JW Group strives to become a trustworthy corporate that is responsible for the healthy future of citizens based on transparent and fair management. JW Group wishes to become a corporate that would grow together with customers, executives and employees by contributing to the development of healthcare industry. Therefore, JW Group enacts the Code of Conduct for compliance and ethical management based on proper acts and value judgment that all executives and employees should abide byand declare the will to achieve them.

1. 1 We shall realize customer priority by thinking fromthe perspectives of the customers at all times.
2. 2 We shall autonomically comply with all related laws including laws related to Pharmacy
   Law, Exclusive Regulation and Fair Trade with regards to executing the businesses and
   works and shall not engage in acts that violate them.
3. 3 We shall compete in fair and transparent methods with competitors and shall actively
   cooperate in common obligations for the development of industry and for the health
   of mankind.

1. 4 All executives and employees shall strive towards sound and happy career by mutually accepting and respecting the dignity and value of human.
2. 5 The executives and employees shall execute the work at their best with passion based
   on utmost good faith and shall lead innovation at work.
3. 6 We shall protect the investment income of shareholders by realizing sound profits through effective management.
4. 7 We shall actively train and support the executives and employees in competence devel-
   opment and create a healthy working environment where passionate and competent people would feel like working.

1. 8 We, as corporate citizen, shall contribute to regional society and strive for harmonious joint development with the regional society.
2. 9 We shall endeavor to prevent environmental pollution and to protect nature for clean environment preservation.
3. 10 We shall actively cooperate with the national health and medical policies and shall always put in the best efforts in promoting national health and welfare

From the executives and employees of JW Group