Code of Ethics TES VSETÍN s.r.o.

The TES Code of Ethics sets out the basic principles and rules of behaviour and conduct within
the company and towards customers and all other partners. With our Code of Ethics, the company
is fully committed to compliance with the rules and procedures defined below. The Code of Ethics
is not legally binding, however, its content and intent complements a wide range of statutory
and legal regulations to which we adhere.

Compliance with the law and standards:

  • In all areas of our business we respect the applicable laws, regulations and similar rules of business.

Customers and suppliers:

  • We act professionally. We conduct our business in a manner that is consistent with the law and ethical standards. We expect the same from our business partners and suppliers.
  • We respect previously established decisions that are always in compliance with the applicable laws,
    standards and regulations, as well as with the negotiated terms and conditions of business and general standards of business etiquette.
  • We promote open communication. We readily provide all available information in a responsible, earnest,
    true and timely manner.

Quality, safety and environmental protection:

  • The quality of our products, the level of service we provide and our consistent compliance are the most valuable benefits our customers can expect from conducting business with us.
  • We adamantly adhere to the principles of safety and risk prevention.
  • We actively apply the principles of environmental protection.

Employees:

  • We respect the principles of teamwork. We pursue a common goal; we work together and we trust each other.
  • We promote good interpersonal relationships, including vertical relationships within the hierachies in our team.
  • We support professional growth and fair rewards for all employees.
  • We always and under all circumstances protect company interests. We protect the confidentiality of all information we have obtained in the course of business and also in our private lives. We will never misuse confidential information for our own benefit or the benefit of third parties, both during and after
    the termination of our employment. Confidential information includes all information in any form to which
    we gain access during employment with the company, directly or indirectly.
  • We have a positive mindset and we see problems as challenges.
  • Employees are responsible for themselves and for their company, which they represent in their work, conduct and behaviour.

Shareholders:

  • We act openly and honestly. We provide all information that is considered relevant or useful to our shareholders and partners including financial, performance, ownership and company management details.