U Ming Marine Transport : Corporate Sustainable Development Policy

	U-Ming Marine Transport Corporation
	Corporate Sustainable Development Policy
	1st Edition: August 12, 2013
	2nd Edition: March 7, 2022
	3rd Edition: March 7, 2023
Chapter I	General Principles
Article 1	To fulfill the social responsibility initiatives of U-Ming Marine
	Transport Corporation ("the Company") and to promote economic,
	environmental, and social advancement for the purposes of
	sustainable development, the Company hereby promulgates our
	Sustainable Development Policy in accordance with the Sustainable
	Development Best Practice Principles for TWSE/TPEx Listed
	Companies.
Article 2	While engaged in business operations, the Company actively practices
	sustainable development to align with international trends and
	enhance our role as a corporate citizen. We aim to contribute to the
	national economy while improving the quality of life of our
	employees, communities, and society, with sustainable development
	as our ultimate goal.
Article 3	This Policy applies to the operations of the Company and its
	subsidiaries as a whole.
Article 4	The Company shall adopt the materiality principle in conducting risk
	assessments of environmental, social, and corporate governance
	issues related to Company operations. Furthermore, we shall adopt
	relevant risk management policies or strategies to manage our
	economic, environmental, and social risks and impacts.
Article 5	To implement corporate sustainable development initiatives, the
	Company sets out the principles below:
	1. Implementation of corporate governance.
	2. Development of a sustainable environment.
	3. Protection of employee rights and interests.
	4. Management of customers and suppliers.
	5. Promotion of social welfare.
	6. Enhanced disclosure of corporate sustainable development
	information.
Chapter II	Exercising Corporate Governance

Article 6	The board of directors of the Company shall exercise their duty of care
	in managing the Company and overseeing the implementation of
	sustainable development. It shall review the effectiveness of
	implementation and continuously improve to ensure fulfillment of the
	Sustainable Development Policy. In promoting sustainable
	development goals, the Board of Directors shall fully consider the
	interests of stakeholders, including the following:
	1. Establishing a sustainable development mission or vision, and
	formulating sustainable development policies, systems, or related
	management guidelines.
	2. Incorporating sustainable development into the Company's
	operations and development direction, and approving specific
	implementation plans for sustainable development.
	3. Ensuring the timeliness and accuracy of information disclosure
	with respect to sustainable development.
	For economic, environmental, and social issues arising from business
	operations, the Company shall authorize senior management to
	handle and report to the Board of Directors with regard to the
	processing status. The operating procedures and responsibilities of
	relevant personnel shall be clear and specific.
Article 7	The Company shall respect the rights and interests of stakeholders,
	identifying such stakeholders and establishing a stakeholder section
	on the Company's website. Through appropriate communication
	methods, the Company shall understand the reasonable needs and
	expectations of stakeholders and respond appropriately to important
	sustainable development issues that are of concern to them.
Article 8	The Company shall comply with the Corporate Governance Best
	Practice Principles for TWSE/TPEx Listed Companies, the Ethical
	Corporate Management Best Practice Principles for TWSE/GTSM
	Listed Companies, and the Guidelines for the Adoption of Codes of
	Ethical Conduct for TWSE/GTSM Listed Companies. It shall accordingly
	establish an effective corporate governance framework and related
	ethical standards and matters to ensure sound corporate governance.
Article 9	The Company shall organize sustainability education and training
	programs to be held on an intermittent basis. Their content shall
	include the promotion of those matters stipulated in Article 6,
	Paragraph 1. These programs shall be integrated with the employee
	performance evaluation system, and shall establish clear and effective
	incentive and disciplinary mechanisms.

Chapter III Fostering a Sustainable Environment

Article 10 The Company shall comply with environmental laws and regulations and relevant international standards to protect the natural environment appropriately. In carrying out its business activities and internal management, the Company shall strive to achieve goals connected to environmental sustainability.

Article 11 The Company shall strive to improve resource use efficiency, and shall use renewable materials with low environmental impact so that the Earth's resources can be sustainably utilized.

Article 12 The Company shall establish an appropriate environmental management system. Such systems are to include the following tasks:

1. Collecting and assessing sufficient and timely information on the impact of operational activities on the natural environment.
2. Establishing measurable goals for environmental sustainability and regularly reviewing their sustainability and relevance.
3. Adopting enforcement measures that include concrete plans or action plans, and regularly examining the results of their operations.

Article 13 The Company shall establish a dedicated unit or assign dedicated personnel for drafting, promoting, and maintaining relevant environmental management systems and concrete action plans. Furthermore, environmental education courses shall be held for relevant personnel on an intermittent basis.

Article 14 The Company shall consider the impact of operations on ecological benefits and engage in services and other business activities. Such consideration shall be based on the following principles to reduce the impact on individuals and the natural environment:

1. Reduce the consumption of resources and energy in our services.
2. Reduce emissions of pollutants, toxic substances, and waste while ensuring proper waste treatment.
3. Enhance the recyclability and reusability of vessel equipment.
4. Maximize the sustainable use of renewable resources.
5. Extend the durability of vessel equipment.
6. Increase the efficiency of services.

Article 15 The Company shall properly use and sustainably utilize water resources to improve water resource utilization efficiency. The Company shall construct and strengthen relevant environmental

protection and treatment facilities to prevent water, air, and ground- based pollution in its operations. The Company should also make every effort to minimize adverse effects on human health and the environment, and adopt the best feasible pollution prevention and control technologies.

Article 16 The Company should adopt widely implemented domestic and international standards or guidelines to conduct corporate greenhouse gas inventory and disclosure, including:

1. Direct greenhouse gas emissions: greenhouse gas emissions sources that are owned or controlled by the Company.
2. Indirect greenhouse gas emissions: emissions resulting from the generation of externally purchased or acquired electricity, heat, or steam.
3. Other indirect greenhouse gas emissions: emissions from Company activities that are not from energy sources but originate from sources owned or controlled by other companies.

The Company should assess the potential risks and opportunities of climate change on its operations. Based on operating conditions and greenhouse gas inventory results, it should develop energy-saving and carbon reduction strategies and undertake measures to address climate-related issues. The Company should push for action to reduce the climate change impact of its operations.

Chapter IV	Protecting Employees' Rights, Customer and Supplier Management,
	and Preserving Social Welfare
Article 17	The Company should comply with relevant laws and regulations and
	follow international human rights conventions, such as those covering
	gender equality, labor rights, and the prohibition of discrimination.
Article 18	The Company's human resources policies should adhere to
	internationally recognized labor rights principles. These include
	freedom of association, collective bargaining rights, caring for
	vulnerable groups, prohibition of child labor, elimination of all forms
	of forced labor, and elimination of discrimination in employment and
	hiring based on gender, race, socioeconomic status, age, and marital
	and family status. We ensure that our policies do not create any form
	of differential treatment in employment conditions, compensation,
	benefits, training, performance evaluation, and promotion
	opportunities.
	To address any potential violation of labor rights, the Company should

provide effective and appropriate complaint mechanisms to ensure the complaint process is fair and transparent. Complaint channels should be clear, convenient, and accessible, and appropriate responses should be made to employees' complaints.

Article 19 The Company shall provide employees with information enabling them to understand labor laws in the countries where operations occur and their rights under those laws.

Article 20 The Company shall provide employees with a safe and healthy working environment, including necessary health and first-aid facilities. To prevent occupational injury, it shall conduct safety and health education and training on an intermittent basis to mitigate factors that may endanger employees' safety and health.

Article 21 The Company should create an environment conducive to developing employees' careers and establish effective training programs to foster career skills. The Company should also appropriately reflect business performance or results in employee compensation policies to ensure recruitment, retention, and encouragement of human resources, thereby achieving sustainable management goals.

Article 22 The Company should establish channels for communication and dialogue with employees, allowing them the right to access information and express opinions regarding the Company's management activities and decisions. The Company should also respect the right of employee representatives to negotiate working conditions and provide necessary information and hardware facilities to promote negotiation and cooperation between employers and employees. Additionally, employees shall be given reasonable notification when operational changes may significantly impact them.

Article 23 The Company shall ensure service quality in accordance with government regulations and relevant industry standards. The Company shall follow relevant laws, regulations, and international standards regarding the marketing and labeling of services, and shall not engage in any behavior that deceives, misleads, defrauds, or otherwise harms customer trust and rights. Customers should be treated fairly and reasonably, including fair and honest contracting, attention and fiduciary duties, truthful advertising and solicitation, service suitability, disclosure and transparency, balanced compensation and performance, complaint protection, and professionalism of salespersons. The Company shall establish relevant implementation strategies and specific measures.