ESG Report 2024
5.3.1 Establishing a Culture of Integrity The development of The United Laboratories is inseparable from the sincere support of all partners. The Group advocates the business principles of “Friendship, Equality and Mutual Development”, and expects to establish a fair and just cooperative relationship with all partners. We believe that commercial bribery not only violates the law, but also violates basic business principles, disrupts the market economic order, brings about unfair competition and waste of resources, hinders the healthy development of both parties and seriously affects both parties' credibility in their respective industries. Thus, the Group has always upheld the principles of business ethics and gave primacy to integrity so as to ensure that the business operates in compliance. At the same time, commercial bribery also fuels corrupt practices, triggers economic crimes, and corrodes the foundations of corporate employees and corporate development. Therefore, we expect employees and partners to abide by the law and strictly adhere to principles of business ethics, and hereby we make the following statement: 16 Furthermore, in order to effectively enhance employees' awareness of integrity and business ethics, the Group has implemented “The United Laboratories Employees’ Code of Integrity and Self-Discipline” in accordance with laws, regulations and the Group's own circumstances. The Code explicitly defines improper behavior and details the procedures for reporting and filing interests related to business or commercial activities. We have also established a mechanism for integrity oversight and penalties to reduce the risk of improper behavior by employees in these activities. Employees must report to their superiors and obtain approval before participating in business or commercial activities. If they encounter a situation where they cannot refuse to accept items during these activities, they must promptly report to their superiors and submit the items to the Administrative Department for registration and safekeeping, and handled in accordance with the system. Advocate a " Friendly, Responsible, Hardworking and Highly Efficient" team atomophere, 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 Employees' Code of Integrity and Self- Discipline" to ensure fairness, importance and transparency in the cooperation process between the two parties. 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' violation of the declared behaviour. Encourage polite behaviour in business interactions and resolutely oppose commercial bribery that imposes or attempts to improperly affect the relationship between the parties through the provision of gifts or commissions or other form of private benefits. 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. Environmental, Social and Governance Report 2024 The United Laboratories International Holdings Limited
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