Business Ethics

Statement of Business Ethics

Dear Employees, Foosung Co., Ltd. is leading the fluorochemical industry in 21st century with steady investment and R&D. These days, modern society requires to have law-abiding spirit more than ever. We believe ethical management with shareholders' trust is the core competency for companies these days. To enhance sustainable corporate value and eradicate unfair practices such as collusion and power abuse, we stipulate the “Code of Ethics” to provide ethical decision-making standards for all executives and employees, and apply the “Compliance” of all employees.

1. Employees

• Mutual trust and respect basic human rights between employees

• Transparent and sincere mission conduct

• Corporate Information Protection

2. Competitors, Suppliers and Partners

• Co-development under reasonable conditions and equal opportunities for suppliers

• Prohibiting transaction of money and valuables

• Fair competition and prohibition of illegal acquisition in confidential information

3. Shareholders and Investors

• Efforts to maximize shareholder's profit by building mutual trust and enhancing corporate value

• Contribute to rational investment decisions by providing transparent and accurate information

• Right decision making to avoid shareholders and investors infringement

4. Customers

• Respect customers and top priorities on customer value

• Prompt and accurate response to customers' legitimate requests

• Customer property and information protection

5. Environment, Safety and Health

• Environmental-friendly management

• Regular safety education and compliance with safety rules

6. State and Society

• Conduct social contribution activities as a member of the State and Society