Ethical Management

Code of Ethics and Conduct

Rapigen Inc., is committed to continuous innovation in technology and strives to provide the highest quality and service, adhering to the entrepreneurial spirit of "no compromise on quality" from technology innovation to customer satisfaction. All employees unite and work together with a commitment to customer-centric management, considering it as the highest priority value. We aim to grow into a leading company in the in vitro diagnostics industry through transparent and fair corporate management. We hereby establish "Rapigen's Code of Ethics and Conduct" to serve as the standard for the conduct and values of our employees, pledging to uphold and practice it to the best of our ability.
  • 01We prioritize customer satisfaction as our top value and sincerely collaborate with stakeholders such as customers, shareholders, competitors, and partner companies to coexist and prosper together.
  • 02We adhere to laws and social norms in all social activities, including economic activities, and faithfully fulfill rights and obligations as responsible corporate citizens, respecting the order of the market economy.
  • 03We strive to do our best in our assigned duties with honesty and sincerity, creating an organizational culture based on human relationships that respect and consider others, and fostering labor-management cooperation.
  • 04By encapsulating the passion of all employees, we contribute to the value of human happiness by developing and providing human-friendly life science products.

Chapter 1. General Provisions

Article 1 (Purpose of Establishment)

  • This Code of Ethics and Conduct (hereinafter referred to as the "Code") is established with the purpose of setting standards for ethical judgment and conduct that all of the employees in Rapigen Inc., (hereinafter referred to as the "Company") must adhere to, in accordance with Article 8 of the law on the establishment and operation of the Anti-Corruption and Civil Rights Commission, for the prevention of corruption and the cultivation of a clean organizational culture.

Article 2 (Applicability)

  • ① The Code of Ethics and Conduct applies to all employees of the Company, including permanent, temporary, and agency workers.
  • ② All employees of the Company to whom the Code of Ethics and Conduct applies must comply with the laws of their respective countries and perform their duties in accordance with this Code of Ethics and Practice norms. Furthermore, they should encourage all stakeholders in business relationships with the Company to respect this Code of Ethics and Practice norms.
  • ③ The Company to which the Code of Ethics and Conduct applies must perform its duties in accordance with regulations, policies, guidelines, etc., based on this Code of Ethics and Conduct.
  • ④ In case of conflicts between the Code of Ethics and Conduct, related regulations, policies, guidelines, etc., and the laws of the local country, stricter regulations take precedence. The Company may revise this Code of Ethics and Conduct, taking into account the legal requirements and industry characteristics of the country where it is applied, and may establish separate detailed policies if necessary.

Article 3 (Definition of Terms)

  • The term " money and valuables " refers to any of the following in each subparagraph:
  • ① Monetary funds, securities, real estate, goods, accommodation vouchers, membership cards, admission tickets, discount tickets, invitation tickets, viewing tickets, usage rights to real estate, and any other economic benefits, tangible or intangible.
  • ② Entertainment such as food, beverages, golf, or the provision of conveniences such as transportation and accommodation.
  • ③ Debt exemption, employment opportunities, grant of rights, and other types of tangible or intangible economic benefits.

Chapter 2. Shareholder Rights Protection

Article 4 (Protection of Shareholders' Rights)

  • ① The company protects the rights of shareholders and respects their legitimate demands and proposals.
  • ② The company actively discloses management information to build mutual trust with shareholders and investors, and strives to maximize shareholder interests.
  • ③ The company provides shareholders with sufficient information about the date, place, and agenda of the general meeting well in advance.
  • ④ Resolutions of the general meeting are conducted transparently and fairly, and the company sincerely responds to questions regarding the company.

Article 5 (Equal Treatment)

  • ① The company treats all shareholders, including minority shareholders, fairly and equally.
  • ② The company always considers the interests of all shareholders when making management decisions, ensuring that the interests or rights of minority shareholders are not unfairly infringed upon.

Article 6 (Proactive Information Provision)

  • ① The company records and manages financial statements in accordance with generally accepted accounting principles to transparently provide financial status and operational performance.
  • ② The company timely provides accurate management information in accordance with relevant regulations, allowing information users, including investors, to make informed investment decisions.

Chapter 3. Realization of Customer Value

Article 7 (Respect for Customers)

  • ① The company always listens to the opinions of customers and prioritizes customer satisfaction as the foremost criterion in all judgments and actions.
  • ② The company takes necessary measures to ensure that customers are not unfairly restricted from using products and services based on gender, age, disability, language, etc.

Article 8 (Fulfillment of Agreements with Customers)

  • ① The company strictly adheres to promises made to customers and always speaks the truth.
  • ② In case of problems arising in basic sales activities such as telephone responses, on-site consultations, delivery, and customer complaints, the company actively addresses them to minimize customer inconvenience.

Article 9 (Providing Value to Customers' Needs)

  • ① The company strives to create value that customers need, recognizing that the development of customers is equivalent to the company's development.
  • ② The company provides high-quality products and services tailored to customer demands at reasonable prices, responding promptly and accurately to legitimate customer requests.

Article 10 (Protection of Customer Interests)

  • ① The company promptly responds and takes action if customers request reasonable exchanges or returns.
  • ② The company refrains from engaging in unethical practices within customer relationships and does not use or disclose customer-related information to third parties without the customer's prior consent.

Chapter 4. Business Practices Compliance

Article 11 (Compliance with Laws and Business Customs)

  • ① The company does not engage in actions that violate domestic and international trade laws.
  • ② Employees traveling abroad or residing abroad for the company must make efforts to comply with local regulations and business customs.
  • ③ The company complies with international agreements on bribery prevention and other international agreements related to investment and trade, contributing to local economic development by respecting local laws and culture.

Article 12 (Respect for Free Competition)

  • ① The company practices fair competition based on mutual respect with competitors and refrains from infringing on competitors' interests or unfairly exploiting weaknesses.
  • ② The company does not engage in disparaging competitors or baseless comparisons through advertising.
  • ③ The company acquires and utilizes information through legal and fair means, respecting the principles of laws and business customs, and refrains from unfairly disclosing information externally, even if it is competitor information.

Chapter 5. Fair Trade Practices

Article 13 (Fair Transactions)

  • ① The company ensures that all transactions take place fairly on an equal footing, with sufficient mutual discussion about terms and procedures, and any changes to transaction conditions are decided through mutual consultation with the cooperating company.
  • ② The company focuses on ensuring fairness when evaluating cooperating companies and applying objective criteria in assessments.
  • ③ The company refrains from engaging in actions that may hinder fair competition, such as abusing dominant market positions or exploiting trading positions, and does not engage in unfair trades that may hinder fair competition.

Article 14 (Prohibition of Unfair Practices)

  • ① The company provides clear notification of reasons and dates when discontinuing transactions with fixed cooperating companies and guarantees objectivity and validity.
  • ② The company ensures fairness by preventing unilateral judgments based on unfair methods.
  • ③ The company does not accept benefits such as money or conveniences from cooperating companies by taking advantage of its superior position in business relationships.

Article 15 (Mutual Development Pursuit)

  • ① The company actively works towards creating a transparent business environment through fair and reasonable transaction relationships.
  • ② The company actively supports the growth of cooperating companies to have competitive capabilities in the long term, sharing the profits generated based on this support.

Chapter 6. Ethical Policies

Article 16 (Basic Ethics)

  • ① Employees of the company have pride and self-esteem, always maintaining an honest and sincere attitude.
  • ② Employees foster efficient achievement of the company's goals and values through active cooperation and smooth communication between colleagues and relevant departments.
  • ③ The distinction between personal and company property is strictly maintained, and personal use of company items or expenses is avoided.
  • ④ In the occurrence of a celebratory event, employees notify cooperating companies in advance, refraining from actions that burden the other party without consent.
  • ⑤ Employees recognize changing situations and cultivate the ability to lead the company forward.
  • ⑥ The company provides a safe and healthy working environment for its employees and its partners.
  • ⑦ Efforts are made to prevent the leakage of customer and internal information, and genuine software is purchased for computing-related purposes.
  • ⑧ Company resources are used efficiently and not wasted during working tasks.

Article 17 (Fair Business Performance)

  • ① All tasks must be performed fairly and honestly, and avoid actions that violate laws, regulations, and business customs.
  • ② No form of economic benefit that may undermine fairness in business is accepted by stakeholders.
  • ③ Unethical actions that are not socially acceptable in business and daily life are avoided.
  • ④ Superiors cannot give subordinates work instructions that do not conform to laws, regulations, and business customs, and subordinates can refuse to perform tasks that violate these rules without facing disadvantages.

Article 18 (Prohibition of Monetary Transactions, Requests, and Gift Giving)

  • ① Monetary lending, joint guarantees, and mutual guarantees between employees are generally prohibited.
  • ② Unreasonable requests for business-related favors or the receipt of any form of economic benefit in exchange for such requests are strictly prohibited.
  • ③ Mutual gift-giving between employees is generally prohibited. However, exceptions include gifts voluntarily provided by supervisors to subordinates or gifts exchanged between department members on birthdays or special occasions.

Article 19 (Prevention of Workplace Harassment)

  • ① Intentional or unnecessary physical contact causing discomfort must be avoided.
  • ② Sexual comments or evaluations about the body of a workplace colleague must not be made.
  • ③ Actions that induce sexual embarrassment or emphasize fixed gender roles are prohibited.
  • ④ Employees are not forced to drink alcohol or dance at company gatherings, and inappropriate language is refrained from.
  • ⑤ Internet pornography or other explicit materials are not viewed in the workplace.

Article 20 (Mutual Respect)

  • ① Basic courtesy necessary for workplace life is observed.
  • ② Offensive language or derogatory remarks about others must be avoided.
  • ③ Actions causing distress or hatred towards others must be avoided.
  • ④ Creating factions or discriminating against individuals based on school, gender, religion, blood relation, place of origin, disability, nationality, race, etc., is prohibited.

Chapter 7. Talent Development & Compensation

Article 21 (Respect for Employees and Talent Development)

  • ① The company establishes systems that allow employees to perform their duties with pride and satisfaction based on a sense of ownership.
  • ② The company provides opportunities for all employees to receive the necessary education, and employees share the knowledge they acquire for the development of the company.
  • ③ Supervisors consider the aptitude and talents of subordinates in terms of talent development, offering all necessary advice and guidance.
  • ④ Personal privacy is respected, and efforts are made to build a corporate culture based on mutual trust and understanding.
  • ⑤ Conditions conducive to employees performing creative tasks are created, and efforts are made to identify and resolve issues regularly.

Article 22 (Fair Treatment)

  • ① Fair work opportunities are provided to employees based on aptitude and talents.
  • ② Employees are evaluated and rewarded based on objective criteria according to their abilities and achievements.
  • ③ Equal opportunities for improving employee skills are provided, without discrimination based on school, gender, religion, blood relation, place of origin, disability, nationality, race, etc.

Chapter 8. Company Activities

Article 23 (Sound Corporate Activities)

  • ① The company rejects any actions that hinder sound corporate activities.
  • ② The company does not engage in activities related to harmful to the national economy or create a sense of the discomfort in the public sentiment.

Article 24 (Contribution to National Development and Local Community through Employment, Taxation, and Welfare Programs)

  • ① Contribute to national development through job creation and faithful payment of taxes, fulfilling corporate citizenship responsibilities through education, culture, and welfare programs.
  • ② Encourage and support employees' active participation in healthy social volunteer activities.
  • ③ Strive to understand and address the legitimate demands of various social strata and local residents.

Article 25 (Environmental Protection and Development of Environmentally Friendly Products)

  • ① Minimize the emission of environmental pollutants and prioritize immediate handling to prevent damage to the local community in case of accidents.
  • ② Adhere to all relevant regulations related to environmental protection and make efforts to develop environmentally friendly products and services.
  • ③ Actively participate in local community environmental conservation activities.

Article 26 (Prohibition of Political Activities and Illegal Support in the Workplace)

  • ① Political activities within the workplace are prohibited.
  • ② The company shall not engage in illegal support for candidates or political parties in any elections.

Article 27 (Compliance with Employee Code of Ethics)

  • ① Executives and managers are responsible for managing employees to comply with the code of ethics.
  • ② Thoroughly investigate and prevent the recurrence of violations of ethical policies and behavioral guidelines through education.
  • ③ All employees must sincerely adhere to the code of ethics, and any violations will result in disciplinary measures.
  • ④ If pressured or aware of violations, employees should report to their department head, executive, or Human Resources through email and address concerns through consultation before taking action.

Chapter 9. Supplementary Policies

Article 28 (Protection of Human Rights)

  • The company protects and secures internationally declared human rights, actively taking measures to identify and prevent risks of human rights violations that may arise during business activities.

Article 29 (Prohibition of Child Labor and Forced Labor)

  • Respect and guarantee the three labor rights (Right to independent association, Right to collective bargaining, Right to collective actor.) stipulated in the constitution and comply with ILO conventions, specifically Convention No. 29 (Forced Labor), No. 105 (Abolition of Forced Labor), and No. 182 (Elimination of the Worst Forms of Child Labor).

Article 30 (Education)

  • ① Establish and implement an education plan for employees to comply with this code of conduct, recording and managing the results.
  • ② Conduct the education mentioned in paragraph 1 at least once a year, and for new employees, provide education upon initial appointment.
  • ③ The education specified in paragraph 1 should include all items in this code of conduct.

Article 31 (Management Review)

  • ① Actively support and manage the implementation of this ethical policy and code of conduct by employees and relevant stakeholders.
  • ② Establish appropriate organizational and reporting systems for the prevention of ethical risks and audits, clearly defining responsibilities and roles.
  • ③ Continuously monitor ethical risks and establish a system for periodic audits.
  • ④ Establish a 24-hour accessible reporting system and introduce appropriate internal control systems such as regular or irregular audits.
  • ⑤ Ensure that internal whistleblowers are not subject to unfair treatment, discrimination, or retaliation, implementing necessary measures.
  • ⑥ Immediately implement necessary measures in accordance with regulations in case of violations.
  • ⑦ Select an appropriate method for preventing the recurrence of violations and disclose relevant information.

Article 32 (Audit)

  • ① The company establishes an audit committee for internal audits and appoints qualified individuals as audit committee members.
    • A) Individuals with no significant relationship with the company, capable of independent decision-making from executives and shareholders.
    • B) Individuals with professional opinions on audit tasks.
  • ② The company appoints external auditors capable of independent decision-making from executives and shareholders for external audits.
  • ③ The company communicates regularly with the audit committee and external auditors, addressing and improving issues.