Compliance

Compliance Policy At the COLOWIDE Group, compliance is not interpreted narrowly as merely adhering to laws and regulations but is considered an ethical code of conduct that includes adhering to social norms and meeting the expectations, trust, and demands of society. With this understanding, the basic policy is established with the aim of creating a system where all officers and employees of the COLOWIDE Group are consistently aware of corporate social responsibility and actively practice compliance.

Basic Policy (1) Compliance with laws and regulations All officers and employees of the COLOWIDE Group will sincerely comply with all laws, regulations, and social norms related to corporate management and business activities, conducting fair and prudent corporate activities. (2) Respect for human rights All officers and employees of the COLOWIDE Group will respect the human rights of all individuals associated with the Group and recognize each person’s individuality and diversity (3) Actions based on high ethical standards All officers and employees of the COLOWIDE Group will choose actions that they can proudly explain to customers, shareholders, society, other employees, and ultimately their own family, friends, and loved ones while fulfilling their respective roles.

Establishment of a Compliance Promotion System To strengthen the compliance framework across the entire Group, we established the Group's Compliance Promotion Office in January 2023. This office is responsible for formulating and promoting initiatives to enhance compliance throughout the Group and reporting their implementation status to the Board of Directors. Additionally, we have appointed Compliance Officers in each Group company to drive compliance efforts within their respective organizations and serve as a liaison with the Group's Compliance Promotion Office.

Promotion of Compliance Education Each Group company conducts regular compliance training sessions, followed by confirmation tests and the collection of written pledges. The training covers company-wide topics such as harassment, as well as industry-specific legal regulations related to the food and beverage sector. These sessions are held as needed. To further strengthen compliance education and awareness initiatives, the Group's Compliance Promotion Office takes the lead in these efforts.