Governance
Tongwei has always placed great emphasis on employee development and value realization, product responsibility and production safety, sustainable supply and community building, while being deeply committed to charitable and public welfare causes.
Business Ethics and Anti-Bribery Management
Tongwei is committed to operating with integrity and compliance, establishing a comprehensive corporate compliance system and risk management system including anti-monopoly, anti-unfair competitive behavior, anti-commercial bribery and anti-corruption, etc. Tongwei operates against the most stringent principles of business ethics and effectively manages the risks associated with business activities with specific policies and procedures.
In 2023, we revised and published the Tongwei Co., Ltd. Business Ethics Code of Conduct. The code applies to the whole company and all its branches and subsidiaries, mainly covering the following contents:
In 2023, we revised and published the Tongwei Co., Ltd. Business Ethics Code of Conduct. The code applies to the whole company and all its branches and subsidiaries, mainly covering the following contents:
Anti-Corruption
and Anti-Bribery
and Anti-Bribery
Tongwei adheres to a commitment to honest business operations and the principle of integrity during its operations, prohibiting all employees from accepting or offering any form of benefit, thereby eliminating all forms of corruption and bribery.
Conflicts of Interest
Tongwei is dedicated to avoiding conflicts of interest in its business dealings, requiring employees to make rational decisions and promptly disclose any potential conflicts of interest to the compliance department.
Competition
and Anti-Monopoly
and Anti-Monopoly
Tongwei is committed to engaging in free and fair market competition, strictly adhering to competition laws and anti-monopoly regulations, and requiring suppliers and partners to sign the Anti-Monopoly and Anti-Unfair Competition Agreement to avoid improper competitive conduct in business processes.
Responsible Marketing
Tongwei pledges not to make false statements, respects customer privacy, actively carries out customer education, and regularly reviews the compliance of marketing practices. Employees are required to convey truthful and credible product marketing information to customers, thereby establishing a positive brand image.
Business Confidentiality
Agreement
Agreement
Tongwei strictly adheres to relevant laws and regulations on privacy, data protection, and information security. The Company signed the Confidentiality Agreement with employees, suppliers, and partners to ensure that the privacy of all business partners is effectively protected.
In 2024, Tongwei formulated and publicly released the official Tongwei Co., Ltd. Anti-Corruption and Anti-Bribery Policy. Tongwei is committed to strictly complying with the anti-corruption and anti-bribery laws and regulations of the PRC and the countries in which each of its business counterparts and stakeholders are located.
Business Ethics Audit
Tongwei conducts regular audits on anti-corruption and business ethics annually, ensuring that all operational aspects are covered at least once every three years. The audit frequency may be increased based on specific business needs.
In 2024, Tongwei conducted 117 business ethics audits, covering routine and specialized business ethics audits of all the subsidiaries, both established and under construction. The audit content included, but was not limited to, anti-corruption, anti-bribery, responsible marketing, fair competition, and information confidentiality.
In 2024, Tongwei conducted 117 business ethics audits, covering routine and specialized business ethics audits of all the subsidiaries, both established and under construction. The audit content included, but was not limited to, anti-corruption, anti-bribery, responsible marketing, fair competition, and information confidentiality.
Anti-corruption Training
Tongwei attaches great importance to the development of an anti-corruption culture and compliance ability. All the senior managers and staff are required to participate in the annual business ethics and anti-corruption training organized by the Audit Department and sign the Letter of Undertaking on Compliance with Laws and Rules for Clean Performance, ensuring that all the staff abide by applicable laws, regulations and occupational ethics. Besides, Tongwei requires all the partners and suppliers to participate in the business ethics and anti-corruption training organized by the Company and sign the Anti-Commercial Bribery and Compliance Commitment Letters to demonstrate their understanding and adherence to the Company's code of business ethics.
Key Performances
180
Training on anti-corruption themes in 2024 (times)
167
Cumulative training hours
66,163
Total participants
100%
Anti-corruption training coverage rate for employee
100%
Anti-corruption training coverage rate for partners and suppliers
100%
Pass rate of anti-corruption training for directors, managers and employees
Contact Us
You can through the following contact information to provide your feedback
twesg@tongwei.com