of directors on the implementation of the current year (the date of the most recent report to the board of directors is November 13, 2020).|
|The 2020 implementation of the ethical corporate management policy is as follows:
I. In 2020, the Company revised the “Ethical Corporate Management Best Practice Principles” and “Procedures for Ethical Management and Guidelines for Conduct,” expecting and requiring company members, including the board of directors and management, to actively implement the policy of ethical corporate management.
II. In order to ensure the legal status of cooperating agents, suppliers, customers or other transaction partners and whether they are involved in dishonest behavior, relevant audits will be conducted before signing a contract with them. If the cooperating unit is involved in dishonest behavior, immediate termination of contract will be executed. There were no cases of corruption or dishonesty in 2020. Besides, the company did not make any contributions to political campaigns.
III. Each department conducts annual self-assessments in legal compliance and regulations to ensure effective control and implementation, and is independently audited by the audit unit to ensure the proper operation of the overall mechanism, and jointly manage and prevent the occurrence of dishonest behavior.
IV. Education and Training
V. Prevention of Insider Trading
VI. The Company has established relevant reporting measures, which specify the reporting channels including e-mail (firstname.lastname@example.org) and written reporting methods, and specify related reporting procedures, reporting data protection, punishment measures, and a reward system for whistleblowers.