　 || Code of Ethics

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　 || Code of Ethics

　

Code of Ethics

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Namyang Dairy Co., Ltd. pledges to comply with the company's corporate ethics principles and employee behavior guidelines.

Corporate Ethics Principles

1We comply with the law and order.: We comply with the laws of all countries where we do business at Korea and abroad, respect the commercial transactions and customs of the respective countries, and strive to become an exemplary and competitive company by developing fair and transparent business activities based on the principles of the free and competitive market.

2We respect superiors, colleagues, and subordinates.: We respect superiors, colleagues, and subordinates as equal human beings, and do our best to create fair and sound colleague relationships based on smooth communication and trust.

3We respect customers, shareholders, and business partners.: We build mutual trust by clearly understanding and complying with customers' and shareholders' ethical standards. We also pursue mutual development through fair and transparent transactions with business partners.

4We maintain a clean corporate culture.: We enhance management transparency in all business activities, actively protect company assets, and maintain a clean corporate culture through work processing that strictly distinguishes between public and private matters.

Employee Code of Conduct

1We comply with the law and order.: 1.1 We comply with all laws and regulations in all domestic and international regions where we conduct business activities.; 1.2 We adhere to sound commercial order through fair competition within the industry.; 1.3 We act in ways that maintain the dignity of individuals and the company regarding social ethics.

2We respect superiors, colleagues, and subordinates.: 2.1 We treat one another fairly without unjust instructions, harm, or discrimination between executives and employees.; 2.2 We do not engage in violence/verbal abuse or sexual harassment among executives and employees.; 2.3 We do not engage in gambling, monetary transactions, gift-giving, or private organizational activities among executives and employees.

3We respect customers, shareholders, and business partners.: 3.1 We comply with the ethical standards of customers and shareholder companies and do not provide improper solicitation, gifts, or entertainment.; 3.2 We do not receive any money, gifts, entertainment, or conveniences from business partners.; 3.3 We respect business partner employees and do not make unreasonable demands or cause harm to business partners.

4We maintain a clean corporate culture.: 4.1 We transparently manage the company's financial status and business performance according to recognized accounting standards.; 4.2 We actively protect the company's assets or information and do not use or acquire them for private purposes.; 4.3 We understand and actively practice the company's ethical policies to maintain a clean corporate culture.

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