Dear Amorepacific colleagues,

At Amorepacific, we strive to be a company trusted by our customers, partners, and society. To achieve this, we must fulfill our corporate social responsibility through ethical and compliant management.

To systematically manage our employees' voluntary compliance with fair trade regulations, Amorepacific has implemented and operates a Fair Trade Compliance Program (CP). This program is a compliance system that companies establish to ensure adherence to fair trade laws. It includes clear codes of conduct, education, pre-approval procedures, and monitoring processes to prevent and rectify legal violations.

I intend to designate 2025 as the inaugural year for reinforcing our Fair Trade Compliance Program. Guided by our ABC Spirit—"We act with integrity and confidence"—we must respect the laws and regulations of society to uphold our reputation as a responsible and proud company. The company, in turn, will continue to provide full support for the systematic operation of the Fair Trade Compliance Program.

I ask all employees to strictly adhere to the following principles:

1. Compliance with fair trade laws and regulations is not optional but essential. Recognize that it forms the foundation for customer satisfaction and strengthening our competitiveness.
2. Actively participate in compliance training and fair trade education provided by the company. Familiarize yourself with and follow relevant laws and codes of conduct applicable to your responsibilities.
3. Ensure thorough review and adherence to pre-approval procedures when handling matters related to fair trade. Conduct business operations with a comprehensive understanding of compliance requirements.

Through the Fair Trade Compliance Program, we aim to establish a fair and transparent management system at Amorepacific. I trust that your unwavering commitment to these principles will serve as a stepping stone for our company’s continued growth into a global leading company.

Thank you for your dedication and cooperation.

Sincerely,

Seunghwan KimCEO

"We will lead with greater strength to uphold fair trade and ethical management."

Dear Amorepacific colleagues,

I extend my sincere gratitude to all of you for your dedication in reinforcing our company’s fair and transparent corporate culture. Fair and ethical business operations are not merely guiding principles—they are essential components of sustainable growth and core corporate values that we must uphold.

Our CEO has repeatedly emphasized his firm commitment to fair trade compliance and transparent management, ensuring that Amorepacific aligns with global standards. As the Compliance Officer, I will further strengthen the effectiveness of our Fair Trade Compliance Program (CP) and ensure its thorough implementation. My goal is to embed fair trade principles not just as guidelines but as fundamental standards in all business operations. To achieve this, I ask for your active participation and commitment.

Key Initiatives for Strengthening Fair Trade Compliance

1. Enhanced Training for Practical Fair Trade Compliance
   • We will provide regular training on the latest fair trade regulations and practical case-based education.
   • A compliance manual will be distributed to ensure that all employees have a clear and standardized understanding of compliance requirements.
2. Systematic Pre-Approval Process and Risk Assessment
   • The pre-approval process will be further refined to enhance compliance efficiency.
   • Risk assessments will be reinforced to proactively identify and prevent compliance risks.
   • A monitoring system will be established to systematically review and address fair trade risks in business operations.
3. Proactive Operation of Transparent Reporting and Feedback Systems
   • A transparent communication channel will be maintained, allowing employees to express concerns and seek guidance freely.
   • An effectiveness evaluation framework will be implemented to ensure that fair trade compliance is practically and consistently enforced across the organization.

Fair trade is not just a legal obligation—it is a fundamental prerequisite for building corporate trust and achieving sustainable growth. I urge all employees to go beyond mere compliance and adopt a proactive approach to fair trade principles.

As your Compliance Officer, I will fulfill my responsibilities with the utmost dedication to firmly establish a strong culture of fair trade compliance at Amorepacific.