Ethic Ch.1
Employees' Basic Ethics

1. Hanmi’s Missions

(1) Maintain integrity and fair attitudes with pride, as members of Hanmi. (2) Always strive to maintain individual personal dignity and the company’s honor, with high ethical values. (3) Think about potential problems when performing their jobs, decide what to do, and report to their supervisors. (4) Sincerely fulfill each of their missions in accordance with the company's vision and policy. (5) Increase work efficiency through active cooperation and communication between colleagues and departments.

2. Hanmi’s Commitment for Fair Business Practices

(1) Avoid Conflicts of Interest - Avoid any behavior or relationship that conflicts with the interests of the company and individuals.
- Intercessions, mediations, and solicitations for the benefit of oneself or others that interfere with the fair performance of other employees.

(2) Create a Healthy Organizational Atmosphere - Never perform any action in the workplace that makes others feel sexually humiliated, uncomfortable, or disgusted by a sexual behavior.
- Any act inflicting physical or mental pain on others by using one’s own status or relationship advantage in the workplace is strictly prohibited.
- Seniors should not give subordinates instructions to promote the interests of themselves or third parties, in violation of company laws or regulations.
- Do not use any word or practice, such as financial transactions, violence, and discrimination, that harms sound colleague relationships.
- Strive to create an organizational culture of coexistence and coprosperity based on mutual trust and transparent communication.

3. Hanmi’s Commitment to Prevent Corruption

(1) Prohibition of the Private Use of, and Profiting off of, Company Properties - Employees shall not use their positions or authority directly to gain unfair profits for themselves or others.
- Company property shall not be used without permission or for one’s personal benefit, and no damage should be inflicted on company property by using it, or moneys from budgets for any other purpose than that intended.

(2) Obligation to Protect Job-related Information - Transactions of marketable securities shall not be made or provided to others using undisclosed information obtained through performing work.
- Do not inquire about or request other employees for information unless you are allowed to collect the information.
- The company’s confidential information, and personal information learned through work, are protected and managed in accordance with applicable laws and internal regulations.

(3) Prohibition of Bribery - Do not receive any money or bribes from a person related to your job, or your work-related colleague, in regards to your work.

- Do not receive or offer any money or bribers in relation to jobs with overseas corporations or public officials, and comply with overseas laws such as the Overseas Anti-Corruption Practices Act and the British Bribery Act.
- Do not deviate from usual customs for the expenses of family occasions/events, gifts, and meals.

Ethic Ch.2
Fair Competition & Trade

1. Hanmi’s Commitment for Fair Competition

(1) Pursuit of Free Competition - Respect the market economy and pursue fair competition, in good faith, based on mutual respect for competitors, in accordance with the principles of free competition.
- Strive to contribute to the development of a fair society without corruption by improving the fairness and reliability of transactions, following the principles of anti-corruption and fair competition.

(2) Compliance - Continuously strive to ensure that all employees voluntarily comply with relevant laws and regulations by running a Fair Trade Compliance Program.
- Strive to secure a fair order for medicine distribution by observing Fair Competition Regulations and the Pharmaceutical Affairs Act and drug transactions, to avoid unfair ways of attracting customers.
- Continuously promise that Hanmi's growth is based transparent, ethical management as well as individual employees’ compliance with the Fair Trade Compliance Program.

2. Hanmi’s Commitment for Fair Trade

(1) Compliance - Do not impose unfair trading conditions on business partners or make unfair demands, such as business interference.
- Do not use a position on a business transaction to obtain an unfair advantage or to provide convenience for reward.
- Give equal opportunities for participation to all qualified business partners in entering a business contract.
- Fully discuss the terms and procedures of all transactions and comply with the confidentiality of mutual business.
- Respect the intellectual property of others and do not commit any infringement such as its unauthorized use, reproduction, distribution, or alteration.

(2) Establishment of Coexistence and Coprosperity with Business Partners - Build mutually beneficial relationships on the basis of mutual trust with business partners and recognize them as strategic partners.
- Pursue mutual development with business partners and cooperate with them.

Ethic Ch.3
Ethics for All Customers

1. Hanmi’s Commitment for All Customers

(1) Always strive to find true value through innovation and creativity. (2) Strive to provide high-quality medicines and services and satisfy all customers through technology development and quality enhancement. (3) Always respect customers, listen from their perspectives, and handle complaints and suggestions promptly and fairly.

2. Hanmi’s Commitment for Shareholders and Investors

(1) Profit Protection - Do the best to protect the interests of shareholders and investors through continuous growth and development.

(2) Guarantee of Rights - Respect legitimate demands and suggestions and actively reflect them to management.
- Information shall be disclosed transparently, as a matter of course, so that shareholders and investors can make reasonable judgments.

3. Hanmi’s Commitment for the Transparency and Trust of Financial Management

(1) Transparency in Financial Management - The company's financial information must be accurately recorded and managed, in accordance with relevant laws and internal controls.
- Employees shall not make false or exaggerated reports for the benefit of specific individuals or departments and shall not conceal or monopolize important information.

(2) Providing Sincere Information - Any financial information shall not be leaked, divulged, or used improperly without the prior permission or approval of the supervisor in charge.
- Reliable management information about management, such as business activities, financial status, and performance, shall be disclosed in accordance with relevant laws and regulations.

Ethic Ch.4
Bioethics

1. Hanmi’s Commitment to Protect Human Dignity and Values

(1) Respect people as our top priority and strive to achieve personal happiness and build the common good, based on humanistic values. (2) Faithfully fulfill the duties of a pharmaceutical company working to improve human health, and develop the innovative spirit of creation and challenge. (3) Do not provide products or services that infringe human dignity and values, or cause harm to the human body, and do the best for bioethics and safety.

2. Hanmi’s Commitment to the Safety of Pharmaceutical Products

(1) Thoroughly manage pharmaceutical raw materials and continuously inspect the manufacturing environment, for the highest pharmaceutical safety. (2) Protect patient safety by continuously collecting, evaluating, managing, and reporting the safety data of pharmaceutical products.

Ethic Ch.5
Supplementary Rules

1. Duties and Obligations

(1) Be familiar with and comply with the Code of Conduct and take responsibility for any violations. (2) The CEO, executives, and department heads are responsible for managing and supervising their employees’ compliance with the code of conduct. (3) The company shall regularly conduct training and require oaths from employees, to comply with the code of conduct.

2. Rewards and Disciplinary Actions

(1) The CEO can make evaluations and reward employees who have observed the code of conduct and contributed significantly to establishing ethical management. (2) The CEO can take necessary disciplinary actions according to the company's regulations on employees who have violated the code of conduct.

3. Establishment of Department and Committee for Ethical Management

(1) The CEO is responsible for establishing a dedicated department or a committee to facilitate ethical management and implement the code of conduct. (2) The CEO shall establish and operate a dedicated department and committee to maintain Compliance Officers’ ethical management.

4. Reporting Violations and Counseling

(1) Anyone who finds out about a violation of the code of conduct shall inform a Compliance Officer, without delay. (2) The confidentiality of report contents and the reporter’s identity is guaranteed, and no disadvantages will be applied. (3) Compliance Officers can carry out counseling about violations of code of conduct and take necessary measures to facilitate reporting and counseling.

This Code of Conduct will be enforced as of May 1, 2020 and the Ethics Charter and Code of Ethics enacted on October 1, 2014 will be abrogated