Yanfeng Hourly Nonexempt Handbook

CODE OF CONDUCT

We want Integrity to be the cornerstone for our behavior. For us as a company, Integrity means doing what is right by following ethical norms as well as company policies. Integrity is not some abstract concept; rather, it is a value that must underlie everything we do. As a member of the YANFENG team, you are expected to always uphold this core value. And as leaders, we pledge that you will never be alone in doing so. Our Code of Conduct (the “Code”) provides guidance for ethical business conduct and serves as the foundation for our commitment to Integrity as a company. The Code is part of our Compliance Management System which is in place to support healthy and sustainable growth. We ask you to make the commitment to embrace our Code and join in building a company culture dedicated to Integrity and quality in everything we do.

If you have a question about the Code or you are concerned about a potential violation of the Code, you have many options:

• Discuss the issue with your supervisor

• Discuss the issue with another supervisor or manager

• Contact your HR Representative

• YANFENG Integrity Helpline via the Internet at: www.Yanfeng.ethicspoint.com

• YANFENG Integrity Helpline via telephone: 855-831-3125

YANFENG does not tolerate retaliation for asking questions or raising good-faith concerns of possible violations of the Code. Your concerns are taken very seriously. We will investigate reports of possible violations of the Ethics Policy. All employees are expected to fully cooperate with investigations conducted by the Company. Violations of the Code of Conduct are subject to disciplinary action up to and including termination.

CONFLICTS OF INTEREST AND ETHICAL BUSINESS BEHAVIOR

YANFENG is committed to maintaining the highest standards of ethical business practices. Conflicts of interest arise when the personal interests of an employee influence or appear to influence that employee’s ability to act in the Company’s best interest. For example, employees must never accept payments or other favors that might be regarded as placing yourself under some obligation to a supplier, customer or anyone who wants to do business with YANFENG.

Additionally, outside activities, such as a second job or self-employment, must be kept separate from your employment at YANFENG. Any activity or personal financial interest

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