INTEGRITY AND HONESTY

POP MART upholds a “zero tolerance” attitude towards corruption and malpractice.

“Integrity” is the core value of POP MART. We insist on operating in good faith, abide by business ethics, maintain a candid, honest and clean work style, follow business standards of fairness, equity and openness, and continue to crack down on any illegal or improper behavior of internal employees and external partners in relevant business activities.

POP MART urges all employees to abide by national laws and regulations as well as their own commitment of integrity and self-discipline. No private interests should be sought in various business operations. No one is allowed to suggest, demand or accept any form of personal interests, products or other physical gifts from any other employees or partners in any form (exceptional cases: advertising gifts worth no more than 200 yuan ($29.85) in accordance with business practices; gifts or awards for the purposes of business promotion, team-building or employee benefits within POP MART).

We require external partners to abide by national laws and regulations as well as POP MART transparent cooperation agreement. No one shall provide any banquets, entertainment, fitness, leisure and tourism activities to employees and their relatives of POP MART. No one should conduct any form of economic exchanges with the employees and their relatives, nor suggest, provide or lend any high-value valuable assets to them. At the same time, for partners who can report any such violations and support following auditing and investigation, POP MART shall give priority to cooperating with them.

POP MART has long insisted on implementing compliance management end-to-end into all business activities.

POP MART attaches great importance to compliance management, and has established a compliance management system, implementing the principles of full compliance, practicality and effectiveness, independence and innovation, and constantly promoting compliance management to meet the strategic needs for development and external regulatory requirements.

We value and continue to improve our employees’ compliance awareness. By forming a long-term mechanism with methods of training, publicity, inspection, accountability and others, we are creating a culture of “actively practice substantive compliance” involving all employees, cultivating the concept of “compliance starts from the top, it helps business growth and creates value”, as well as encouraging and guiding each employee to fully understand the compliance requirements, ensuring that such awareness is integrated into their daily work and behaviors.

We attach importance to and expect our partners to agree with the compliance management requirements of POP MART, encourage each partner to learn and sign the transparent cooperation agreement, and incorporate it into the evaluation system of our partners. At the same time, we continue to convey the concept of compliance to our partners, encourage violations to be reported and punished, and may stop cooperating with non-conforming or dishonest partners.

We highly value the legal compliance requirements of the country or region where we operate, abide by the policies and regulations of the regulatory authorities, accept their continuous supervision, and constantly carry out active and open exchanges and cooperation with them, as well as conduct communication on the compliance concepts and practices of both sides to enhance mutual understanding and trust.

We have formulated a series of rules and regulations to regulate business behaviors and strengthen compliance management.

《Anti-Fraud and Internal Audit Policy of POP MART》《Compliance Management System of POP MART》
《Regulations on Reporting Management of POP MART》
《Interest-Conflict Management System of POP MART》
《Management Measures for Related-Party Transactions of POP MART》
《Regulations on Anti-Embezzlement of POP MART》
《Anti-Money Laundering Management System of POP MART》
《Regulations on Internal Audit of POP MART》
《Management Measures for Risk Assessment of POP MART》
《Management Measures for Internal Control of POP MART》
《Code of Conduct for Employees of POP MART》
《Letter of Commitment for Integrity and Self-Discipline of Employees》
《Transparent Cooperation Agreement of POP MART》
……

We have established an Risk Management and Audit Department (RA Dept.) and strive to build a more transparent POP MART for you.

The Risk Management and Audit Department (RA Dept.) is under direct leadership of the audit committee of the board of directors of POP MART, and is responsible for the internal control, compliance management, risk management, internal audit and anti-embezzlement investigation of the company. The Risk Management and Audit Department (RA Dept.) has long been committed to safeguarding the company’s interests, supporting its development, enhancing its value, enabling its business, providing services, strengthening compliance, preventing embezzlement and continuously helping the company realize the vision “To Light up Passion and Bring Joy”.《Summary of Anti-Fraud Work of POP MART in 2022》《Summary of Anti-Fraud Work of POP MART in 2023》《Summary of Anti-Fraud Work of POP MART in 2024》