Hulic : Revision of the "Hulic Human Rights Policy"

NEWS RELEASE

To All Parties Concerned	May	11, 2023
	Hulic	Co., Ltd.

(Securities Code: 3003; Prime Market)

Revision of the "Hulic Human Rights Policy"

Hulic Co., Ltd. (hereafter "Hulic") announced today that it has revised the Hulic Human Rights Policy (hereafter "the Policy") as attached. We have been striving to conduct business activities that respect human rights. To further strengthen our efforts to respect human rights, we have revised the Policy in order to align that value with the United Nations' Guiding Principles on Business and Human Rights.

Hulic continues to work toward the realization of a society full of safety, peace of mind and trust, and for the continuous improvement of corporate value.

END

Appendix

The Hulic Human Rights Policy

Based on the United Nations' Guiding Principles on Business and Human Rights, we have established the Hulic Human Rights Policy (hereafter "the Policy") so that all employees can maximize their abilities and contribute to the realization of a society full of safety, peace of mind and trust.

1. Adherence to International Human Rights Standards

We uphold and respect international standards related to human rights. These include the International Bill of Human Rights and ILO Declaration on Fundamental Principles and Rights at Work.

2. Scope of Application

The Policy applies to our all officers and employees, and we strive to raise their awareness through training and other means. In addition, we expect our customers and business partners to support the Policy and cooperate with us in promoting efforts to respect human rights through compliance with the Policy.

1. Implementation of Human Rights Due Diligence
   Through dialogue with stakeholders and other means, we assess in advance any negative impacts on human rights and take both preventive and improvement measures. In addition, we evaluate the performance and effectiveness of these measures and disclose relevant information.
2. Corrections and remedies
   If it becomes clear that we have had a negative impact on human rights due to its business activities, or that it has been complicit in such impact, we work to correct and remedy the situation using appropriate procedures. In addition, we maintain a system for reporting and consulting about any acts that have a negative impact on human rights.
3. Review of Priority Themes Related to Human Rights
   Priority themes related to human rights are listed below. As these priority themes may change in response to evolving business and social conditions, we revise them as needed.

Appendix

【Priority Themes Related to Human Rights】

• Prohibition of discrimination

We prohibit any discrimination against any person on the ground of his or her belief, religion, age, sex, sexual orientation, race, nationality, origin, physical or mental disability, etc.

• Prohibition of harassment

We prohibit any act, including sexual harassment or abuse of power, to inflict emotional distress on any person by language or behavior that damages his or her character or dignity.

• Prohibition of child labor We prohibit any child labor.

• Prohibition of forced labor

We prohibit any forced labor carried out through violent acts or intimidation.

• Respect for the right of freedom of association and right of collective bargaining

In line with international labor standards, we respect the right of freedom of association and right of collective bargaining.

• Reduction of excessive working hours

In addition to ensuring compliance with labor-management agreements, including the 36 Agreement and laws and regulations of relevant countries and regions, we adopt basic policies to reduce overtime work and limit excessive work.

• Securing of health and safety of workers

In accordance with laws and regulations of relevant countries and regions, including the Labor Standards Act, we endeavor to offer a workplace where workers can work healthily and safely.

• Payment of wages over minimum wage

We pay wages over minimum wages prescribed in various local laws and regulations as well as the Minimum Wage Act.

Revised April 2023

Takaya Maeda

President, Representative Director

Hulic Co., Ltd.