Ethical Corporat Management
"Honesty and Innovation" serves as the foundation of our operational ethos, dedicated to advancing corporate governance with elevated ethical standards, and upholding the principles of fairness, honesty, trustworthiness, and transparency in all business endeavors.
To embody the spirit of ethical management, Wafer Works has established the "Ethical Corporate Management Best Practice Principles," "Procedures for Ethical Management and Guidelines for Conduct," and "Procedures for Handling Material Inside Information and Preventing Insider Trading," which have been approved by the Board of Directors. These guidelines regulate the behavior of board members and company employees. Furthermore, in alignment with the principles advocated by the Responsible Business Alliance (RBA), Wafer Works has implemented the "Code of Ethical Business Conduct" to promote ethical behavior among all employees. This initiative seeks to standardize behavior during business operations, emphasizing the importance of professional competence and ethical judgment in protecting the Company's assets, interests, and reputation.
To ensure that daily operations meet high ethical standards, Wafer Works has established basic conduct guidelines for directors, managers, general employees, and business partners while performing their duties, including the "Code of Ethical Business Conduct" and "RBA Code of Conduct Identification and Management Guidelines." Commitment to these standards includes: (1) Ethical principles; (2) Respect for individuals and customers; (3) Avoidance of conflicts of interest; (4) Gifts and business hospitality; (5) Facilitation payment; (6) Provision of complete, proper, accurate, timely, and understandable information disclosure; (7) Reporting, protection, and immunity; and (8) Corporate social responsibility. We advocate for a culture of integrity and, in the face of various challenges in industry competition, are obligated to collectively uphold the Company's reputation to earn the respect and trust of customers, suppliers, and the industry, ensuring the sustainable operation and development of Wafer Works. In 2024, a "Wafer Works Supplier Code of Conduct Compliance Statement" was issued to critical and important suppliers, with a signing and returning rate of 99%. Looking ahead to 2025, Wafer Works Corporation will remain committed to working with key and critical suppliers to ensure the ongoing execution of the "Supplier Code of Conduct Compliance Declaration." Wafer Works adheres to the principles of integrity and pragmatism, complying with government laws and regulations, and is committed to abiding by government social and economic policies, fulfilling its corporate social responsibility. During the reporting period, Wafer Works did not incur any fines for violations of environmental, social, or product (or service) regulations, nor did it face any antitrust or anti-monopolistic lawsuits.
Wafer Works regularly conducts educational training and awareness programs to ensure that employees fully understand the Company's commitment to ethical operations, policies, preventive measures, and the consequences of unethical behavior. We uphold a positive pursuit and quality assurance, aspiring to innovate for the future and sustain operations based on these principles.
At Wafer Works, we respect the diversity of employee backgrounds and abilities, striving for balanced development in employees' work and life quality. In human resources management, we balance institutionalization with humanization, treating all employees fairly and justly. We establish mutual trust and open communication channels, providing a work environment free from any discrimination or unequal treatment, enabling employees to contribute their best and become important long-term partners. Wafer Works provides a complaint process (as shown in the diagram below) for handling relevant issues, and there were no incidents of discrimination this year.
Anti-corruption System
Wafer Works Corporation adheres to the Code of Ethical Conduct and the RBA Code of Business Ethics. In accordance with the “RBA Risk Assessment Management Guidelines,” the Company conducts anti-corruption risk assessments for directors, supervisors, managers, and employees. Based on the “RBA Code of Business Ethics,” the Company regularly conducts training and awareness sessions. In 2024, RBA and ethical business (anti-corruption and insider trading prevention) training courses were held, with 100% Board member participation rate and a total of 1,108 employee participants. These trainings aim to ensure that the governance units and all employees understand the Company's commitment to ethical business practices, related policies, preventive measures, and consequences of misconduct. “Integrity First” is the core business philosophy of Wafer Works Corporation. All directors and employees at job grade 9 and above signed the Anti-Corruption Commitment Declaration, with a 100% completion rate, demonstrating the Company's strong anti-corruption stance. In 2024, corruption risk assessments were
conducted at the Longtan and Yangmei sites, and no corruption risks were identified. There were no corruption incidents or complaints of suspected corruption reported throughout the year.
