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Premier Group Policy

Corporate Governance Policy

The Premier Group of Companies places great emphasis on good corporate governance as it is important and essential for the sustainable growth of the business.

The Premier Group is committed and determined to adhere to the principles of good corporate governance. It has established a policy to support corporate governance, emphasized on the risk management system, internal control and internal audit, operated the business within the framework of legal requirements and business ethics and adhered to the principles of good corporate governance, which are integrity, fairness, transparency and accountability.

Conflict of Interest Policy

The Premier Group requires all employees to perform their duties with integrity under the framework of good ethics, avoiding conflicts of personal interests with those of the Group in any act related to the Group, including with suppliers, customers, and other third parties, in order to obtain personal benefit for the employees and/or close relatives. This includes the use of inside information of the Group in trading securities of the group companies.

Examples of behaviours that are considered conflicts of interest:

  1. Employees or close relatives of employees selling or buying goods/services, renting or leasing assets to the Group, and lending or borrowing money from the Group on conditions that cause the Group to lose benefits or receive less benefit than ought to be.
  2. Employees investing in or acting as officers, advisors, or directors in the business of customers, suppliers, or service providers of companies outside the Group or competitors of the Group.
  3. Employees or close relatives of employees receiving any benefits, whether gratuities, gifts, or any other benefits, from customers, agents/representatives of contractors/service providers, or any person or organization having business related to the Group.
  4. Employees or close relatives of employees operating businesses in competition with the Group’s businesses.

“Close relative” means a person who is related by blood or by legal registration, namely, spouse, father, mother, siblings, and children, including spouses of children.

Customer Relations and Product Quality Policy

The Premier Group is committed to building good and lasting relationships with customers, and creating customer satisfaction is paramount to the Group’s business success. The Group will effectively respond to the needs of customers by maintaining the quality of products and services through:

  1. Delivery of products/services of quality according to specified standards to customers fully and timeously.
  2. Establishment of quality control systems for products/services to achieve industry standards and up to international standards and are safe.
  3. Provision of accurate and factual information about the Group’s products/services in all types of advertisements and news releases.
  4. Encouragement and motivation of all employees to participate in quality maintenance at every stage of the work process.
  5. Establishment of mechanisms and customer service systems in order for customers to contact the Group conveniently and quickly.

In addition, the Group has a policy to encourage suppliers and distributors of goods/services to achieve standards comparable to those of the Group’s, earn fair profits, and grow together.

Alcohol and Drug Use Policy

The Premier Group will provide employees with a workplace that is free from alcohol, drugs, or other addictive substances, which can have a detrimental effect on employee performance and a serious impact on the safety, efficiency, and productivity of the employees. Use, possession, distribution, or sale of alcoholic beverages and drugs on the Group’s premises is strictly prohibited and is grounds for termination of employment, especially drugs punishable by law. The Group will fully cooperate with government authorities in the prevention and suppression of all types of drugs.

Policy Details:

  1. If any employee violates this policy on alcohol and drug use, such employee will be disciplined in accordance with the regulations of the company in which they are employed (“the Company”) and may be subject to legal action.
  2. Employees with alcohol or drug dependency who seek help from the Company in overcoming such dependency or participate in a rehabilitation program will not be terminated due to such a request for help. However, if an employee suffering from alcohol or drug dependency refuses rehabilitation or treatment, or fails to meet satisfactory standards of effective work performance after treatment, such employee will be subjected to disciplinary action in accordance with the Company’s regulations. The request for medical treatment or to enter a rehabilitation program will not be considered an exception in the implementation of the Company’s regulations.
  3. Employees with alcohol or drug dependency or those found to be using addictive substances will not be allowed to work in positions designated by the Company’s management that are important for the safety and well-being of other employees, the general public, or the Company.
  4. The Company may conduct unannounced searches for drugs and alcohol on company-owned or controlled property.
  5. The Company may also require employees to submit to medical evaluations or have a doctor conduct an examination for alcoholic beverages or drugs in the employee’s body in the workplace where there is reasonable cause to suspect alcohol dependency or drug use by such employee.
  6. The Company may also require that all applicants accepting offers of regular employment and contractors of the Company must pass a drug test before commencing work.

Political Activities Policy

The Premier Group will not support the activities of any political party by being neutral and not be affiliated with any political party or group and will not provide assistance to any particular political candidate.

The Premier Group considers employees to have a democratic right and duty to freely and personally participate in or support various political activities that does not affect the Group.

Equality Policy

“The Premier Group wants equal employment opportunity both domestically and overseas where it operates its businesses for individuals who have the qualifications as required by the Group regardless of race, skin color, gender or religious belief. The Group will ensure equal employment opportunity in all aspects, including job announcements, hiring, work assignment, promotion, transfer, termination, wage management, salary and selection of employee for development training.

In addition, the Group also provides equality to its suppliers, customers and visitors by providing equality regarding religion and it is the Group’s policy that its employees must study and act in accordance with the traditions and culture of each society in which the Group operates. “

Environment and Social Policy

The company will operate its works with maintenance of the environmental equilibrium following the requirements of laws or regulations, which relate to the environment, according to universal standards or suitable standards in each type of business. When it carries out its business with communities, it will address and cooperate with the communities on the issues of environmental maintenance caused by the operation of the company as follows:

  1. Maintain and protect from any effect on the environment by providing equipment for the treatment of its waste, in order not to make any effect on the environment and communities, when it carries out its business.
  2. If any of the company’s products/services or any operation of the company causes any effect on the environment, it will urgently solve the problem and be responsible for the damages, with fairness.
  3. The company will train people and set up a system of examination, inspection, and maintenance of equipment and tools, and will develop their efficiency for environmental safety, and keep the public’s confidence.
  4. The company will donate 5% of its normal business net profit, after deduction of its income tax of the particular financial year, for the benefit of juvenile education for the poor or underprivileged, to the Yuvabadhana Foundation, or any other public interest organization, which can be trusted according to the criteria of its committee.

Safety Policy

The Premier Group is aware and concerned about the life, property, and health of all employees and related parties. Therefore, it considers it appropriate to carry out safety, occupational health, and work environment operations to instill awareness and cooperation among employees and all concerned. The Group has established the safety, occupational health, and work environment policy as a guideline for implementation as follows:

  1. Allocate sufficient and appropriate resources for the implementation of the said system, including compliance with laws and international standards or appropriate standards of each business.
  2. Provide knowledge on safety, occupational health, and work environment management to the employees and related parties, as well as promote and support the creation of awareness for all employees on safety and to seriously adhere to.
  3. Set up a committee to supervise safety, occupational health, and work environment in order to operate strictly in accordance with the guidelines prescribed by the law and closely monitor the performance.
  4. Safety performance at work is one of the criteria for annual performance evaluation.

Gifts and Entertainment Policy

The Premier Group does not have a policy to give or accept gifts of any kind or cash to anyone doing business with the Group except for the giving or accepting of gifts and entertainment in accordance with traditions that are of reasonable value to maintain good relationships with those doing business with the Group without expecting to receive a specific service or reward that is not in accordance with the Code of Business Ethics. The Group strictly prohibits the giving or accepting of gifts in excess of reasonable value in the form of commissions, loans, shares of profits in stocks, or anything of a similar nature.

The giving or receiving of gifts and entertainment should meet the following criteria:

  1. Must be in accordance with the traditions that are practiced.
  2. Must be modest, infrequent, and appropriate for the occasion.
  3. Must not be contrary to laws and regulations and must align with the Group’s Code of Conduct and policies on conflicts of interest.

Directorships Policy

The Premier Group does not have a policy for the Company’s employees to serve as directors of non-affiliated companies except in the case where an employee has been assigned by the Group to be a director as part of that employee’s duty.

In the event that an employee is a director of a non-affiliated company without being assigned by the Group, employees are obliged to notify the company in which they are employed.

Trade Secrets and Intellectual Property Policy

The Premier Group has a policy that prohibits its employees from disclosing or using for personal gain any news and inventions that are confidential information of the Group, including formulas, processes, production methods, and material business information, which are regarded as matters that must be concealed from other persons by any means.

Any inventions that employees invent or jointly invent while working for the Group are considered the right and property of the Group, which the employees may not disclose or use for personal gains.

In addition, it is the policy of the Group, which is strictly adhered to, that employees are prohibited from infringing on the intellectual property of others, whether it is domestic or foreign intellectual property.

Information System Security Policy

The Premier Group is committed to maintaining the standards of its operating systems, computer systems, and information communication systems, which are an important foundation for building an effective control system. The Group will take action on various matters to ensure that the data of the work system and computer system are protected and ready for use at all times in the Group’s business, as well as laying out the form and cost of various control measures to be appropriate for the risks to the data, work system, and computer system.

Definitions:

  • Data: Includes electronic data, documented information, publications, video/audio data, etc.
  • Work system: Includes information systems and use of the computer system.
  • Computer: Includes computer systems, communication systems, and related computing devices.

To achieve that commitment, the Group will operate according to the following standards and practices:

  1. Determine the responsibilities of data users and administrators for all work systems and computer systems.
  2. Assess risks and establish a risk control system to suit the changing environment.
  3. Create a data protection system, work system, computer system, and related personnel.
  4. Create a data security system to prevent unauthorized access, modification, and destruction of data, whether accidental or intentional.

Respect for Human Rights Policy

The Company recognizes and places importance on the value of human dignity. Therefore, it has established as a policy that all executives and employees must respect the human rights and human dignity of all employees and stakeholders, which is a principle according to international standards that is an important foundation for business operations. The Company has a clear policy to share responsibility for society under its core values “The Premier Business, The Premier People, The Premier Society.”

  • The Company supports and respects the protection of human rights by ensuring that the Company’s businesses and employees are not involved in human rights violations, such as not using forced labour, not using child labour, and not molesting or violating both physically and mentally, as well as ensuring strict adherence to the standards prescribed by the labour protection laws.
  • The Company will respect and adhere to the international principles of employment in treating all stakeholders with fairness based on human dignity by providing equal opportunities for all without discrimination and without violating fundamental rights in regards to gender, age, religion, race, region, status, physical condition, and political opinion.
  • The Company monitors and follows up on the strict adherence of its subsidiaries, suppliers, and stakeholders to the international principles on human rights, as well as protects the rights of stakeholders who received damages due to the violation of rights arising from the Company’s business operations as required by law.
  • The Company has arranged the workplace with regard to a good working environment and places importance on the safety and occupational health of employees.
  • The Company has provided employees with the opportunity to participate in the management of and to express their opinions on its business operations and work processes through the “suggestion system activity” channel to the various working groups, such as the welfare working group, the anti-corruption working group, etc.
  • The Company has set measures to provide protection for employees who report on human rights violations or unequal treatment of employees under which they will be protected from punishment, harassment, or any other acts that will make it unbearable for the informant to continue working.