Yang Ming’s Human Rights Policy

Yang Ming has operated worldwide for a long time and has been dedicated to respecting and maintaining internationally acknowledged human rights and ensuring the compliance of business activities with local laws and regulations as well as international standards, thereby providing a fair and equal working environment and making sure that the rights and interests of our employees and partners are respected and protected. When it comes to human rights, we respect and protect all internationally acknowledged human rights and never engage in any activities that neglect and involve human rights violations. The Company's Human Rights Policy has been developed based on the "International Bill of Human Rights", "The UN Global Compact", and "International Labour Organization Declaration on Fundamental Principles and Rights at work". Internal rules and regulations have been established. For violations of laws and regulations or the Company's internal regulations, punishments are given according to relevant punishment policies.

Yang Ming has committed to upholding internationally proclaimed human rights in the locations where we operate without any unfair treatment arising from ethnicity or gender, ensuring the freedom of association and collective bargaining rights, respecting privacy, caring for the underprivileged, forbidding the use of child labor, prohibiting harassment, and banning forced labor. We have also strived to eliminate all forms of forced labor and discrimination in recruitment and employment. The Company offers reasonable working conditions, maintains the physical and mental health of employees, endeavors to reduce factors hazardous to safety and health, and ensures thorough protection of the personal privacy of all customers, employees and stakeholders, fulfilling human rights protection responsibilities. 

The Company's education, training, and propaganda on the Human Rights Policy aim at raising employees' awareness of human rights protection. The Company organized a 0.5-hour course for all onshore employees in 2023, and 1,502 employees completed the course, with a test pass rate of up to 97.91%.

Human Rights Due Diligence

The Company takes human rights issues seriously and introduced the concept of human rights due diligence for the first time in 2023. By analyzing the trends of international human rights issues, interviewing internal officers, and reviewing internal labormanagement documents, the human rights issues within the scope of the Company's own operations have been preliminarily summarized. In 2024, we will conduct a human rights due diligence project to gradually increase the depth and width of human rights management. The project will be implemented in three stages, and due diligence will be conducted on different subjects in each stage. The first stage is human rights due diligence for employees within the scope of the Company's own operations (including onshore employees and seafarers), and the results show that women, children, and migrant workers are subject to low risk; the second stage is human rights due diligence for suppliers; and the third stage is human rights due diligence for joint ventures and/or other stakeholders. Currently, the first stage has been completed, and the remaining project stages are expected to be completed by the end of 2025.

• Human Rights Risk Issue Identification Process

• Human Rights Risk Identification Matrix

Note：Risk level refers to a comprehensive assessment of the "Likelihood" and "Impact" of human rights issues. For the 21 risk issues, the frequency of occurrence and the level of negative impact of each risk issue is comprehensively assessed based on the quantitative and quantitative data obtained from the employee questionnaire survey and employee focus group interviews. The issues are then divided into 3 levels based on their Likelihood and Impact: high, medium, and low to score the risk level of the 21 risk issues.