Sustainable Management

In the past, compliance was considered a given, while ethics were often undervalued in corporate operations. However, as public awareness and expectations have evolved, corporate ethics have become an essential element for sustainable growth. Today, ethical management is no longer optional—it is a fundamental requirement for a company’s long-term success.Ethical management refers to a company’s commitment not only to fulfilling its economic and legal responsibilities, but also to upholding ethical responsibilities that are expected by societal norms. It means embedding these principles into the company’s decision-making and operational practices.

In line with this global trend, we are actively implementing ethical management. To reflect on our internal practices and incorporate an objective external perspective, we established the Compliance & Ethics Oversight Committee in 2022, consisting primarily of external experts.

We have enacted a Code of Ethics to serve as the foundation for sound decision-making, conduct, and business operations among our employees. Through regular training and ethics pledges, we aim to embed ethical management into our corporate culture.

Going forward, we will continue to enhance shareholder and corporate value through ethical management, while striving to advance to a higher level of responsibility, including ESG initiatives.

CEO of OSANG HEALTHCARE Co., Ltd.

Chul Hun KANG

Pledge to Uphold the Code of Ethics

As an employee of OSANG HEALTHCARE Co., Ltd. (hereinafter referred to as the “Company”), I take pride in my role and hereby pledge to uphold the following principles in the performance of my duties:

1. I will comply with the Company’s Code of Ethics and take the lead in practicing ethical management.
2. I will strive to foster a sound organizational culture based on mutual trust, understanding, and respect among all employees.
3. I will conduct myself with dignity in both professional and personal activities, bearing in mind that I represent the Company, and I will show respect to customers, shareholders, partners, and the local community.
4. If I encounter or witness any situation that violates the Company’s Code of Ethics, I will report it in accordance with the Company’s prescribed procedures.
5. If I am uncertain about the ethical implications of any task or behavior, or if there is a potential violation of the Code of Ethics, I will consult with my supervisor or the department responsible for ethical management.

The Compliance & Ethics Oversight Committee of OSANG HEALTHCARE Co., Ltd. is an independent and autonomous body established to promote ethical management. The committee has been in operation since 2022 and consists of three external experts with professional knowledge and experience in compliance and ethics, along with one outside director.

Scope of Responsibilities

• Pre- or post-review of key resolutions made by the Board of Directors and other committees
• Prior review of transactions with stakeholders or major investment decisions; provide recommendations to the Board if necessary
• Review of proposed enactments or amendments to internal regulations for compliance with ethical standards
• Recommend the establishment of compliance and ethics policies and plans, and improvements to related systems
• Notify the Board of any identified risks of management’s breach of compliance obligations and provide opinions
• Upon discovery of a potential compliance risk, conduct investigations directly or instruct the supporting department to do so, and ensure results are reported
• Notify the Board or Audit Committee of confirmed compliance violations and request corrective measures
• Receive reports on violations of compliance and ethical obligations involving executive management
• Review appeals related to reported violations of compliance and ethics
• Deliberate and decide on major issues raised by the compliance and ethics supporting department
• Handle matters related to the protection of whistleblowers
• Address other matters deemed necessary by the Committee

Meeting Schedule

• Regular meetings: once per quarter (in principle)
• Special meetings: convened by the Chairperson as needed

Osang Healthcare Co., Ltd. receives reports of violations such as misconduct or corruption by executives and employees to uphold its commitment to ethical management.
Reports may be submitted through the Online Reporting section on the company’s official website.
Recipient: Compliance & Ethics Support Department, Osang Healthcare Co., Ltd.
Email: compliance@osanghc.com

Subjects of Report

1. Offering, receiving, proposing, or promising inappropriate benefits such as money, gifts, or entertainment
2. Improper financial dealings between employees and business partners
3. Embezzlement, breach of trust, theft, or misappropriation of company funds
4. Misconduct related to personnel matters, including promotion, hiring, and transfer
5. Unauthorized disclosure of company information or trade secrets
6. Any actions that violate relevant laws or the company’s ethical management policies

※ Reporting Principle: All reports will be handled confidentially, and whistleblowers will not be subject to any disadvantage or retaliation.

Consent to Collection and Use of Personal Information
OSANG HEALTHCARE Co., Ltd. collects and uses the following personal information when a user submits a report regarding a violation:

• Purpose of Collection/Use: To operate the reporting system, receive and investigate reports, and communicate updates
• Collected Items: Name, mobile phone number, email address
• Retention Period: Immediately destroyed after the purpose of use is fulfilled, unless extended under applicable laws

The information collected above constitutes the minimum personal data required to receive a report.
For more details on how personal data is processed, please refer to our Privacy Policy.

Important Notes When Submitting a Report

1. Please describe the matter in detail and with clarity, following the 5W1H format (who, what, when, where, why, how), and attach any supporting documents if available.
2. If the submitted information or evidence is insufficient to initiate an investigation, processing of the report may be delayed or deemed impossible.
3. By submitting a report, you are considered to have consented to the use of your personal information. Reports without the required information may not be processed.