MODINE ONEGENE Co., Ltd. respects legal, customary, cultural, and socially recognized values; contributes to social development through reasonable business activities; and contributes to community development through voluntary community service.

1) Maintain a sincere attitude with and keep our promises with customers.
2) Respect customer opinions and provide the best quality and service at a reasonable price.
3) Do not engage in activities or immoral behavior that do harm to the interests of our customers.

1) Ensure efficient and reasonable investment and management by establishing a risk management system and internal control system.
2) Establish a responsible management system to ensure the trust of shareholders and to listen to shareholder voices when making key management decisions.

1) Respect our competitors' legitimate rights and view competition as an opportunity for mutual development.
2) Ensure that we acquire all competitive advantages in legitimate ways that do not slander competitors or abuse weaknesses.
3) Make all transactions fairly and with mutual equality. Transaction conditions and procedures are discussed fully in advance.
4) Make all transactions with partner companies in accordance with principles of fair competition and equal participation opportunities.
5) Register and select all suppliers in a transparent and professional manner in accordance with objective and impartial examination criteria (product, service, price, reliability).

• 1) Basic ethics
  • a) Employees have high ethical values and will maintain the dignity of the individual and the honor of the company.
  • b) Employees understand and will faithfully observe the contents of the company's policies and regulations.
  • c) Accomplish company policies through regular self-development to become and remain a talented person of a company that meets the era of rapidly changing diversity.
• 2) Code of Ethics Violation
  • ① Acts that defame the company
    • Excessive privacy outside of company duties which may affect company business or cause the company to lose its honor.
    • Defame the company's reputation due to poor work, whether or not the act is known.
    • Defame the company's reputation by intimidating and punishing stakeholders.
  • ② Acts that inhibit unity
    • Promote unfamiliarity in the organization, such as the creation and dissemination of improper testimonies, or hurting the environment .
    • Supervisors provide work orders that are in violation of laws, regulations, and company policies, or that fail to promote employee education and guidance.
    • Supervisors do not act courteously to employees or employees do not act courteously to supervisors.
    • Discriminate against peers, customers, or suppliers for reasons such as academic background, gender, religion, region, age, disability, and race .
  • ③ Acts of unfair treatment
    • Receive any form of monetary benefit or perform in any way that may interfere with the fairness of the job.
    • Joint investments with stakeholders or the acquisition of common property,
    • Doing business with the purpose of giving profit or disadvantage to a particular stakeholder or to cause damage to the company by failing to fulfill the duty of good managerial care.
    • Waste company assets through the acquisition of excessive assets and the acquisition of insolvent assets.
    • Use or export the company's facilities, equipment, or other goods for private purposes.
    • Interrupt or use public funds.
  • ④ Unauthorized disclosure of company Information
    • Unauthorized disclosure of internal company information such as company confidential or business information.
    • Benefiting personal interests by using information acquired in the course of business.

1) Evaluate and apply fair standards according to the abilities and achievements of employees, and exclude discrimination based on academic background, gender, religion, region, age, disability, and race.
2) Create a system and organizational culture that respects confidential suggestions from employees and a work environment that provides employees with rewards and a sense of ownership.
3) Actively support and create conditions for fostering employees as autonomous and creative professionals.

This Code of Ethics is effective July 1, 2014.

This Code of Ethics applies to stakeholders in the company, employees, partners, and persons in trading relationships.

Any questions or conflicts related to this Code of Ethics should be provided to the Ethics Committee for advice and resolution.

The Code of Ethics, which forms the basis of ethical management practices, takes precedence over other regulations in the company.