The Group values and upholds integrity, fairness, transparency and accountability. The Group has zero-tolerance to any forms of bribery, corruption and/or fraud. Anti-bribery and anti-corruption policy standards are important parts of its policies and operating practices which are reinforced by the Group’s employees and communicated to relevant stakeholders who have dealings with the Group. Monitoring measures and procedures are developed to detect bribery, fraud or other malpractice activities. Its employees are required to conduct operations with high standards of ethics, honesty, objectivity and integrity, and in compliance with the Group’s Code of Ethics and applicable laws and regulations.

Furthermore, employees and all other stakeholders engaging in dealings with the Group (including shareholders, customers and suppliers) are encouraged to report on suspected misconduct, malpractice or fraudulent activities through the Group’s whistle-blowing mechanisms. Whistle-blowing policies apply to all stakeholders. Cases will be followed up independently; and all cases will be reported by the Group’s internal audit function to the Audit Committee and senior management.

Regulatory compliance

The Group is committed to ensuring its businesses are operated in compliance with applicable local laws, rules and regulations in which it operates. Regulatory frameworks within which the Group operates are analysed and monitored, internal policies are prepared and updated accordingly. Where necessary, workshops are also conducted to strengthen the awareness and understanding of the internal controls and compliance procedures of the Group.

The Group is not aware of any breach of laws and/or regulations that have had a significant impact on the Group relating to anti-corruption during the year.