CAIRE Inc.
2200 Airport Industrial Dr., Ste. 500 | Ball Ground, GA 30107 | USA
Ph 770-721-7700 | Fax 770-721-7701
www.caireinc.com

2024 Modern Slavery Statement
This statement is made on behalf of CAIRE Inc. and its affiliates and subsidiaries, pursuant
to the Modern Slavery Act and the California Transparency in Supply Chains Act. This
statement constitutes our slavery and human trafficking statement for the financial year
ending 31 March 2025.
All CAIRE affiliates and subsidiaries operate in accordance with CAIRE’s Code of EthicalBusiness Conduct. This Code guides our activities and staff across all our locations. It
describes our culture and our commitment to maintaining the highest level of ethicalbehavior in how we treat our customers, suppliers, business partners and each other.
This statement illustrates how we apply our Code of Ethical Business Conduct in practiceand reflects our continued commitment to challenge and confront the use of forced,compulsory, trafficked or child labor within our own organization and our supply chain.
CAIRE Structure and Supply Chain
CAIRE Inc. is a wholly owned subsidiary of Niterra Co., Ltd. (“Niterra”) and operates andmanages the CAIRE “family” of entities: AirSep Corporation, CAIRE Diagnostics Inc., CAIRE
Medical Ltd., CAIRE Medical France, CAIRE Medical Italy, CAIRE Medical Germany GmbH,CAIRE Medical Technology (Chengdu) and CAIRE Medical Japan.
CAIRE is a leader in respiratory solutions for the global healthcare community. CAIRE’s
oxygen therapy portfolio includes liquid oxygen systems, and portable and stationary
oxygen concentrators, some of which are equipped with telehealth solutions and sensitive
breath detection features designed to serve those individuals suffering from seriousrespiratory health conditions. CAIRE products support the needs of home care, hospice,long-term care, and US military, particularly those serving in combat zones. CAIRE’s
industrial brand, AirSep®, also supports the critical oxygen and nitrogen gas supply needs
with turnkey onsite generation solutions for top-tier hospital and commercial applications
including wastewater treatment and aquaculture.
CAIRE is a large purchaser of goods and services required for business operations. We
therefore partner closely with our direct suppliers to understand and evaluate their supply
chain practices. CAIRE establishes its Supplier relationships on lawful, efficient and fair
practices, and Suppliers must adhere to applicable legal and regulatory requirements intheir business relationships as set out in the CAIRE Supplier Integrity Guide. Suppliers are
responsible to ensure that they and their employees, representatives, sub-suppliers andsubcontractors comply with the standards of conduct set out in the guide and in othercontractual obligations to CAIRE. Our Supplier Integrity Guide sets standards designed toprotect the health, safety, and treatment of workers, including the prohibition of any formof modern slavery, including forced, bonded (including debt bondage), or indentured labor;
involuntary prison labor; sex trafficking; and slavery or trafficking of people.

Internal Management & Accountability
Our Chief Compliance Officer continues to oversee a team focused on combating modern
slavery in our supply chains and business operations. The Chief Compliance Officer provides
regular updates to the CAIRE board and executive team on the status of our anti-modern
slavery efforts and responsible supply chain program.
Policies in Relation to Modern Slavery and Human Trafficking
As reported in our previous statements, we have a Code of Ethical Business Conduct and a
Supplier Integrity Guide. Our Supplier Integrity Guide sets standards designed to protect
the health, safety, and treatment of workers, including the prohibition of any form ofmodern slavery, including forced, bonded (including debt bondage), or indentured labor;
involuntary prison labor; sex trafficking; and slavery or trafficking of people.
We have updated and publicly posted our Policy Against Modern Slavery to demonstrate
our commitment to combating modern slavery. The policy defines what modern slavery is,gives a concrete list of prohibited actions, and provides reporting channels for suspected
instances of modern slavery. We strive to hold our employees and suppliers to highstandards. Any violation of our standards by a CAIRE employee can result in disciplinary
action, including termination of employment. Any violation by a supplier can result incontract termination.
Risk Assessment & Due Diligence
We continue to assess modern-slavery risk in our supply chains and have initiated a supplychain-wide risk assessment which includes components specific to modern slavery. Ourassessment processes involve review and analysis to identify higher-risk areas of ourbusiness based on external reports and standards, country and sector risk profiles, andinput from experts in this area.
In 2019, we amended our contract templates to require compliance with our Supplier
Integrity Guide.
We conduct due diligence on direct suppliers which are identified as having higher risk
through the assessments described in the preceding section (collectively, the “higher-risksuppliers”). As part of the due diligence process, higher-risk suppliers complete an online
assessment questionnaire about their working conditions and management systems. The
due diligence process also includes supplier background checks, examination of laborrelated red flags that appear in publicly available databases and media sources, and areview of higher-risk suppliers’ names against human trafficking watch lists. If we discover
red flags, we conduct extensive and documented follow-ups to address these issues. In
certain cases, we may decide to no longer pursue a relationship or to terminate our current
relationship with a supplier.
We have instituted an annual review questionnaire for existing suppliers to understandsuppliers’ self-assessment of slavery and human trafficking issues, allowing us to better
identify slavery and human trafficking issues as they develop over time and to collectsupplier-provided data to track improvement in suppliers’ attitudes.

Training
Training on our Code of Ethical Business Conduct reinforces the expectation that
employees and contractors (collectively, “workers”) follow applicable laws and reportconcerns of illegal or unethical activity. We train workers to identify and avoid working withthird parties which engage in modern slavery or other illegal practices. Workers who
manage relationships with higher-risk suppliers receive supplemental in-person training.
Reporting Concerns or Raising Issues
We offer multiple reporting options to workers, including a helpline and online portal
which give callers an option to report concerns anonymously. We promote these reporting
options through our internal policies, communications, and trainings. We also have a policy
prohibiting retaliation for raising concerns.
If a modern slavery concern is raised through the helpline or other reporting channels, ourEthics and Compliance Team coordinates with appropriate stakeholders to investigate andaddress the issue. If a reported concern is substantiated, the corrective response may
involve working with the supplier to ensure that the issue is addressed or, if that is notpossible, terminating the supplier.