SAPPE conducts its business in accordance with good corporate governance principles
while upholding strong business ethics to support sustainable growth
and build confidence among shareholders, investors, and all stakeholder groups.

The Company places strong emphasis on transparency, accountability, and auditability
by adopting corporate governance as a fundamental framework for organizational management.
This includes establishing policies, guidelines, and governance systems aligned with applicable laws,
regulations, and relevant international standards.

Corporate governance principles are integrated into the Company’s business strategy
and risk management processes to support effective decision-making while considering economic,
social, and environmental impacts.

These practices cover the establishment of business ethics policies and measures, strategic risk management,
oversight of the operations of the Company and its subsidiaries, as well as accurate, complete,
and timely disclosure of information. This ensures that stakeholders have equitable
and transparent access to important corporate information.

In addition, the Company is committed to fostering an organizational culture grounded in integrity, responsibility,
and ethical business conduct. Employees at all levels are encouraged to recognize their roles
and responsibilities in complying with corporate governance principles and the Company’s Code of Conduct.
The Company also promotes the implementation of these practices across its subsidiaries
to strengthen group-wide management systems and support long-term sustainable growth.