Code of Conduct

1. Compliance with laws and social norms

We will comply with laws, regulations, and social norms, and conduct our business in accordance with our corporate philosophy.

1. We will fully study, understand, and comply with laws and guidelines in countries and regions related to our business, act in accordance with social norms, and be sincere in order to earn trust from all stakeholders.

2. Ensuring the safety, security, and quality of products and services

We will provide our customers with safe, secure, and high-quality products and services.

1. We will strive to provide safe, secure, and high-quality products and services in order to be highly trusted by our customers and to satisfy them.
2. We take customer feedback seriously and strive to incorporate it into our corporate activities.
3. We will carry out responsible marketing communication from a customers’ viewpoint in compliance with laws, regulations and the like.

3. Respect for our employees

We will respect diversity, personality, and individuality of the employees we work with, and create a comfortable working environment that considers their health and safety.

1. We will respect human rights and comply with labor-related laws and regulations.
2. WWe will strive to create an environment in which employees can work with enthusiasm and develop their abilities, respect diversity, personality, and individuality.
3. We will create and maintain a comfortable working environment that considers the health and safety of our employees.

4. Building fair relationships

We will ensure fair and free competition in all countries and regions and will not conduct unfair competition.

In addition, we will not commit any act of bribery or corruption.

1. We will conduct appropriate and responsible transactions and will not gain improper or unfair profits, whether directly or indirectly.
2. We will maintain a sound relationship with politics and administration in all countries and regions, and will not provide or offer illegal money or other benefits, any facilitation payment or other bribe, or any entertainment or gift that deviates from social norms to government officials or other business operators for the purpose of gaining unfair profits.
3. We will comply with laws and regulations for prevention of bribery in all countries and regions, and will not conduct any act of corruption such as embezzlement, extortion and bid rigging for the purpose of gaining unfair profits.

5. Conservation and protection of the global environment

We will work to preserve and protect the global environment and strive to build a sustainable society.

1. To maintain a sustainable society, we will build good networks with producers and business partners in the fields of fisheries and agriculture, use limited resources with care, and strive to enable people to benefit from a richer natural environment.

6. Implementation of timely and fair information disclosure

We will strive to disclose corporate information to shareholders and investors in a timely and fair manner.

1. To fulfill corporate accountability, we will collect information accurately and fairly, disclose it to all stakeholders in a timely, appropriate, and fair manner, and strive to enhance management transparency.

7. Establishment and maintenance of compliance system

We will establish and maintain a necessary and sufficient compliance system to comply with all laws and regulations.

1. To conduct sound corporate management, we will execute the Compliance Policy and our internal rules for the F&LC Group established based on the Policy (hereinafter collectively referred to as “the Policy and Rules”).
2. Through education and training, we will continuously disseminate the Policy and Rules and strive to ensure that they are thoroughly implemented.
3. All persons working for the F&LC Group shall not overlook any conduct in breach of the Policy and Rules, such as violations of laws or inappropriate conduct, in connection with our business, and shall notify or consult with their companies or the whistle-blowing hotline. In addition, we will protect whistleblowers and will not disadvantage them.
4. In the event where any conduct or situation that violates or may possibly violate the Policy and Rules is discovered, the F&LC Group will immediately take corrective measures to resolve it.
5. The Sustainability Committee will regularly review the Code of Conduct in terms of its content and effectiveness and report the findings to the Board of Directors to receive its supervision.

This policy will be established and revised upon the approval and resolution of the Board of Directors.
Established on October 25, 2022
Revised on October 24, 2024