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Environmental, Social and Governance Report
OPERATING PRACTICES (CONTINUED)
Product Responsibility (Continued)
2. Advertising and labeling
While we engaged in large-scale marketing campaigns or advertisement to promote our business or
products, we also have designated sales representatives to meet with customers from time to time
to endorse our products and services. We ensure that all relevant sales and marketing efforts are
made in compliance with all applicable laws and standards enacted by the government and industry
associations.
During the Reporting Period, the Group complied with all relevant laws and regulations that have a
significant impact on the Group relating to health and safety, advertising, labelling and privacy matters.
Anti-corruption
The Group complies with all relevant anti-corruption laws and regulations, such as the Prevention of Bribery
Ordinance (ԣ˟༡༤ૢԷ) of Hong Kong Laws, the Criminal Law of the People’s Republic of China (ʕ
ശɛ͏ձΑج) and the Anti-Money Laundering Law of the People’s Republic of China (ʕശɛ͏
ձˀݹ፺ج), and other relevant laws and regulations that are related to corruption, bribery, extortion,
money-laundering and other frauds.
To reinforce corporate governance, we have formed an audit committee, while hiring external lawyers and
auditors to offer opinions on our financial reporting and other compliance issues. While we have complied
with Stock Exchange’s corporate governance requirements on listing companies, we will continue to review
and improve our internal control and corporate governance.
We have abstracted relevant sections of the Prevention of Bribery Ordinance in Hong Kong into the code of
conduct. Our employees are required to be aware of and declare if they have personal interests which may
conflict with the company’s interests.
Whistle-blowing policy
The Group encourages its employees, suppliers, customers and other stakeholders to report any
misconduct. We will promptly carry inspection and take necessary measures while protecting the identity of
the whistleblower.
During the Reporting Period, we had not identified any non-compliance in relation to corruption, bribery,
extortion, fraud and money laundering, which had a significant impact on the Group. The Group will regularly
review its internal anti-corruption system and improve it when necessary.
30 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018
