CODE OF ETHICS ON BUSINESS CONDUCT

The Company adopted its Code of Ethics on Business Conduct (the “Code”) in 2014. The Code serves as a guide and a reference for the Company’s employees and management on how to carry out their duties effectively, lawfully and safely.

CODE OF CONDUCT AND CORPORATE CULTURE

The core values underpinning the Code are: Integrity, Respect for People and the Environment, and Continuous Improvement. The articles of the Code provide guidance for employees on fulfilling their work responsibilities and interacting with others effectively, safely, lawfully and with integrity. The Code applies equally and without exception to all employees and all levels of management, including the members of the Board of Directors and the Board of Commissioners. Every employee of the ANJ Group is required to pledge to uphold the Code; our investors, stakeholders and business partners are also required to make such a commitment where relevant. The Code was formally adopted in January 2014, and has been disseminated to all employees. Since October 2017, the Code has been an integral part of our Management Trainee program curriculum as well as the induction program provided for all new employees, and is embedded into the learning and development curriculum at our ANJ Learning Center. 

ANJ’S CODE OF ETHICS ON BUSINESS CONDUCT COVERS:

• Corporate Values; 

• Compliance with Laws and Regulations; 

• Workplace safety, health and the environment; 

• Work relations, including professionalism, fairness and the separation of personal and corporate interests; 

• Relationships with suppliers and customers, including responsibility for product quality; 

• Relations with the government; 

• Conflicts of interest; 

• Use and maintenance of company property; 

• Company information and financial disclosure; 

• Relationships with investors and the media; and 

• Insider trading. 

The Code is reviewed regularly and periodically updated to ensure that it remains aligned with the growth of our business, our strategic objectives and developments in our external environment. 

BREACHES OF THE CODE OF ETHICS AND SANCTIONS IMPOSED IN 2023

The following Code violations were substantiated in 2023: 

1. Fraud. 

2. Grievance. 

With regard to the violations above, the Company imposed the following sanctions: 

1. Warning letter. 

2. Termination of employment. 

Critical Concerns Reported in 2023

EMPLOYEE EVALUATION POLICY INTEGRATED WITH COMPIALNCE TO THE CODE OF THE COMPANY

ANJ is committed to realizing the values of the Code for its customers, suppliers and shareholders by producing good quality and beneficial products for its consumers. We fulfill this commitment by consistently implementing the Code standards. We have integrated compliance with the Code of the Company into the annual employee evaluation process. This policy aims to ensure that every employee not only meets the expected performance standards but also adheres to the values and ethical principles that underpin the Company's operations.

During the annual performance evaluation, employees will be assessed based on several key criteria, including job performance, contribution to the team, and compliance with the Code of the Company. This compliance encompasses integrity in performing duties, transparency in communication, and the courage to report actions that potentially violate the code of ethics. Employees who consistently demonstrate ethical behavior and the courage to speak the truth will receive appropriate recognition and rewards.

According to company regulations, if an employee breaches the Code and company regulations, the employee may be sanctioned with a warning letter. These breaches will result in a reduction in the awarding of achievement, productivity or bonuses as detailed below:

The enforcement of these sanctions aims to maintain discipline and ensure that all employees adhere to the established ethical standards.

We believe that by integrating compliance with the Code into the employee evaluation process, we can build a stronger, more transparent, and integrity-driven work culture. This will not only enhance the company's reputation but also create a more positive and productive work environment for all employees.