Compliance Management System

As a globally-operated company, Wanhua adheres to the principle of compliance operation, complies with all applicable laws and regulations, and builds and continuously optimizes a comprehensive compliance management system, focusing on trade compliance, anti-monopoly compliance, anti-commercial bribery compliance, intellectual property and trade secret protection, etc. We are committed to integrating compliance management into all business processes and achieving effective oversight. In addition, Wanhua disseminates the compliance concept and compliance management requirements through various forms of offline/online training, on-site consultation, launching compliance courses and compliance knowledge exams on Wanhua Zhixue, etc., to ensure that every employee fully understands the importance of compliance and accurately identifies and effectively responds to compliance risks in their actual work.

Trade Compliance

Wanhua promises to abide by all applicable laws, regulations, and policies of domestic and international trade compliance, and international trade policies, etc. Wanhua will improve the policy system of import, export and trade compliance control, formulate and improve the company's trade compliance systems and processes, strengthen compliance training for the company's management and employees, and enhance the compliance awareness and skills of all employees. Relying on the company's information platform and compliance screening system, it will conduct key identification and effective response to trade compliance risks, and improve the efficiency and accuracy of risk screening.

Antitrust compliance

Wanhua promises and adheres to the principles of fairness and impartiality to participate in market competition, strictly abides by the laws and regulations related to anti-monopoly and anti-unfair competition in the countries or regions where its business is located, and is committed to maintaining a fair and competitive market environment. To this end, Wanhua has formulated an anti-monopoly compliance management system and business guidelines to guide employees to carry out business legally and compliantly. At the same time, for specific business scenarios, Wanhua has also formulated corresponding processes to ensure that related businesses can be declared in accordance with the requirements of laws and regulations.

Anti-commercial bribery compliance

Wanhua adheres to honest operation, adheres to business ethics, adopts a "zero-tolerance" attitude towards corruption and bribery, and strictly prohibits any form of commercial bribery and embezzlement. Wanhua will continuously strengthen the standardized guidance on the behaviors of employees and partners, and actively advocate and welcome employees and partners to voluntarily report possible violations.

 

To help identify and control the risks of conflicts of interest, Wanhua launches the "Sunshine 345 Campaign", and all employees declare conflicts of interest in March every year. At the same time, combining relevant cases, company management systems, and punishment measures, Wanhua actively carries out compliance training and examinations related to anti-fraud and anti-commercial bribery to enhance employees' conscious awareness of adhering to the bottom line and being honest in their occupations. To help identify and control the risks of conflicts of interest, Wanhua launches the "Sunshine 345 Campaign", and all employees declare conflicts of interest in March every year. At the same time, combining relevant cases, company management systems, and punishment measures, Wanhua actively carries out compliance training and examinations related to anti-fraud and anti-commercial bribery to enhance employees' conscious awareness of adhering to the bottom line and being honest in their occupations.

Intellectual property and trade secret protection

Wanhua attaches great importance to the protection of its own intellectual property and trade secrets, and gives equal respect to the intellectual property and trade secrets of others. We strictly prohibit employees from disclosing the company's trade secrets under any circumstances, and also strictly prohibit employees from improperly obtaining, disclosing, using or handling the trade secrets of others, and are committed to creating a fair and healthy market competition environment.

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