CEO MESSAGE
Fair Trade Compliance Declaration

Fairness, transparency, and coexistence with partners have recently been underscored in corporate management.
Moreover, as many cases demonstrate, unfair trading is the main culprit in deteriorating corporate competitiveness and putting a company in crisis.
We must especially strive to comply with fair trade laws and coexist with our partners in such times.

In 2024, Hyundai KEFICO plans to fortify and push forward its Fair Trade Compliance Program, including preventive activities against legal violations,
the strengthening of fair trade training, and fair trade risk and effectiveness assessments, under the belief that fair and transparent transactions
-- and by extension coexistence with our partners -- contribute to enhancing our Company's competitiveness and sustainable growth.

Accordingly, I hope for our employees' active participation in our Fair Trade Compliance Program and request the following to practice fair trade.

Firstly, I prohibit unfair subcontracting transactions when transacting with our partners.
Please comply strictly with subcontracting laws when transacting with our partners,
such as documenting agreements, determining prices, making payments, and requesting technical data.

Secondly, transactions should be conducted transparently and fairly with group affiliates and non-affiliated companies.
As a rule, select suppliers through competitive bidding, but especially check the three requirements
of efficiency, security, and urgency when proceeding with all private agreements, including those with Group affiliates.

Thirdly, every effort must be made to eradicate and prevent collusion.
The government is strengthening regulations and penalties because collusion is to be determined to have a significantly negative impact on economic development.
So, particular caution must be taken against collusion.

Fourthly, I request your voluntary participation in our Fair Trade Compliance Program and activities.
Compliance with fair trade requires the cooperation of every one of us.
May all department employees participate with their own volition and apply their sense of examination to prevent legal violations.

Dear beloved employees,
I ask for your continued interest and practice in properly establishing compliance management
and a fair, transparent transaction culture to develop Hyundai KEFICO into a bastion of sustainable growth.