COMPLIANCE AND BUSINESS ETHICS Compliance The construction industry is one of the key drivers for the economy and development of countries, including Malaysia. Construction activities create jobs for both labour workers and skilled workers, and some also contribute to the development of important access infrastructure such as roads, tunnels, and tracks for countries. On the other hand, there are also potential risks and hazards brought by construction activities if they are not managed well, such as safety and health risks or environmental damage. Kimlun Group acknowledges the potential value that its businesses are able to create, as well as the potential risks that may arise. In this regard, as a responsible business, Kimlun Group is committed to complying with the applicable laws and regulations, including those relating to environmental and social laws. Compliance is taken seriously at Kimlun Group and is incorporated in our various processes and operations, from procurement, manufacturing, construction, to transportation, where various laws and regulations apply and our operating licences and permits are also subject to compliance requirements. We regularly keep ourselves informed on any developments of the laws and regulations and review our processes to ensure they are aligned with the latest regulations. Compliance-related controls are also reviewed from time to time via the Group’s internal audit activities. FY2023 Number of cases Confirmed incidents of corruption 0 Substantiated complaints concerning human rights violations 0 Substantiated complaints concerning breaches of customer privacy and losses of customer data 0 Ethical Business Practices Kimlun’s Board leads and sets the ethical standards of the Group’s businesses and operations through the establishment of the Corporate Code of Conduct (“Code”), applicable to all Directors and employees of the Group. The Code sets out the ethical expectations in various areas including avoiding or declaring conflict of interest situations, safeguarding confidential information, dealing with stakeholders fairly, honestly, objectively and with integrity, anti-corruption and antibribery, and good employment practices including non-discrimination, prohibiting harassment, and respecting individuals’ privacy rights. All Directors and employees are introduced to the Code upon their appointment or employment to ensure they are familiar with the working culture Kimlun Group intends to create and maintain. The Code is publicly accessible on Kimlun’s corporate website at https://www.kimlun.com. Anti-Bribery and Anti-Corruption The Board has also established an Anti-Bribery and Corruption Policy (“ABC Policy”) that is not only applicable to Directors and employees of the Group, but also to business associates such as contractors, suppliers, consultants, agents, representatives, and service providers who perform services for or on behalf of the Group. The ABC Policy is publicly accessible on Kimlun’s corporate website at https://www.kimlun.com. Kimlun Group is committed to conducting business in an honest and ethical manner, and it takes a zero-tolerance approach to bribery and corruption. The ABC Policy addresses and provides guidance in relation to high-risk transactions or activities such as gifts, entertainment, and hospitality; donations and sponsorships; facilitation payments; dealing with public officials; and conflict of interest situations. Furthermore, facilitation payments are strictly prohibited unless the life or safety of a person is threatened. SUSTAINABILITY STATEMENT 031 Annual Report 2023
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