Compliance & Integrity

Conducting business in good faith, strictly adhering to business ethics, and complying with all applicable laws and regulations have long been the core principles followed by AUX's management team. AUX is committed to establishing a robust compliance management system, continuously formulating and optimizing compliance management measures in accordance with applicable laws and regulations, and implementing them in business activities and processes.

The following statements of compliance apply to Ningbo AUX Electric Co.,Ltd., as well as its subsidiaries and branches that are directly or indirectly controlled by it globally (collectively, "AUX" and "we").

Key Compliance Strategies

I.Statement on Anti-Commercial Bribery and Anti-Corruption

Commercial corruption severely undermines fair competition in the market and has extremely negative impacts on the sustainable development of society, economy, and enterprises. AUX insists on honesty and integrity, strictly observes business ethics, follows all relevant laws and regulations of the place of business, and implements a "zero tolerance" policy for any form of corruption.

II.Statement on Compliance with Anti-Money-Laundering Regulations

AUX is committed to complying with applicable anti-money laundering laws and regulations. We recognize the importance of compliance and are actively building our anti-money laundering compliance framework. The company is already building key compliance control points and IT support tools that will strengthen our ability to monitor and manage key business processes such as sales, procurement, and funds management.

III.Statement on Respect for Intellectual Property Rights and Protection of Trade Secrets

AUX recognizes that continuous innovation is the core driving force behind the company's development and firmly believes that respecting and protecting intellectual property rights and trade secrets is key to maintaining an innovative environment. We are committed to protecting our own intellectual property and trade secrets, while respecting the corresponding rights of others.

IV. Statement on Fair Competition

Fair competition is an important guarantee for the sustainable development of AUX's business.

V. Statement on Privacy Protection

AUX fully understands the importance of privacy protection and is committed to protecting the personal data of consumers, partners, employees and other related entities in accordance with applicable privacy protection and personal data protection laws and regulations.