CSER Ethical and Environmental

December 28, 2023

FOZ One is committed to operating its business with ethics, integrity and in compliance with all applicable laws and regulations. Dealing honestly and fairly with others and doing our best to make the right choices will help us achieve our business goals and maintain a great working environment.

COMPLIANCE WITH APPLICABLE LAWS, RULES AND REGULATIONS

It is the Group’s policy to comply with all governmental laws, rules and regulations applicable to its business.

COMPLIANCE WITH THE GROUP’S POLICIES AND PROCEDURES

All employees are expected to know, understand, and comply with the Group’s policies and procedures.

PROHIBITION OF IMPROPER PAYMENTS

No bribes, kickbacks or other similar remuneration or consideration shall be given to any person or organization in order to attract or influence business activity. The term “kickback” includes any money, fee, commission, credit, gift, services, gratuity, thing of value, or compensation of any kind that is provided directly or indirectly to anyone for the purpose of improperly obtaining or rewarding favorable treatment in connection with a project/ contract.

EMPLOYMENT PRACTICES

FOZ One observes fair employment practices in every aspect of its business. The employees must comply with all applicable labour and employment laws and

CONFLICTS OF INTEREST

FOZ One expects that each employee will use his/her best efforts to discharge his/her duty in an honest and upright manner. This requires each employee to avoid conflicts of interest between his/her personal interest and the interest of the Group. A conflict of interest occurs when an employee’s private interest interferes, or appears to interfere, in any way with the interests of the Group as a whole. Employees should actively avoid any private interest that may influence their ability to act in the interests of the Group or that may make it difficult to perform their work objectively and effectively.

GIFTS, SERVICES AND ENTERTAINMENT

No employee may receive kickbacks, bribe, or secretly receive commissions or any other personal benefits. No employee or his/her family members shall receive gifts, services, touring arrangements and entertainment that may affect his/her judgment in fulfilling his/her obligations to the Group.

PROCUREMENT OF GOODS AND SERVICES

FOZ One guarantees fair dealings with the suppliers and chooses the suppliers through a fair evaluation. No employee shall discriminate against or deceive a supplier. The decision to choose a particular supplier shall be made by reference to the price, service, quality and reputation of the supplier as considered in the context of the Group’s long-term commercial interests.