CR Land Code of Business Ethics
1 Purpose
1.1 China Resources Land Limited (“CR Land” or the “Company”) is committed to taking integrity as its business foundation and upholding the legal and moral bottom line to safeguard the legitimate rights of relevant parties and build simple interpersonal relationships. Following business ethics and building a sound business ecosystem are solid foundations for CR Land’s long-term sustainable development. We formulate and issue this Policy to specify the bottom line that must be observed in commercial activities and CR Land’s spirit and values that employees must practice in conducting commercial activities. It aims to lay a solid governance foundation for sustainable development and establish cooperation with partners based on mutual respect, mutual trust, and fair trading.
1.2 This Policy is applicable to CR Land and its major regions, business divisions, and specialized companies. All business partners, including partners, associated companies, contractors, and suppliers, are encouraged to comply with this Policy.
2 Anti-Monopoly and Anti-Unfair Competition
2.1 Abide by the Anti-Monopoly Law and the Anti-Unfair Competition Law, and earnestly meet the requirements of fair trade, integrity and compliance. Ensure that monopoly, bribery, fraud, unfair competition and other acts do not exist in the Company’s operations.
2.2 Compete with competitors in the market through fair trade in compliant ways. Prohibit any act of unfair competition that violates business ethics, disrupts market order or abuses dominant market position, such as participating in manipulating market prices, bribing for trading opportunities or competitive advantages, obtaining or exchanging trade secrets and sensitive information that affect fair competition, or restricting or threatening customers or suppliers.
2.3 Prohibit for reaching agreements with competitors to fix or change the prices of a commodity or divide a sales market, or abuse its dominant market position by refusing or restricting transactions without justified reasons, or adding unreasonable trading conditions without justified reasons, or violating the relevant anti-monopoly laws and regulations by acquiring shares and assets of other operators or obtaining control over other competitors through contracts or other methods.
2.4 Strengthen risk monitoring and internal control review, as well as internal and external publicity training on anti-monopoly and anti-unfair competition to enhance the anti-unfair competition and anti-monopoly awareness of Company and employees, improve the overall level of risk prevention and control, and build a solid foundation for fair operations.
3 Anti-Bribery and Anti-Corruption
3.1 Abide by applicable laws and regulations, and adhere to anti-corruption. Prohibit all employees or directors from engaging in any form of corrupt act and abide by the Code of Honest Practices to build an “Integrity Land”.
3.2 Formulate the Anti-Corruption Policy that covers suppliers and contractors to specify contents, such as anti-bribery and anti-corruption.
4 Anti-Money Laundering
4.1 Abide by the Anti-Money Laundering Law and other applicable laws and regulations regarding anti-money laundering. Prohibit for participating in money laundering or assisting others in money laundering, or obstructing official investigations in any way, or covering up money laundering and other acts such as concealment, underreporting, and false reporting.
4.2 Encourage and advocate employees to report abnormal transactions or suspected money laundering acts they found in a timely manner and assist law enforcement agencies in cracking down on money laundering.
5 Data and Privacy Security
5.1 Comply with applicable laws and regulations concerning privacy and personal information protection and uphold business ethics and contract spirit to properly protect data and privacy security.
5.2 Attach great importance to protecting customer information throughout its lifecycle. Strictly implement the regulatory and mandatory requirements such as the CRM Customer Information Access Management Regulation, and the Confidentiality Rule in the CR Land Employee Handbook, to standardize the safe management and use of data and privacy.
5.3 The Company shall assign dedicated personnel to manage employees’ personal history, family information, salary information, health information, and other information in the recruitment, assessment, salary, and other links, and strictly maintain confidentiality to ensure employees’ privacy rights. The annual comprehensive evaluation should be conducted in performance meetings, talent meetings and other forms. The results of various evaluations should be presented as group results, and the answers given by individual employees must be kept strictly confidential.
6 IPRs Protection
6.1 Attach great importance to protecting and managing intellectual property rights (IPRs), and carry out measures such as trademark registration, software copyright registration, patent application, litigation and rights protection to defend rights. While safeguarding our own legitimate rights and interests, we fully respect the intellectual property rights of our partners and resist all acts of infringement.
6.2 Formulate the CR Land Regulations on IP Management to specify the content for ensuring that the intellectual property rights of itself and others are respected and protected.
7 Letters & Visits and Reporting Management
7.1 Formulate the Reporting Policy and other relevant management regulations on letters & visits, and reporting. Establish the working mechanism of letters & visits and reporting, and resolve conflicts and disputes in a timely manner, in accordance with the relevant laws and administrative regulations.
7.2 Establish and publicize reporting channels, encourage insiders and outsiders (employees, customers, suppliers and contractors and other partners, government and regulatory units) to make complaints and reports against CR Land’s companies, departments and employees at all levels for violations of integrity, unfair competition, abuse of power and other violations of the code of business ethics.
7.3 Reporting Channels
Reporting Hotline: 0755-22191515
Reporting Mailbox: lianjie@crland.com.cn
7.4 Encourage real-name reporting and strictly keep the personal information of the informant and the report content confidential. Set access to the report information. Prohibit for disclosing relevant information to the person who has been reported and irrelevant personnel, or threats, attacks and retaliations against informants. The Company shall provide legal support and protection to informants when necessary.