Corporate Governance-Integrity Management

持續創新改善全員追求卓越

Continuous innovation and improvement
All employees pursue excellence

Integrity Management

Stakeholders Whistleblowing System

The Company to implement Integrity Management Policy established “ Whistleblowing Policy ” to strictly prohibit any violation of ethics and business conduct. Upon discovering any threat of involvement of fraudulence, corruption, violation of LASER TEK's Standards of Business Conduct, any illegal conducts or conducts violated corporate governance by LASER TEK employees, please report to us through the following access and an exclusively dedicated office (Internal Audit) will handle it.

Whistleblowing Channels

E-Mail:whistleblower@lasertek.com.tw
Telephone: (07)8159877 #1701
Written report:

Submit a complaint written directly to Internal Audit Unit or any appropriate senior leaders or management. After receiving the Complaints, the complaint receiver shall report immediately to the chief audit executive.Address: NO.248-39, SHIN SHENG RD CHIEN ZHEN DISTRICT, 806, KAOHSIUNG, TAIWAN (R.O.C)

Notice

Employees' improper behaviors in violation of the Company's corporate governance policies.
Employees' improper conducts involved in fraudulent or corrupt matters, etc. which are in violation of “LASER TEK's Standards of Business Conduct” or any other government laws or regulations.

For those Complaints not related to the aforementioned matters (e.g. matters related to product or service, etc.), Internal Audit Unit will forward such Complaints to other responsible units or parties.
Informants might be better to provide his or her true name and contact information to facilitate internal auditor's review of evidence, investigation, response, and clarification.
The complaints details shall be comprehensive and, ideally (Must include the name, department and title of the accused), be supplemented with complete, concrete, and clear evidence.
Internal Audit Unit and investigation team shall conduct investigation without bias and in accordance with government regulations and the company's policies.
The identity of whistleblower and reporting content shall be kept confidential, and the Company is committed to protecting whistleblowers from any improper treatment due to their acts of whistleblowing.

Integrity is one of Laser Tek's core management philosophies. The company actively fulfills its responsibility for integrity management and, in accordance with the 'Listed and OTC Companies Integrity Management Best Practice Principles' and relevant laws and regulations, has established the 'Integrity Management Best Practice Principles' and 'Code of Ethical Conduct.' In addition to the board of directors and management exercising their duties prudently, employees have clear guidelines to follow in business execution, and these standards are extended to suppliers, customers, and business partners, aiming for a shared understanding of Laser Tek's emphasis on integrity. Furthermore, the Chairman's Office, together with the Legal Department, serves as the unit responsible for promoting corporate integrity management, regularly reporting operational results to the board of directors each year. In the event of any integrity issues, the situation and handling methods are consolidated and reported to the board.

Policy Communication	The company has established the 'Code of Ethical Conduct for Directors, Supervisors, and Managing Officers' and the 'Integrity Management Best Practice Principles,' both approved by the board of directors. The board and management shall act prudently and in accordance with relevant regulations when performing their duties, and the Audit Office conducts periodic audits. The company website has a 'Corporate Governance' section disclosing integrity management related information, and the company's 'Integrity Management Best Practice Principles' are also disclosed on the Market Observation Post System. The 'Code of Ethical Conduct' is established, specifying the standards employees must follow when performing their duties.
Preventive Items	根據《誠信經營守則》，共有 7 大項防範項目： Bribery and accepting bribes. Providing illegal political donations. Improper charitable donations or sponsorships. Offering or accepting unreasonable gifts, hospitality, or other improper benefits. Infringement of trade secrets, trademark rights, patent rights, copyrights, and other intellectual property rights. Engaging in unfair competition. Directly or indirectly harming the rights, health, and safety of consumers or other stakeholders during the R&D, procurement, manufacturing, provision, or sale of products and services.
Preventive Measures	To ensure the implementation of integrity management, an effective accounting system and internal control system are established, and internal auditors regularly check compliance with the system. The 'Code of Ethical Conduct' stipulates that employees must report to supervisors, managing officers, internal audit supervisors, or other appropriate personnel if they suspect or discover violations of laws, regulations, or the code. Appropriate channels are provided for employees and others to offer suggestions for improvement regarding dishonest conduct, and the company keeps abreast of domestic and international developments in integrity management as a basis for reviewing and improving its integrity principles. A whistleblower mailbox and reward system are established, with the Audit Office handling related matters according to prescribed procedures to actively prevent dishonest conduct. Comply with the Company Act, Securities and Exchange Act, Business Accounting Act, relevant listing regulations, or other business conduct laws as the foundation for implementing integrity management. The 'Procedures for the Prevention of Insider Trading' are established to prevent insiders from using inside information for illegal transactions. Suppliers are also required to comply; suppliers must sign a 'Clean Commitment Statement.' For suppliers, customers, and business partners involved in dishonest conduct, follow relevant regulations for subsequent handling.
Education and Training	The core values and related content of integrity management are promoted and emphasized in various meetings, and internal training strengthens the importance of integrity management principles. In 2023, a legal and ethical course on the Personal Data Protection Act and trade secrets was held for management, with 24 participants and a total of 48 training hours to ensure the implementation of integrity management. Legal department colleagues are arranged to participate in external training courses to keep up-to-date with the latest information and details on regulatory amendments and compliance. A total of 13 courses were taken this year, covering trade secrets, copyright, personal data protection, labor laws, etc.

Compliance Effectiveness

Compliance with laws and regulations is one of the key items for Laser Tek to enhance corporate governance performance and further shape a good corporate culture. The company establishes internal regulations with reference to highly relevant laws and regulations, and the management team continuously monitors and identifies the latest or any domestic and foreign policies and laws that may affect the company's finance and business. A compliance procedure is established, and the legal department consolidates and reviews the compliance status.

Laser Tek 2023 Compliance Status

Governance/Economic Aspect	Complied with the Fair Trade Act, with no involvement in anti-competitive behavior regulations in 2023. No incidents of corruption or insider trading occurred in 2023. No violations of product and service health, safety, or information labeling regulations. No violations of marketing communication regulations.
Environmental Aspect	No violations of environmental protection laws such as the Air Pollution Control Act, Water Pollution Control Act, Waste Disposal Act, or Toxic and Concerned Chemical Substances Control Act in 2023. No major penalties were imposed due to violations.
Social Aspect	No complaints regarding infringement of customer privacy or customer data. No human rights-related complaints have been filed, are being processed, or have been resolved. No major penalties were imposed for violations of occupational safety and health regulations. No incidents of sexual harassment or discrimination occurred.