Compliance

Faith Group Compliance Code of Conduct

In order for the Faith Group to function as a corporate group that enjoys the trust of society in an environment in which both society and the economy are changing drastically, we are aware that we need comply with all relevant laws, regulations and social standards and to act in accordance with a good social conscience based on the highest ethical principles, and that to this end it is essential for us to establish a compliance standard.

To realize this aim, we have set out the Faith Group Compliance Code of Conduct as a standard that the Faith Group's executive officers and employees should observe in the course of their business activities. Moreover, to ensure that our corporate activities are conducted in accordance with this Code of Conduct, we have established the Compliance Committee and we are carrying out activities aimed at promoting a thorough understanding of the compliance items and providing advice, guidance, etc.

Compliance with Laws, Regulations and Social Standards

In the faith Group, we observe the laws, regulations, social standards and in-house regulations related to our business operations. Specifically, we act in the following manner.

  1. We conduct our business armed with a sufficient understanding and recognition of the regulations and other rules required for the conduct of business.
  2. Rather than being the exclusive concern of the officials responsible for or in charge of ensuring it is carried out, compliance it is something that each and every one of us has to work on. We do not waive the provisions of the Compliance Code of Conduct in order to provide selected customers with preferential treatment, and we do not circumvent the law by appearing on the surface to observe laws, regulations and social standards while failing to comply in reality.
  3. We perform our daily business in the full awareness that compliance forms a basis and a prerequisite for conducting business. If we discover that we have waivered in our individual judgment, we consult with our immediate supervisor, with the responsible department, or with the Compliance Committee.

Dealing with Anti-Social Forces

We stand firm against and do not form relationships with antisocial forces that threaten the order and safety of society. Specifically, we act in the following manner.

  1. In business, we always exercise due care in order to ascertain whether our business partners are antisocial forces or not, and if we discover that we have been unknowingly involved in a relationship with an antisocial force, we dissolve the relationship immediately.
  2. We deal with unreasonable demands from antisocial forces by maintaining a steadfast attitude throughout the entire organization. In such a case, we immediately consult with our immediate supervisor, with the responsible department, or with the Compliance Committee, or else we inform the Company via the internal reporting system.
  3. The Faith Group guards the safety of its executive officers and employees when dealing with anti-social forces, and never resorts to secret deals in order to conceal the facts of a situation.

Maintenance and Promotion of Fair and Free Competition

We respect free and fair business rules and reject unfair business customs such as bid rigging, etc. Specifically, we act in the following manner.

  1. We do not take part in act such as pre-arranged bidding or estimation, or, in competing markets, jointly deciding which contractor is to get which order and at what price, or exchanging information relating to price, volume or other terms and conditions with other companies in the same business field.
  2. We do not enter into unfair arrangements with our business partners such as maintaining sales prices, restricting sales by region, restricting fair competition, etc.
  3. When the Company is in a position of superiority with respect to its business partners, we do not take advantage of that position to request our business partners to bear an unfair burden.
  4. We observe all relevant laws, regulations and other rules related to fair trade that are applied in the countries and regions in which we conduct business.

Respect for Human Rights

We respect human rights and we work to prevent the occurrence of unfair discrimination and harassment. Specifically, we act in the following manner.

  1. Inside the Company, we respect the personalities of other employees, we do not practice sexual harassment or power harassment, and we refrain from speech and conduct that is open to misinterpretation as sexual harassment or power harassment.
  2. In our handling of applicants for recruitment, employment, training, promotion, etc, and also in our handling of employees, we do not practice discrimination based on the applicant or employee's race, religion, nationality, sex, age, beliefs, handicaps or other factors not related to the Company's legitimate business interests.
  3. We observe labor-related laws, regulations and in-house rules regarding employment, personnel affairs, salaries, working hours and maintaining a healthy working environment.

Appropriate Information Disclosure

We properly disclose and explain information on our products and services as well as information about the management of the Company and the Faith Group companies. Specifically, we act in the following manner.

  1. We try to gain the support and trust of society through dialogue with our shareholders and investors as well as with a wide range of stakeholders.
  2. We conduct appropriate accounting processes in accordance with applicable laws, in-house regulations and procedures, disclose management information concerning the Faith Group's financial details and business activity situation, etc., in a timely and appropriate fashion, and observe management transparency.
  3. Information we provide via media such as newspapers, magazines, radio and TV stations and the internet, as well as to securities analysts, etc., is interpreted as constituting the Company's official view, and is officially distributed as such in many cases. In order to provide clear and accurate information, the officers in charge of public relations respond appropriately in accordance with in-house regulations and procedures.

Appropriate Information Management

We handle personal information and confidential information obtained in the course of business appropriately in accordance with applicable laws, guidelines and in-house regulations. Specifically, we act in the following manner.

  1. Naturally, we do not leak personal information or confidential information obtained in the course of business to outsiders, and inside the Company we strictly control such information in accordance with in-house regulations and procedures. Moreover, we do not leak such information to third parties either during or after our employment, nor do we make use of such information either for our own or for other people's benefit.
  2. We use personal information and confidential information obtained in the course of business only for the purpose of the business in question, and we do not use such information for any other purpose whatsoever.
  3. In order to prevent personal information and confidential information obtained in the course of business from being leaked due to carelessness and becoming the subject of public conversation or communication, in cases where such information is handled by the in-house system, we take appropriate protection measures such as ID and password management, data backup, and virus and hacker countermeasures.

Prohibition Against Insider Trading

We do not make use of any important confidential information that we have obtained in the course of our business for the purpose of insider trading. Specifically, we act in the following manner.

  1. In the event that we obtain important undisclosed information relating to a listed company or any of its subsidiaries, we keep this information secret until such time as it is disclosed publicly, and we do not engage in any trading in such companies' shares or other securities until that information has been disclosed.
  2. We do not inform family members, friends, etc., of any important undisclosed material facts relating to a listed company or any of its subsidiaries, and we do not engage in any conduct with the aim of inducing any trading in such companies' shares or other securities.

Distinguishing Between Public and Private Matters and Prohibition of Acts Involving Conflict of Interest

In conducting business, we act while drawing a line between public and private matters, and we do not make use of the Company's assets or expenses in a manner contrary to the Company's interests. Specifically, we act in the following manner.

  1. We clarify the Company's position and our private or personal position, and we do not bring private relationships into the Company, nor take the organization's position outside the Company. Moreover, we handle the Company's assets carefully and do not divert them for personal use.
  2. We do not engage in personal activities unrelated to our business during our Company work time.
  3. We act so as not to damage Company's interests in the course of pursuing our own interests or those of a third party. Moreover, we do not use our personal status at the Company to further the interests of a third party outside the company.

Restrictions on Entertainment, etc.

Regarding our business, we do not give or receive gifts and we neither make nor accept offers of entertainment beyond the extent of socially accepted limits. Specifically, we act in the following manner.

  1. We maintain reasonable relationships with our business partners, we keep exchanges of gifts or entertainment within the bounds of social common sense, and we do not accept personal gifts.
  2. We maintain sound relations with public employees, politicians, etc., and we do not offer gifts or entertainment to such persons in conflict with relevant laws or regulations.

Reporting and Consultation

When behavior judged be in violation or possible violation of the Company's in-house regulations including this Faith Group Compliance Code of Conduct is brought to our attention, we do not seek to hid or conceal it, but we immediately report it to and consult with the Compliance Committee, or else we inform the Company via the internal reporting system. Moreover, we maintain the strict confidentiality of executive officers and employees who report to and/or consult with the Compliance Committee, and we do not subject either those who report to and/or consult with the Compliance Committee or those who cooperate in the search for the facts to disadvantageous treatment.

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