Governance Statement

Sustainable Governance: Integrity & Compliance 

 While safeguarding employee rights and workplace equality, we maintain a zero-tolerance stance against all forms of misconduct, including corruption and bribery. The compliance of our corporate operations is continuously optimized through the PDCA (Plan-Do-Check-Act) management cycle, ensuring that every decision aligns with ethical standards and legal requirements.

1. Anti-Corruption 

• Core Philosophy: Loong Yee Precision upholds "Integrity and Ethical Management" as the fundamental cornerstone of our corporate ethics. 
• Code of Conduct: The principles of ethical business are fully integrated into employee training programs to guide the conduct of all staff members. 
• Zero-Tolerance Policy: We enforce a zero-tolerance policy toward any form of bribery, corruption, fraud, or illicit behavior. 
• Internal Controls: We utilize the PDCA cycle to ensure that corporate operations and employee actions consistently meet the highest ethical and legal standards. 
• Proven Results: Through systematic prevention and rigorous internal oversight, the Company has recorded zero instances of corruption, anti-competitive practices, anti-trust violations, or monopolistic behavior to date. 
• Reporting Mechanism: Misconduct Reporting Form 

 2. Legal Compliance 

• Compliance Commitment: Loong Yee Precision pledges that all corporate operations shall fully comply with national and international laws, regulations, and industry standards. 
• Continuous Optimization: We leverage the PDCA management framework to consistently review and refine our compliance processes and internal controls. 
• Operational Benefits: Through standardized compliance management, we mitigate risks related to fines, litigation, or reputational damage, ensuring the long-term robustness of our sustainable operations. 

3. Enterprise Risk Management (ERM) 

• We deeply recognize the importance of corporate resilience. To maintain stable operations, department heads collaborate across functions to comprehensively identify internal and external environmental risks. 
• Standardized Process: We follow a structured workflow of identification, assessment, and response to keep potential risks within controllable limits.
• Strategic Opportunity: We strive to transform negative impacts into positive development opportunities, safeguarding the rights of the company, employees, shareholders, customers, and suppliers. 

 Management Summary: 

•  Foundational Compliance: Adhering to all financial, environmental, and occupational health and safety (OHS) regulations. 
• Strategic Monitoring: Effectively monitoring risks to minimize their impact. 
• Key Actions: Implementing internal codes of conduct through due diligence and proactive communication. 
• Systemic Execution: Utilizing risk assessment procedures based on the ISO 9001 Quality Management System. 
• Environmental Factors: Incorporating climate change variables into our management measures to mitigate environmental risks.

4. Information Security 

 Loong Yee Precision regards information security as the lifeline of our corporate operations. 

• Data Protection: We are committed to protecting all confidential data—including customer information, technical drawings, and internal operational data—from unauthorized access, destruction, or disclosure. 
• Robust Management: We have established a rigorous Information Security Management System (ISMS), continuously monitoring and updating protective measures to safeguard core intellectual property and maintain customer trust.