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HENGYUAN REFINING COMPANY BERHAD I 13

COmPETITION

HRC supports free enterprise. We seek to compete fairly and ethically and within the framework of applicable competition laws;
we will not prevent others from competing freely with us.

COmmUNICATION AND ENgAgEmENT

HRC recognises that regular dialogue and engagement with our stakeholders is essential. We are committed to reporting our
performance by providing full relevant information to legitimately interested parties, subject to any overriding considerations of
business confidentiality. In our interactions with employees, business partners and local communities, we seek to listen and respond
honestly and responsibly.

COmPLIANCE

We comply with all applicable laws and regulations of Malaysia, and the countries where we have business dealings.

LOCAL COmmUNITIES

HRC aims to be a good neighbour by continuously improving the ways in which we contribute directly or indirectly to the general
well-being of the communities within which we work. We manage the social impact of our business activities carefully and work with
others to enhance benefits to local communities and to mitigate any negative impact as a result of our activities.

In addition, HRC takes a constructive interest in societal matters directly or indirectly related to our business.

POLITICAL ACTIvITIES

A. Of Company
HRC acts in a socially responsible manner within the laws of Malaysia, and the laws of countries with which we have dealings
in pursuit of our legitimate commercial objectives. HRC does not make payments to political parties, organisations or their
representatives. HRC does not take part in party politics. When dealing with Government, HRC has the right and the responsibility
to make our position known on any matters which affect us, our employees, our customers, our shareholders or local communities,
in a manner which is in accordance with our core values and General Business Principles.
B. Of Employees
Where individuals wish to engage in activities in the community, including standing for election to public office, they will be
given the opportunity to do so where this is appropriate.