CHANGSHIN > SUSTAINABILITY

Ethics Management

Changshin plans to settle a healthy Changshin ethical culture, 'CS RIGHTEOUSNESS'. To do this,
we enact a code of ethics to make an impartial and proper decision and conduct when it comes to
performing a task. Changshin's ethical culture is not only to justify whether it's good or not but also
to carry it into action. Through this, we enhance our ethical level as a socially responsible company
and grow along with the community while building trust from stakeholders.

Code of Ethics

All people of Changshin may behave honestly, followed by an ethical value, and carry out the Clean
management for us to become a World Class Manufacturer. Hence, we enhance Changshin's code of ethics
to set a standard of all employee's behavior valuation. A company should be impartial and equal based on
the code of business ethics, create a safe and pleasant environment, provide the best service with honesty
that could impress our customers, and compete in good faith.

All employees may comply with this code of ethics. Also, we strongly encourage this code of ethics to
corporations and individuals who have business relations with us. If you notice or were offered to do any
unethical behavior or any act that is against the code of ethics, you may report to Changshin's Management
Assessment Group. It's managed anonymously and there will be no disadvantage for the informant.

If you've got to involved in unethical behavior unwillingly or feel remorse for his/her misdeed and make a
voluntary report on this to our Management Assessment Group, you may not be punished. We will always
remember the importance of communication and management based on respect for man's life and dignity
to be a global leader.

The Principles of the
Code of Ethics

1.Equal opportunity should be provided.
2.Well-being and safety should be protected.
3.All the interested parties (e.g., customer, competitor, etc.) should be respected.
4.The privacy should be protected.
5.The environment should be protected, and energy should be saved.
6.An inappropriate working environment should be prevented.
7.Improper financial dealings with interested parties (personnel, customer, competitor, etc.) are prohibited.
8.Confidentiality should be maintained.
9.Information and task should not be used for private profit.
10.Must have responsibility for the state and society.

Ethical Implementation Activity

For ethical management activity, we regularly monitor and educate as well as
to conduct the basis of organization and system.

Ethical Management
Systematic
Construction

Code of Ethics Enactment, Revision
Transparent and fair work performance

Operate Report Channel
Run a report system for ethical management, external report, etc.

Compliance
Monitor

Monitoring
Check ethical management implementation

Ethical Management Field Hearing
Collect and check opinions on requirement, and ethical management practice level

Training and
Evaluation

Common Curriculum
Off-JT, online class

Self-Monitoring on Compliance with Ethical Management
Make a personnel checklist (questionnaire format) Find understanding enhancement and supplement point on related regulations.

Report / Consultation

Changshin operates report channel to eradicate injustice that disrupts fair and
transparent management.

Informant
Anonymity
Guaranteed

We guarantee the confidentiality of the informant that there will be no information disclosure. The details of the report and informant will be a non-disclosure and will be handed only to the person in charge of the Management Assessment Group.

Types of Report

- Job-related illegality, corruption, demeaning and company image disruption behavior
- bribe, venality, embezzlement, malpractice and any job-related unfair profit behavior
- Information disclosure on confidential or customer-related information
- Intentional negligence of duties that causes company loss
(dereliction, misuse of authority)
- Illicit behavior like abusive language, an assault that harms traditional custom
- Other Code of Ethics related improvement recommendation and requests

Informant
Handling

Details of the report will be handled promptly and non-disclosure to a third party. It may take a while to clarify fact relevance, inquiry, and handling. If you would like to receive process result separately, please leave your contact information.

Procedures

Report
Reception

Receive a report through Changshin report channel.
Content
Confirmation
(Record)

Any reported information will require advance procedure followed by the privacy
principles. Please understand it might take some time.
Initiate
Investigation

After confirming the investigation plan (e.g., headcount, duration), the investigation
will be initiated. The investigation will be processed as a report permitted time, and the
duration of the investigation may vary depends on its subject and scale.
Investigation
Completion

Report investigation will be completed after ascertaining the facts through securing
objective evidence and investigation.
Termination

After the investigation is completed, the disciplinary status will be confirmed based on
internal regulation. After this, the case will be closed.

Check Process Result

If the report was autonym and he/she requested feedback on the result, we provide a process result except for legitimate rights and interests violation.

Your valuable report will be the foundation of our fair and
transparent company culture.

Changshin Cheif Ethics Officer
051-290-4654, [email protected]
Management Assessment Group,
ChangShinINC, 242, Jangpyeong-ro, Saha-gu, Busan, Korea.

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Keep the rules Do the right thing

Ethics Management

Keep the rules
Do the right thing