OYO Group
Corporate Philosophy
andCorporate Code of Conduct

Finding the Best Answers
for the Future of our Planet,
Creating sustainable innovations for society

OYO Group
Corp o ra t e P h i l o s o p h y

P r o m o t ing e nvironme nt al harmony ands u s t a ina b ilit y w hi l e adv anc i ng t e c hnol ogi e st ha t s up port s af e t y ands ec ur it y a nd c ont ri but e t o soc i e t y1

PRIDEW e pr epare for th e u n kno wn cha lleng es o f the future byem br a cin g scien ce, ad va ncing sa fe, susta ina ble, a nden viron men tally co nscio us techno lo g ies,
wh ile main tain ing the utmo st integ rity.

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OYO Group
Corporate Code of Conduct

3

Making possible the impossible

Challenge

Building beyond past successes

Evolution

Sincere regard for all stakeholders

Integrity

Respecting diverse values andcontributing to society

Diversity

Making possible the impossible

Challenge

4Making possible the impossible

Code of Conduct 1

Challenge- 1 ) Re thi nk the possibilit ies

Anything is possible when we work together and persevere.

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Making possible the impossible

Code of Conduct 1Challenge- 2 ) Cul ti v a te ne w mar ket s and new ideas

Pursue new markets, new technologies, and new methodologies.

Contribute to sustainable development goals (SDGs) with businessinitiatives that aim to solve social problems.

Cultivate markets in which our technologies can provide continuing
value to society.

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Making possible the impossible

Code of Conduct 1Challenge- 3 ) Develop novel technologies

Develop novel technologies. Respect diversity and originality.
Discover value in cultivating and sharing new ideas.

Be open to any and all feedback, from all sources, including
the market and customers.

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Making possible the impossible

Code of Conduct 1

Challenge- 4 ) Forge innovations that transcend boundaries

Create value by collaborating, exchanging ideas, and engaging inco-creation.

89Building beyond past successes

Evolution

10Building beyond past successes

Code of Conduct 2

Evolution- 1 ) Look to the future, not the past

In an everchanging business environment, we must learn to movebeyond the past and look to the future. Our past achievements do notguarantee our future success. Relying on the past can impede ourfuture. Always look for better ways of doing things, be open to new
ideas, and evaluate the past with a critical mindset.

Every failure presents a learning opportunity- analyzing root causes offailures and building upon setbacks will pave the way for future
successes.

11Building beyond past successes

Code of Conduct 2Evolution- 2 ) Be committed to growing as a company

We are committed to growing as a company by continuing to invest intechnological innovations, investing in our people, and keeping abreast ofmarket expectations.

12Building beyond past successes

Code of Conduct 2Evolution- 3 ) Actively utilize outside resources

We aim to maintain a broad perspective and actively utilize all available
resources to grow and continuously create the best solutions andservices for the customers and regions that we serve.

Keep abreast of market needs, elevate and communicate innovations,and aim to solve large-scale societal problems with innovative andsustainable solutions.

13Building beyond past successes

Code of Conduct 2Evolution- 4 ) Adapt to change

We welcome and embrace change and adapt accordingly in order to staystrong, survive and thrive.

We are interested in innovations from all fields in addition to our own
and we welcome the opportunity to interact with and learn fromeveryone in order to evolve and adapt as necessary.

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Sincere regard for stakeholders

Integrity

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Integrity

Sincere regard for stakeholders

Code of Conduct 3- 1 ) Always keep stakeholders in mind

Engageinourworkwithfervor

andintegrity,

bemindfulofall

stakeholders including customers, shareholders, trading partners, andthe societies which we serve.

Strive to enhance the quality of results and always improve operations
to exceed customer expectations.

17Sincere regard for stakeholders

Code of Conduct 3Integrity- 2 ) Observe all laws and regulations

Act in accordance with laws, regulations, social norms, and all company
rules to earn and keep the trust of all stakeholders.

Act with fairness and integrity, maintain the highest ethics in our workand contribute to the creation of sustainable solutions.

18Integrity

Sincere regard for stakeholders

Code of Conduct 3- 3 ) Engage in thorough risk assessment and risk management

Regularly

evaluateandassessrisks

totheCompany,

establish

preventative measures, and verify the status of those efforts. Diligently
protect and manage all Company intellectual property and information
as well as that of our customers and trading partners.

In the event of emergencies such as large-scale natural disasters,
mobilize all available resources including the entire Company to support
business continuity and also regional recovery and reconstruction.

19Sincere regard for stakeholders

Code of Conduct 3Integrity- 4 ) Avoid any and all illegal activities and associations with any andall groups or individuals who seek to profit from illegal activities
including violence, force and fraud (“anti-social forces”)

We will have no dealings whatsoever with any groups or individuals that seek
to profit from illegal activities such as violence, force and fraud. Such groups
include criminals, organized crime groups (e.g. Boryokudan/Yakuza, mafia,gangs), and any and all other groups or individuals that have the potential forviolence and/or illegal social unrest ( anti-social forces ).

We will work with and coordinate as necessary with any and all requisite agencies,
including law enforcement authorities and legal counsel, to protect our Companyand employees from antisocial forces and their potential harm and damages.

20Sincere regard for stakeholders

Integrity

We w i ll ne ve r e ngage in b ackroom d eals or op en ourselves to und ue
dem ands or inf lue nc e s by anti-social forces.

We w i ll always e ns ure t he safety and wellb eing of any emp loyees whocom e unde r t hr e at of ant i-social forces.

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Respecting diverse values andcontributing to society
Diversity

22Diversity

Respecting diverse values and contributing to society

Code of Conduct 4- 1 ) Respect human rights

We respect and value the rights of individuals of all origins and diverse backgrounds.
We value and applaud diversity and celebrate our differences.

We pledge to neverdiscriminate against anyone on the basis of race, gender, age, nationality, religion,
disability or any other protected class.
We pledge to create a workplace in which all individuals, of all backgrounds andideologies can support and nurture one another and thrive together.
Code of Conduct 4- 2 ) Incorporate diverse values and ideas

Activelyseek

diverseop inio nsa ndcha lleng e

exis t ing

m e t ho d sandsolutions in search of bett e r o nes . I nco r p o r a t e d iver s e va lues a nd i d e a s
into all aspects of our work s o t ha t w e ca n c o nt inua lly e vo lve in o r d e r t o23m eet the challenge of a chang ing w o r ld .Respecting diverse values and contributing to society

Code of Conduct 4-3)

Diversity

Create a pleasant workplace

Prioritize health and human safety above all else and work to prevent accidents andinjuries in the workplace and at the job site.

Work to create a pleasant workplace in which every employee respects one another,and everyone is fully cognizant of respecting and adhering to all applicable laws andregulations.
Support work-life synergy by optimizing work hours and encouraging strong
physical and mental health for all employees.

We prohibit any and all forms of harassment in the workplace including harassmentof any individual or group based on national origin, race, color, religion, age, gender,sex, sexual orientation, pregnancy, appearance, disability, sexual identity, marital
status or any other protected status.

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Respecting diverse values and contributing to society

Code of Conduct 4Diversity- 4 ) Establish a rewarding workplace

I n cr eas e e mploye e mot iva tion and create a workp lace that insp ires asen se of ac hie ve me nt . Develop ap p rop riate evaluation method ologiesan d e ns ur e c omme ns ur at e p ay.

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De s cri pti on of th e i co ns

PrideChallenge

Evolution

Integrity

The circle within the human head represents the Earthand the human brain.
The polished and shining diamond motif expresses
future progress.

The illustration aims to convey that even goals above
the clouds that may seem unattainable at first can bereached by climbing one step at a time. It is a depictionof turning the impossible into the possible whilesteadily building on existing successes.

The icon is a plant sprouting up from layers of soil. It is an
illustration of something new sprouting forth throughlayers of difficulty over the years.

The personʼs hand is over their own heart representing
thoughtfulness toward others and moral reflection. The
subdued color of the heart expresses serenity.

Various shapes are placed in a radial pattern. The

Diversity

differing shapes represent the individuality of employees
and the circle they form is the collective body. It is an
illustration of how individual characteristics cometogether to form the greater workplace community.

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2020 Edition