Pango Micro always upholds the value system "Compliance creates value," and considers adherence to business ethics and compliance with laws and regulations as the basic guideline for the company's operations, establishing compliance capabilities that are appropriate to the company's development phase and ensuring employees' awareness of compliance to safeguard the company's sound operation. In the wake of rapid changes to the international situation and the market environment, Pango Micro faces increasingly complex compliance requirements. Comprehensive and systematic compliance management is not only a social responsibility that Pango Micro should fulfil, but also the intrinsic requirement of the concept of "Compliance Creates Value".

Pango Micro solemnly promises to strictly abide by laws, statutes and market regulations in its business activities, respect business ethics, religious customs and good practices, and to continue to promote compliance within the company.

1. Compliance with export control

Pango Micro complies with the laws and regulations of China, the United States and the European Union that apply to export controls and economic sanctions. Pango Micro will endeavour to establish an internal compliance system for export control and continuously improve it, and will conduct export control risk reviews of trade and related activities. Pango Micro will cooperate with third-party professional institutions to organise export control compliance training, educate company employees on export control compliance requirements, improve compliance awareness among all employees, and continuously optimise business processes and export compliance control solutions. Violation of laws and statutes related to export control will result in significant losses and severe penalties for the company. The company will notify and penalise employees who violate the company's export control policy, and those who do not comply with the laws and regulations and with the company's system and policies will be investigated for legal liability in accordance with the law.

2. Anti-commercial bribery and anti-corruption

Acts of commercial bribery not only violate the provisions of the Law Against Unfair Competition and impact fair market competition, but also has an extremely detrimental impact on society, the economy and the development of the enterprises themselves.Pango Micro upholds good faith operations, adheres to business ethics, strictly abides by laws and regulations, and has "zero tolerance" for acts of bribery and corruption.Pango Micro requires that all employees or entities or individuals engaging in business practices on behalf of Pango Micro shall not bribe public officials or individuals in any direct or indirect way to obtain business opportunities, nor shall they commit or accept commercial bribery and corruption for any reason, in any form and in any geographic region.At the same time, Pango Micro will establish a complete compliance system specifying compliance regulations, and will implement these regulations throughout all business processes and business activities, examine and improve mechanisms for compliance management by means of compliance reviews, and simultaneously continue to improve employees' awareness of compliance.

3. Protection of trade secrets and intellectual property

Innovation is the wellspring driving development, and respecting and protecting intellectual property is the only path to innovation.As a research and development company, Pango Micro emphasises the protection of its own intellectual property and trade secrets and at the same time respects the intellectual property and trade secrets of others. The company has established various systems and measures prohibiting employees from improperly acquiring, improperly disclosing or improperly using others' trade secrets.With the assistance of third-party professional organisations, Pango Micro has established a comprehensive trade secret compliance system and information security management system, formulated trade secret compliance policies, systems and processes, and assisted and guided the business departments in carrying out trade secret compliance work, which has further strengthened the company's protection of trade secrets.

This statement is applicable to all company departments, branch organisations and subsidiary companies.