Fair and Transparent Procurement

The Company is committed to conducting procurement with honesty and fairness, operating with transparency and good governance. It elevates transparency standards in procurement processes, reduces corruption risks, and promotes ethical business operations by establishing verifiable procurement principles, measures, and guidelines, and valuing all suppliers without discrimination. The Company has processes for price comparison and competitive bidding before procurement, with the construction project committee jointly considering procurement for transparency and fairness.

Promoting good liquidity for suppliers

The Company prioritizes fair business practices with its suppliers to promote cash flow liquidity and capital management for both suppliers and the Company. Therefore, it has established policies and guidelines for paying for goods and services to suppliers, fairly, accurately, transparently, and promptly, by making payments according to installments or credit terms specified in the contract conditions and has communicated the policy mentioned above for mutual acknowledgment from the time suppliers are registered. The Company's average annual payment period to suppliers is as follows:

However, payment periods may not always align with the policy due to business-specific limitations and various additional factors that need consideration, such as the type of goods and services business, contract duration with suppliers, etc.