COMPANY CULTURE

CODE OF CONDUCT

Code of Conduct Table of Contents

Scope of Application
Chapter A: Our Core Values
Chapter B: The Code in Business Operations
1.    Research and Development
2.    Procurement
3.    Manufacturing
4.    Marketing & Sales
5.    Public Relations and Advertising
6.    Coexistence with the Global Environment
7.    Product Safety
8.    Compliance with Laws, Regulations and Business Ethics
9.    Control of Information
10.    Brand

Scope of Application

This Code of Conduct applies to all Directors, executive officers and employees of SLT-TECH and all of its operating divisions and controlled subsidiaries.
Violations of this Code will be taken very seriously. Any member of the Board of Directors or executive officers violating the Code will be dealt with either by appropriate laws and regulations, or by Company regulations, same as employees violating the Code.

Chapter A: Our Core Values

Foundation of Our Business

Our Basic Business Philosophy helps us determine our objectives, our approach to business activities, and the general direction of our company.

Only One Earth

The earth is our home and we think green. It provides us with a variety of blessings including natural resources and energy. With this in mind, we will take the initiative in environmental activities to preserve our invaluable natural environment for future generations.

Carrying out our Basic Business Philosophy

This Code of Conduct, however, cannot cover all possible situations. For situations not covered in the Code of Conduct, it is important that we always refer to the Basic Business Philosophy and determine what action to take in the spirit of that Philosophy.

Basic Management Objective

Recognizing our responsibilities as industrialists, we will devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world.

Company Creed

Progress and development can be realized only through the combined efforts and cooperation of each employee of our company. United in spirit, we pledge to perform our corporate duties with dedication, diligence and integrity.

Four Principles

Fairness and Honesty
We will be fair and honest in all our business dealings and personal conduct. No matter how talented and knowledgeable we may be, without personal integrity, we can neither earn the respect of others, nor enhance our own self-respect.
Team Spirit
We will pool our abilities to accomplish our shared goals. No matter how talented we are as individuals, without cooperation and team spirit we will be a company in name only.
Adaptability
We will continually adapt our thinking and behaviour to meet the ever-changing conditions around us, taking care to act in harmony with nature to ensure progress and success in our endeavours.
Gratitude
We will act out of a sense of gratitude for all the benefits we have received, confident that this attitude will be a source of unbounded joy and vitality, enabling us to overcome any obstacles we encounter.

Chapter B: The Code in Business Operations

1. Research and Development

Through research and development we aim to achieve a better future. At the same time, we will try to prevent our technologies from being used in any way that might jeopardize the global environment, world peace, social justice or humanitarian activities.
We will strive to develop products that provide ever increasing satisfaction to our customers based on their quality, performance, design, affordability, environmental consciousness and ease of use, and that are accessible to a wide range of people, regardless of age or ability.
We will secure and protect intellectual property rights for our R&D achievements, while at the same time promoting the responsible use of our technologies around the world.
We will respect the intellectual property rights of others. At the same time, we will strive to prevent or eliminate any infringements of our own rights.

2. Procurement

In the procurement of both goods and services, we will seek fair relationships with our suppliers based on mutual trust and respect.
We will offer equal opportunities to potential suppliers around the world. Selection will be based on fair and objective evaluations as to each potential supplier’s ability to meet our criteria concerning the safety of goods and services, environmental impact, quality, competitive pricing, and meeting agreed delivery dates and times, as well as compliance with applicable laws and social norms. Also, suppliers’ support of our Basic Business Philosophy and this Code of Conduct will be evaluated positively.
In implementing procurement, we will act ethically and abide by all applicable laws and regulations. We will not receive any personal benefit from suppliers.

3. Manufacturing

We will constantly remember that our mission is to contribute to society through manufacturing and to create added value for society. At the same time, we will continually improve the environmental performance of our manufacturing operations.
In addition to complying with applicable laws and regulations, we will give utmost priority to product safety and continue working to maintain and further improve product quality.
Through our continual efforts to globally improve productivity and reduce costs, we will pursue the manufacture of products with the highest-level quality at reasonable price..

4. Marketing & Sales

We will make every effort to understand what customers want and need so that we can actively propose the development of and promote leading-edge products and services that will usher customers into a new age.
No matter how severe the competition may be, we will pursue fair and ethical marketing activities in compliance with all applicable laws and regulations. In other words, we will never violate any laws, regulations or social norms in pursuit of greater sales or profit.
We will not engage in bribery, collusion on bids, price fixing or other cartel activities.
We will take appropriate measures for export control to ensure that our products and technologies will not be misappropriated as tools that could threaten peace and security.

5. Public Relations and Advertising

Through our corporate communications, comprising our public relations and advertising activities, we will provide fair and accurate information on our basic business policies, as well as on our products, services and technologies, with the aim of better informing our customers and others, thereby enhancing the value of our brand.
We will not make representations that are deceptive, misleading, fraudulent or unfair. Our advertisements shall not be defamatory or of a political or religious nature.
We will aim to develop and demonstrate both our creativity and innovation in our corporate communication activities and impress on consumers that they can trust our brand.

6. Coexistence with the Global Environment

We are committed to creating value from an environmental perspective through our business activities and to conducting business in ways that contribute to sustainable economic development compatible with environmental preservation.
We will take initiatives to reduce potentially adverse environmental impacts of our business, such as initiatives to: reduce global warming; effectively use limited resources; properly manage chemical substances; efficiently use and prevent contamination of water, air pollution; and be mindful of the diversity of life.
We will pay attention to the environment in all processes of research and development, product planning, and product design in order to create and disseminate products and services which capitalize on our strength in environmental technology, including improving productivity across all manufacturing processes, such as product planning, procurement, manufacturing, sales, logistics, and recycling.

7. Product Safety

We will give the utmost priority to product safety in all design, development, manufacturing and marketing and sales activities. We will also strive to ensure safety in all our related activities, ranging from product installation to after-sales maintenance and repair.
To ensure that our products are used properly, thus preventing possible accidents, we will appropriately provide our customers with easy-to-understand instructions and explanations about proper operation and safe use.
If we receive information regarding the safety of our products, we will investigate promptly to identify the cause(s). If we conclude that there may be a safety problem, we will cooperate fully and transparently with public authorities, taking prompt action where necessary to remove serious threats to public health and safety and to prevent any recurrence.

8. Compliance with Laws, Regulations and Business Ethics

We will conduct business with integrity, a law-abiding spirit, and the highest ethical standards.
We will fulfil our tasks by always observing not only applicable laws and regulations, but also the highest standards of business ethics. Compliance with laws, regulations and business ethics in all our business activities is essential to the survival of our business.
We will respect free and fair competition, and abide by all applicable antitrust (competition law) and other laws and regulations. All of our transactions shall be properly and fairly recorded.
We will not engage in bribery of any kind. We will be sensitive to, and shall abide by laws and regulations and social ethics that govern the offer of benefits of any kind, including gifts, meals and entertainment. In the same manner, we will not receive personal benefits from any of our stakeholders.
Moreover, we remain steadfast in our attitude to oppose any illegal group or organization.
To ensure that all employees observe applicable laws and regulations and respect their spirit, we will establish appropriate in-house codes and promote employee understanding through seminars and training.
If we suspect that our activities violate applicable laws, regulations or business ethics, we will report such information to a superior, or to the legal affairs section or other relevant section, or via an in-house notification hotline. Whistle-blowers shall be protected from dismissal, demotion, or any other retaliatory treatment because of their well-intentioned reporting of possible violations of any law or regulation. We will ensure thorough and confidential treatment of information reported.
Once we have established that a law or regulation has been violated, we will immediately seek to remedy the violation, take appropriate action and prevent it from recurring.

9. Control of Information

We will use our IT resources effectively and efficiently to collect, store, control, use, protect and dispose of management, technological, personal and other useful information so that it can be properly and effectively used without jeopardizing confidentiality.
We will endeavour to prevent any piracy or falsification, and prevent leakage of our information.
When we receive confidential information from a third party we will respect its confidentiality and afford it appropriate protection.
Recognizing the importance of protecting personal information, we will gather, store, control, use, process and dispose of personal information appropriately in compliance with relevant laws and regulations. We will also seek to prevent the loss, falsification, or leakage of such information.

10. Brand

We will seek to strengthen the bond with customers around the world through promoting our vision expressed in, and through appropriate use of, the SLT-TECH brand, which we see as an expression of our commitments to our customers as well as proof of their trust and satisfaction.
We will dedicate ourselves to realizing the promise expressed in the Brand Slogan – ‘Intelligence beyond lighting, for a better life’.
Moreover, we will strive to further our business keeping in mind the following three values:
1.    We continually create new value with a constant awareness of emerging trends and global issues such as the environment, exceeding customers’ expectations through our creativity and ingenuity.
2.    We continually strive to translate our vision into quality products and services that enable customers to live the life they aspire to.
3.    We build solid relationships with customers by providing value that truly satisfies.
We will strive to maintain and enhance the value of the SLT-TECH brand through our untiring efforts to create products and services which benefit our customers.

For more information please contact us.

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