Page 47 - 2018 MSC HR Policy

Chapter 13

Anti-Corruption

The Board of Directors of Minor International Public Company Limited (MINT) values good corporate
governance by providing written Corporate Governance guidelines for all operations within the Company and

its subsidiaries and affiliates. In addition, the Company has issued a Business Code of Conduct for employees
as ethical principles to follow in the workplace day by day and has put in place communication channels for
whistleblowers.

In 2013, the Company joined the Signatory Companies of Thailand's Private Sector Collective Action Coalition

against Corruption's Declaration of Intent, acknowledging the responsibilities to lead by example in the fight
against corruption, to operate businesses ethically, with integrity and to implement business principles to
counter corruption in all forms.

For good practices of business operations and prevention of risk from potential transactions related to
corruption, the Company is introducing this Anti-Corruption Policy as a concrete step for fighting corruption
under the principles of good corporate governance.

Policy

To enhance transparent and fair business operations, the Company prohibits any form of corruption by
prohibiting directors, employees, officers and management and agents (representatives) from engaging in any
apparent corruption, either directly or indirectly.

The Company prohibits any act of proposing, demanding, arranging, accepting or providing benefits derived
from fraud for oneself, one’s own family, friends, associates or acquaintances. The Company gives
precedence to this policy by regularly reviewing and revising relevant procedures to capture changes in related
laws and relevant regulations.

Coverage
This policy applies to all directors, employees, officers and management and all agents of the Company and

its subsidiaries, affiliates and other companies under control of MINT worldwide in all product brands of the
Company.

Under this policy, no employee will suffer demotion, penalty or other adverse consequences for refusing to

pay bribes, even if such refusal may result in the company losing business.

Definition of Corruption

Corruption is described as a direct or indirect offer or receipt of any payment, service, gift, loan, fee, reward,
other advantages or anything else of value or consideration to or from any person as an inducement to do or

refrain from doing something or to influence a decision on or by any person or organization, including
government agencies, individual government officials, private companies and employees of private
companies.

HUMAN RESOURCES POLICY Page 47 of 49
VERSION: HR001-2018, JANUARY 1, 2018