ESG Report 2020

The development of The United Laboratories is credibility in their respective industries. Thus, the inseparable from the sincere support of all Group has always upheld the principles of business partners. The United Laboratories advocates the ethics and gave primacy to integrity so as to business principles of friendship, equality and ensure that the business operates in compliance. At mutual development, and expects to establish a fair the same time, commercial bribery also fuels and just cooperative relationship with all partners. corrupt practices, triggers economic crimes, and We believe that commercial bribery not only corrodes the foundations of corporate employees violates the law, but also violates basic business and corporate development. Therefore, we expect principles, disrupts the market economic order, employees and partners to abide by the law and brings about unfair competition and waste of strictly adhere to principles of business ethics, and resources, hinders the healthy development of both hereby we make the following statement: parties and seriously affects both parties ’ Building a Culture of Integrity Furthermore, in order to effectively enhance of employees performing misconduct when employees awareness of integrity and business operating business or commercial activities. Before ethics, the Group has established The United participating in business or commercial activities, Laboratories Employees ’ Code of Honesty and Self- employees need to report to their superiors and Discipline in accordance with laws, regulations and obtain their superiors consent. If the receipt of the Company s own circumstances. The Code gifts cannot be rejected during the event, the clearly defines improper conduct and itemises the employee must report to their superiors, and the declaration of interest and filing procedures of received items should be handed over to the operating business or commercial activities. We Administrative Department for registration and have also established a clean supervision storage, and handled in accordance with the mechanism and penalties to reduce the possibility system. ’ ’ ’ Ad vocate a “ F r i end l y , Responsible, Hardworking and Highly Efficient" team atmosphere, maintain a clean and healthy working environment, and encourage employees to abide by the laws and behave morally and honestly. Employees are required to abide by the relevant work ethics regulations such as the Employee Handbook and The United Laboratories Emp l o y e e s’ Co d e of Honesty and Self-Discipline t o e n s u r e f a i r n e s s , impartiality and transparency in the cooperation process between the two parties. Encourage polite behaviour in business interactions and resolutely oppose commercial bribery that imposes or attempts to improperly affect the relationship between the p a r t i e s t h r o u g h t h e provision of gifts or commissions or other form of private benefits. Employees are forbidden from setting up of barriers, or collecting “ service fee ” and other illegal operations involving commercial bribery, unfair competition or seeking personal improper benefits. The partners of The United Laboratories have the responsibility to resist and report The United Laboratories employees ’ violations of the declared behaviour. Partners are required to abide by the laws and regulations related to anti-corruption and anti- unfair competition and the Integrity Cooperation Agreement, and firmly oppose the transmission of improper benefits for the opportunity in terms of provision of products or services, or for any preferential treatment in competitions. If there is a violation, the cooperative relationship will be immediately terminated and the company will be blacklisted. 48 Environmental, Social and Governance Report 2020 The United Laboratories International Holdings Limited