Governing the enterprise according to law and operating in compliance are the core values of Sinochem Holding's compliance management. To implement company’s business philosophy and continuously to build a compliant central enterprise under the rule of law and stick to the principle of integrity, Sinochem Holdings formulated the Sinochem Compliance Obligation Convention and Integrity and Compliance Manual. It also launched a campaign among all staff to sign the Sinochem Compliance Responsibility Agreement to fulfill the compliance philosophy that “compliance shall start from the top while all staff shall take the initiative to comply, stay above the bottom line of compliance risks, and create value by making practical compliance efforts”.
The Sinochem Compliance Obligation Convention contains sixteen provisions which stipulate compliance obligations for the company and its employees, for example to comply with management obligations prescribed by law and statutory obligation of tax payment, etc. These provisions manifest the bottom line of Sinochem Holdings’ compliant business operation in a comprehensive, summary and concise fashion. The Integrity and Compliance Manual instructs employees to undertake their duties in a disciplined and ethical manner, and help the company and employees carry out various operation and management activities in accordance with the laws and regulations.
Sinochem Compliance Obligation Convention is the foundation of Sinochem Holding’s sustainable development, Integrity and Compliance Manual provides fundamental guidelines for employees’ behavior, and Sinochem Compliance Responsibility Agreement is the solemn commitment undertaken by company’s management team and staff at all levels. Through establishing and improving the company’s compliance management system, Sinochem Holdings will standardize its corporate operations and management, enhance the ability of law-based management, prevent major legal compliance risks, ensure legal compliance operation, maintain and enhance the good reputation and brand value, and help the company grow into a world-class enterprise with global competitiveness.
IUphold Laws and Disciplines, Maintain Reputation, and Fulfill Promises
IIComply with Management Obligations Prescribed by Law
IIIComply with Statutory Obligation of Tax Payment
IVComply with Legal Employment Obligations
VComply with Anti-corruption Obligations
VIComply with Obligations on Safety in Production, Health, and Environmental Protection
VIIComply with Anti-monopoly Obligations
VIIIComply with Obligations Against Unfair Competition
IXComply with the Regulations on the Maintenance of Financial Order and Anti-money Laundering Obligations
XComply with Export Control and Economic Sanction Obligations
XIComply with the Obligations of Truthful and Accurate Financial Reporting and Disclosure Obligation of Listed Companies
XIIComply with Data Protection and Information Security Obligations
XIIIComply with Confidentiality Obligations
XIVComply with Obligation to Avoid Insider Trading
XVComply with Intellectual Property Protection Norms
XVIEnsure Compliance by Business Partners
IInstructions About the Integrity and Compliance Manual
IIRelationship between the Company and its Employees
IIIConflict of Interests
IVHSE and Product Quality
VBusiness Activities and Market Competition
VIGovernment and Community
VIICompany Asset and Financial Integrity
VIIIInformation Protection
IXReport of Violation
ICompany’s Compliance Management Objectives
IICompany’s Compliance Management Philosophy
IIICompliance Responsible Party
IVCompliance Obligations and Duties
VPerformance of Compliance Obligations and Duties
VIHandling of Violations
In order to fulfill our commitment to lawful and compliant business practices, and to fully honor our pledge to compliance, Sinochem Holdings are constantly enhancing the foundation of a reliable and law-abiding corporate entity. We have launched a company-wide initiative for all employees to sign the "Compliance Responsibility Agreement." This initiative is designed to reinforce the compliance consciousness and sense of duty among staff, ensuring that each individual proactively adheres to compliance standards, upholds the risk management baseline, and continuously generates value through practical actions. Sinochem Holdings is dedicated to being not only a world-leading enterprise in operations and innovation, but also to a global frontrunner in ethics and compliance.
