ETHICAL CODE OF CONDUCT AND CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY OF HOUSE OF HĀNM LTD.

Introduction

At House of Hānm Ltd., we hold ourselves to the highest standards of ethical behavior and corporate social responsibility (CSR). We recognize that our business operations have wide-ranging economic, social, and environmental impacts. As such, we are committed to conducting our business in a manner that is socially responsible, environmentally sustainable, and beneficial to the communities in which we operate. This document outlines our Ethical Code of Conduct and CSR Policy, underscoring our commitment to integrity, fairness, and responsibility.

1. Scope and Application

This policy applies to all aspects of our operations and to all individuals working at House of Hānm Ltd. at all levels and grades, including directors, employees, consultants, contractors, suppliers, and any other person or entity associated with us. It serves as a directive for maintaining the highest standards of ethics and responsibility in all our business dealings.

2. Obligation to Inform

House of Hānm Ltd. commits to maintaining transparency and openness regarding this policy. It is readily available to all employees, suppliers, and partners. We also ensure that our suppliers and contractors are made aware of and understand this policy, encouraging them to align their operations and practices with its principles.

3. Legal and Ethical Standards

• Compliance with Laws: We adhere to all applicable laws and regulations in the jurisdictions where we operate. This includes, but is not limited to, employment laws, environmental regulations, and international trade practices.
• Integrity and Fairness: We conduct our business with the utmost integrity and fairness, ensuring that all business dealings are performed ethically and transparently.
• Conflicts of Interest: Employees and representatives of House of Hānm Ltd. are expected to avoid any personal or financial interests that could conflict with their duties or the interests of the company.

4. Worker Rights and Welfare

• Respect for Human Rights: We respect the human rights of our employees and workers in our supply chain, opposing any form of discrimination, harassment, or abuse.
• Fair Wages and Working Hours: We commit to compensating our employees fairly and following local laws regarding wages, working hours, overtime compensation, and benefits.
• Health and Safety: Ensuring a safe and healthy work environment for all employees is paramount. We adhere to all relevant health and safety laws and adopt best practices to prevent accidents and injuries.
• Freedom of Association: Employees have the right to freely associate, join trade unions, and engage in collective bargaining in accordance with local laws.

5. Environmental Responsibility

We are dedicated to minimizing our environmental footprint and promoting sustainability in our operations, supply chain, and products. This includes efforts to reduce waste, conserve energy and water, and source materials responsibly.

6. Community Engagement and Support

House of Hānm Ltd. is committed to being a positive force in the community. We engage in various initiatives to support local communities, including charitable donations, volunteering, and supporting local businesses.

7. Supply Chain Responsibility

We expect our suppliers and partners to adhere to the same high standards of ethical conduct and social responsibility as we do. Our procurement processes include assessments of suppliers' CSR practices, and we work collaboratively to address any areas of concern.

8. Anti-Bribery and Corruption

We maintain a zero-tolerance policy towards bribery, corruption, and any other form of unethical business practices. All employees and associates are expected to uphold this principle in all their business dealings.

9. Transparency and Accountability

House of Hānm Ltd. commits to maintaining accurate and complete records of all its business transactions. We support and encourage the reporting of any unethical behavior or breaches of this policy, ensuring that all reports are investigated thoroughly and confidentially.

10. Monitoring and Enforcement

Compliance with this policy is monitored regularly, and any violations are addressed promptly. Continuous training and awareness programs are conducted to reinforce the principles outlined in this policy.

11. Training and Awareness

To ensure understanding and compliance with this policy, we provide regular training to our employees. We also encourage open discussions about ethical conduct and social responsibility to foster a culture of integrity and accountability.

12. Child Labour and Forced Labour

House of Hānm Ltd. expressly forbids the use of child labour and forced labour in any part of our operations or supply chain. We adhere to the International Labour Organization's standards to ensure that employment is freely chosen and appropriate for the age of the workforce.

13. Sustainable Development Goals (SDGs)

Our CSR initiatives are aligned with the United Nations Sustainable Development Goals (SDGs). We commit to contributing positively to achieving these goals through responsible business practices, community engagement, and environmental stewardship.

14. Transparency and Reporting

Transparency is key to our ethical code of conduct and CSR policy. House of Hānm Ltd. will regularly report on our CSR activities, achievements, and challenges, ensuring stakeholders are informed about our progress and areas for improvement.

15. Review and Improvement

House of Hānm Ltd. will review this Ethical Code of Conduct and CSR Policy annually to ensure it remains relevant and effective. We are committed to continuous improvement and encourage feedback from employees, customers, suppliers, and other stakeholders.

Through the implementation of this Ethical Code of Conduct and CSR Policy, House of Hānm Ltd. reaffirms its dedication to conducting business responsibly, ethically, and with respect for the well-being of all individuals, communities, and the environment.