Report on Child Labour Due Diligence in
our Supply Chain
Re: Art. 946j-k of the Swiss Code of Obligations and the Swiss Ordinance on Due Diligenceand Transparency in Relation to Child Labor

This report relates to the due diligence and reporting obligations about child labor in Art. 946j-k of theSwiss Code of Obligations and the Swiss "Ordinance on Due Diligence and Transparency in relation toMinerals and Metals from Conflict-Affected Areas and Child Labour". The report covers the period
from 1 January 2023 to 31 December 2023. Due to the nature of the Triumph Group's businessactivities, which focus on the manufacture of underwear and do not require sourcing minerals andmetals from conflict-affected and high-risk areas, this report only refers to the due diligenceobligations pursuant to Art. 964k para. 1 no. 2 of the Swiss Code of Obligations. The present reportconcerns itself with due diligence obligations in relation to child labor, as Triumph sources textiles
from various countries where it is required to assess due diligence obligations in relation to child labor,and in accordance with Art. 964k, Triumph has carefully considered the requirements listed below andcomplied with them as described in the report:a) Triumph ensures that it complies with the due diligence obligations in its supply chains whenoffering products or services that it has reasonable grounds to suspect have been produced orprovided using child labor.
b) Triumph provides its suppliers and the public with up-to-date information on its supply chain
policy ("Code of Conduct") and includes it in contracts and agreements with all suppliers.
c) Triumph ensures that any concerns about child labor in its supply chain can be reported.
d) Triumph follows up on specific indications of child labor, takes appropriate measures to avert or
mitigate negative effects, evaluates the results of the measures, and communicates these results.

About Triumph International
Triumph Group, one of the world´s leading intimate apparel companies, was founded in Germany in1886. Today, it is headquartered in Bad Zurzach (Switzerland) and entirely privately owned. Triumph
is distributed in over 80 countries across the world. For its brands, Triumph and Sloggi, the company
develops, produces and sells underwear, lingerie, sleepwear and swimwear.

Our Commitment and Policies
Triumph Group acknowledges and respects internationally recognized human rights protocols acrossour global operations and supply chain articulated in our Code of Conduct (CoC) in accordance with
the United Nations Guiding Principles on Business and Human Rights (UNGPs). Our commitment
covers all internationally recognized human rights, including those contained in the International
Labour Organization (ILO) core labor conventions, including the Minimum Age Convention (n.138) andthe Worst Forms of Child Labour Convention (no. 182).
Triumph’s Code of Conduct is based on the “General Declaration of Human Rights”, which regulate
and promote positive working and economic relationships. Our Code of Conduct serves as a guiding
framework that defines and implements our expectations of our suppliers and business partners
based on those human rights standards.
Since 2012, our organization has been and currently is a participant of the amfori Business Social
Compliance Initiative, which supports companies to drive social compliance and improvements within
the factories in their global supply chains. As an amfori BSCI participant, we endorse the amfori BSCI
Code of Conduct and its terms of implementation and cascade them through our supply chain.
All business partners are required to sign and acknowledge the compliance on Triumph International
Code of Conduct, Triumph Business Ethics Guidelines and amfori BSCI Code of Conduct.

Implementation
We are in the continuous process of implementing our commitment to human rights using approaches
set out in the OECD Due Diligence Guidance for Responsible Business Conduct In this context, we haveundertaken the following due diligence steps and developed our Risk Management System:(a) Adhere to Triumph & amfori BSCI responsible business conduct and policy standards.
(b) Identify and assess significant risks to human rights through annual social audit.
(c) Implement measures and supplier training to prevent, cease, and mitigate adverse impacts.
(d) Monitor the implementation of policies and actions.
(e) Maintain regular communication with internal and external stakeholders to ensuretransparency and accountability.
Approach to Identifying, Mitigating or Preventing Adverse Impacts within Our Business andStakeholder Relationships
Responsible Sourcing PracticeOnboarding
Triumph considers the issue of child labor when onboarding suppliers, incorporating astringent evaluation process. This process includes a thorough examination of third-party
audit reports and meticulous scrutiny of relevant documents. Our Code of Conduct (CoC)
requires our suppliers to prohibit child labor within their operations and obligates Triumph toinvestigate any reasonable suspicions of child labor. In accordance with ILO Convention 138,
“Children and juveniles must not be employed. If our business partners are affected by arelevant national law, the minimum age must be complied with by this law; otherwise, only
persons who, when taking up employment, have reached the age of 15 or passed thecompulsory school age are employed."
As the CoC is part of the contract with any potential supplier, new suppliers must provide avalid social audit proving that no child labor issues have been identified before commencing
any business relationship. Following the documentation review and final visits, the supplier
will be onboarded and introduced to our policies and procedures.
Regular Monitoring Practice
The CoC mandates Triumph to address any alleged violations, including specific cases of childlabor, stating, "If a supplier violates one or more of the regulations within this CoC, thecompany concerned will be approached to instigate immediate corrective measures." The CoC
grants Triumph the right to investigate suppliers, as it is incorporated into our standard
contract terms. This provides us with the contractual right to conduct audits to monitor
compliance with the CoC and to terminate agreements for non-compliance.
We maintain constant vigilance over the risk of child labor through ongoing assessments
conducted by qualified third-party entities. Our own production facilities and businessassociates are required to furnish a valid third-party audit report, with most audits being semiannounced, providing a window of possible visits. Non-compliance with local law or our CoC,
including the prohibition on child labor, may result in immediate termination or remediation
measures agreed upon with the supplier, documented in a Corrective and Preventive Action

(CAPA) plan to ensure long-term improvement. Failure to adequately address non-compliancecan lead to contract termination.
Per the guidelines of amfori BSCI, business partners are obligated to establish an employment
policy that clearly articulates the minimum age for employment and provisions for theprotection of young workers. An extensive age verification process, encompassing scrutiny ofidentification documents and conducting in-person interviews, should be an integral
component of the recruitment protocol.
Assessment of Risk within the Supply Chain
There are certain instances under which the Social Compliance Department can demand
additional verification measures if the perceived risk is high (amfori country risk classification
updates on regular basis) where contrary extra caution is warranted (e.g. factory being locatedin a high risk area, regional compliance issues, etc).
In 2023, all 84 finished garment factories supporting Triumph business across 15 countries
were monitored for social compliance. As such, 74 factories located in ‘High Risk’ countries
were selected and audits were organized.
Country Name *Risk Label
Bangladesh
Bosnia And Herzegovina
Bulgaria
Cambodia
China
Germany
India
Indonesia
Japan
MoroccoPolandRomania
Sri Lanka
Thailand
VietnamMedium Risk
Medium Risk
Medium Risk
Medium Risk
Medium Risk
Low RiskMedium Risk
Medium Risk
Low RiskMedium Risk
Low RiskMedium Risk
Medium Risk
Medium Risk
Medium Risk

*Overall Risk
23.45
33.50
55.39
24.87
44.06
89.43
47.80
48.91
88.73
40.63
66.68
59.07
44.64
43.76
42.25

*Based on amfori ESG Compass under Worldwide Governance Indicator

UNICEF Children’s Rights in theWorkplace Index
Enhanced
Enhanced
Enhanced
Enhanced
Enhanced
Basic
Enhanced
Enhanced
Basic
Enhanced
Basic
Basic
Enhanced
Enhanced
Enhanced

The disclosure of Tier 1 and core and strategic Tier 2 suppliers on the corporate website
demonstrates the transparency and delegation in monitoring and assessing human rights risk
within the Triumph Group supply chain. This disclosure list updated annually.

Approach to Remediating and Reporting
Seek Remediation and Escalation

Suppliers must follow up and remediate issues raised by the third party in a timely manner.
We collaborate with the suppliers to create an action plan to resolve the issues within a given
timeframe. Besides, Triumph has also developed a process of escalation to track and pushforward appropriate follow-up work in case a critical violation is identified. If relevant factoriesfailed to follow the measures within certain timeframe, a warning letter will be issued. Other
business consequences such as suspension or permanently prohibited from producing ourmerchandise could also take place.
Through amfori BSCI audits and other social compliance audit schemes, we have not identified
any case of child labor. However, if an incident of child labor is identified (whether suspectedor actual), immediate attention and remediation are required. We expect the third party
and/or amfori secretariat (when applicable) to report within 24 hours and initiate aconference call within 72 hours to discuss necessary actions for remediate.
Grievance Mechanism and Industrial Collaboration
Triumph has established an effective grievance and whistleblowing mechanism in accordancewith the amfori BSCI's Code of Conduct. This mechanism serves both internal and external
stakeholders who may be negatively affected by Triumph's operations, including instances ofpotential or confirmed child labor.
An integrity hotline (integrity@triumph.com) has been instituted as an independent andconfidential channel for reporting information pertaining to inappropriate business practices.
This hotline is accessible to Triumph employees and third parties alike.
Moreover, as a participant in amfori BSCI, any third party has the opportunity to file agrievance regarding our BSCI implementation activities through the amfori BSCI Grievance
Mechanism (system@amfori.org).

Approach on Continuous Improvement
Mitigation Strategy
Given Triumph's extensive global supply chain presence, the implementation of a dynamic
mitigation plan becomes essential for identifying potential risks and formulating strategies.
Establishing enduring partnerships with key suppliers and maintaining a diversified supply
base are viable approaches. The critical task of monitoring and assessing supplier performanceis pivotal in guaranteeing adherence to our quality, ethical, and environmental standards.
Awareness-raising and Capacity Building
At Triumph, we place a strong emphasis on the comprehensive onboarding process for new
employees. They are not only introduced to our Codes of Conduct, but also undergo extensive
training on our values and principles. This process ensures that they are well-equipped toacquaint themselves with our corporate policies, fostering a culture of ethical practices fromthe very beginning.

Our commitment to transparency is further reinforced through regular internal reporting ofrisk assessment findings, including those related to operations and supply chains. This practicenot only aids in understanding the underlying causes but also keeps all stakeholders wellinformed and involved in our continuous improvement efforts.
Moreover, our Code of Conduct is extended to all finished goods suppliers. Factories subject
to audits are additionally expected to disseminate amfori BSCIs Code of Conduct throughout
their supply chain, promoting awareness beyond the initial tier. We also encourage ourfactories to participate in Triumph alignment workshops and amfori BSCI workshops.

Approval of Report
This report has been approved by the Global Management Board and signed on its behalf by theManaging Partner and Global Head of Sustainability on 2024.06 and constitutes Triumph Group'scommitments to avoid child labor for the financial year ending 2023.

Oliver Spiesshofer

Vera Galarza

Managing Partner

Global Head of Sustainability