Code of Ethics

KOVOP, spol. s r.o. is a Czech manufacturing company established in 1999. The experience gained and intensive development in the field have given rise to a modern and stable company. We manufacture components for industry, mechanical engineering and construction. We supply renowned companies operating at both European and global level. The KOVOP Code of Ethics defines our core values, principles and expectations. Every employee is personally responsible for complying with this Code.

1. CORE VALUES

• Honesty and Transparency – All our actions are guided by honesty and transparency, which means that we do not tolerate any fraud or deceptive practices.

• Responsibility – We respect legal regulations and our obligations towards the company, employees and business partners. Every employee is responsible for their actions and their impact on the company and on society.

• Quality and Innovation – We strive for the highest quality of our products and the continual improvement of our processes. Innovation and technological progress are key drivers of our growth. In addition to engineering and industrial components, we are expanding our production with a new manufacturing segment. This segment is strategically important for us, and we therefore invest in state-of-the-art technologies and innovation in this area. Automation and digitalisation of production processes are an integral part of our strategy. We continuously invest in the latest technologies to ensure higher efficiency, quality and competitiveness of our products.

• Respect and Cooperation – We treat colleagues, business partners and customers with respect. We support open communication and fair dealing.

• Sustainability – We place particular emphasis on environmental protection and sustainable production, both within our manufacturing processes and in corporate decision-making. The new manufacturing segment enables more efficient use of materials, waste minimisation and a reduced environmental impact. Our production processes in this area meet the strictest environmental standards and contribute to sustainable development. We strive to minimise industrial waste and reduce emissions through efficient production management and the use of recycled materials and renewable resources.

2. PRINCIPLES OF ETHICAL CONDUCT

2.1. Responsibility towards Employees

• We promote equal opportunities and do not discriminate on the basis of gender, age, nationality, religion or any other factors.

• We ensure occupational safety and health, provide training and guarantee a safe working environment in accordance with ISO 45001.

• We offer fair working conditions, including appropriate remuneration, employee benefits and opportunities for professional growth.

• We support open dialogue between employees and management, including the possibility of anonymous reporting of problems or unethical behaviour.

• Development and Training – In view of the growing automation and digitalisation of our processes, we place emphasis on the continuous education of our employees. We provide training in modern production technologies. We support professional growth and offer employees opportunities for further specialist training.

2.2. Responsibility towards Business Partners

• We maintain honest and fair business relationships, ensure transparency, fulfil contractual obligations and prevent conflicts of interest.

• We protect confidential information of our business partners and customers.

• We comply with ethical principles in our relationships with suppliers and customers and cooperate only with partners who respect legal and ethical standards.

• We do not accept or offer any bribes, unethical inducements or other improper advantages.

• As a growing company, we place emphasis on long-term and sustainable relationships with our business partners. Our expansion into new markets is accompanied by strict adherence to ethical and quality standards.

2.3. Responsibility towards Society and the Environment

• We minimise negative environmental impacts through effective waste management, the use of renewable resources and the reduction of emissions in accordance with ISO 14001.

• We actively contribute to the development of the local community through charitable initiatives and support.

• We comply with legal regulations and standards not only in the field of business, but also in ethics and social responsibility, and we follow the principles of standard ISO 26001.

• We are committed to the responsible use of raw materials and energy resources in order to reduce the ecological footprint of our company.

2.4. COMPLIANCE WITH THE CODE OF ETHICS

• Every employee is obliged to act in accordance with this Code and actively contribute to its observance.

• Any violation of ethical principles must be reported to the responsible persons in the company, directly to management or through internal reporting systems.

• Employees who commit a serious breach of this Code may face disciplinary measures, including termination of employment.

KOVOP expects every employee to act in accordance with these principles and to contribute to building fair and sustainable business. Each of us is responsible for ensuring that ethical behaviour is an integral part of our corporate culture.