Anti-fraud and Corruption

SHR conducts its business with transparency and fairness, adhering to the principles of good corporate governance and strictly complying with the laws of each country and relevant regulatory bodies. The Company promotes a strong awareness of anti-fraud-and-corruption among directors, executives, and employees at all levels. Anti-fraud-and-corruption policies and practices are regularly communicated, and an effective internal control system is in place to prevent fraud, corruption, and bribery in all forms. SHR is committed to being a responsible and sustainable business.

Anti-fraud-and-corruption practices in hotel operations present an opportunity to enhance the Company's credibility and brand image, attract customers and investors who prioritize governance, and strengthen internal management systems. These practices also support global business expansion. However, any actions in violation of anti-fraud-and-corruption principles may expose the Company to legal penalties, reputational damage, strained business relationships, and increased risk management costs. Therefore, implementing robust internal controls and fostering a culture of transparency are essential to long-term business success.

Performance

Management Guideline

• Compliance with Anti-Fraud and Anti-Corruption Policy
• Regular risk assessments and strong internal controls
• Clear procedures for high-risk activities (e.g., donations, gifts, conflicts of interest)
• Integration of anti-corruption into HR processes and training
• Protection for employees who refuse to engage in corruption
• Open communication and whistleblowing channels with guaranteed confidentiality and protection

Participation in the Thai Private Sector Collective Action Coalition Against Corruption (CAC)

In February 2024, the Company declared its intention to join the Thai Private Sector Collective Action Coalition Against Corruption (CAC) and is currently in the process of applying for CAC Certification. On January 2, 2025, the Company officially adopted the revised Anti-Corruption Policy to align with applicable laws. This policy applies to directors, executives, employees, and subsidiaries, and encourages joint ventures and business representatives to adhere to the same standards.

The Company is committed to a zero-tolerance approach to all forms of corruption, whether direct or indirect. All personnel are required to strictly comply with the policy, operational guidelines, and the Code of Business Conduct without exception.