Social contribution Mid- to Long-term Targets and Strategies

Based on the core value of 'Integrity', SIMMTECH has established ethical management policies and various regulations to fulfill the company's social responsibilities, adhering to various laws and RBA (Responsible Business Alliance) Code of Conduct guidelines.

• Ethical Management Policy Compliance principles for employees to practice ethical management
• Ethical Management Regulations Ethical management decisions and actions based on the core value of Integrity
• Ethical Management Code of Conduct Decision-making and behavioral criteria for ethical conflicts that may arise during work

Anti-Corruption Program(Anti-Fraud Manual)

SIMMTECH audit team operates the Anti-Fraud Manual (AFM) to prevent fraud and corruption, ensuring ethical management and fair trade.
The AFM includes special audits on randomly selected areas each quarter to prevent and detect possible fraud, enhancing employees' ethics and morality.

Ethical Management Outcome

SIMMTECH's all employees share and fulfill our core value 'Integrity', for various stakeholders such as customers, employees, shareholders, partners, communities, and countries, and practice as the foundation of the semiconductor industry, we practice company's ethical management to enable a better world.

In order to improve the ethical management system, regulations and rules were enacted and revised to strengthen the foundation.

- Revised the ethical management regulations and enacted the 'Ethical Management Behavior Guidelines', which set details for implementing them.

- Handled violation of the 'Ethical Management Regulations' in accordance with the principle of zero tolerance.

- Organized and operated an 'Ethical Management Committee' involving management in order to clarify the subject and role of ethical management.

- The 'Ethical Management Committee' deliberates and decides on matters related to ethical management in a neutral position every quarter without external interference every quarter.

- Established and shared the 'Operation Regulations for Ethical Management of Partner Companies' so that suppliers can also practice ethical management.

- For the anonymity and protection of whistleblower, the 'Regulations for the Operation of the Internal Information (Protection) System' have been revised and implemented.

Thoroughly implementing an unethical prevention system.

- Received a 'Pledge of Ethics Conduct' from all employees as part of the prevention of unethical behavior,

- This means that we will pledge with the Ethical Management and will comply with Code of Conduct for Ethical Management.

- Whenever we sign a contract with a supplier, we additionally sign an 'Ethical Management Special Agreement' to promise fair trade.

- As a global unethical prevention system, our local factories in China and Japan have also signed the 'Pledge of Ethics Conduct' in their local language.

Contributes to establish a culture of ethical management.

- Forward letters to all suppliers twice a year to ban conventional gifts.

- On New Year's Day and Chuseok holidays, we made a commitment to compliance through e-mail to all employees and suppliers.

Thoroughly monitors ethical management

- Monitors ethical management every quarter.

- In integrity, the focus is on prohibiting unfair profits, fair trade, protecting the identity of informants, and protecting personal information.

Conducts an in-depth internal audit of ethical management actions.

- Conducted 'SIMMTECH Self-Diagnosis of Ethical Management Integrity' for all employees past July.

- Conducted 'SIMMTECH Partner Ethical Management Self-Diagnosis' for all partner companies past September.

- According to the findings, illegal matters will be dealt with in accordance with the zero tolerance principle, and insufficient matters will be corrected.

- Continue to observe and check the practice of ethical management.

Through ceaseless effort, no 'ethical management-related' violations or reports were found in 2023.

- Further, SIMMTECH will deal with it promptly and fairly.

- Also, SIMMTECH will take various countermeasures together to prevent recurrence.

GLOBAL SIMMTECH Co., Ltd. will also develop to settle a firm 'Ethical Management' and establish a foundation for ESG management.