The Cosmo Oil Group recognizes the importance of acting with fairness and integrity as a member of society. We have the "Cosmo Oil Group Corporate Ethics Regulations (including Corporate Activity Guideline) to reinforce legal and regulatory compliance in our business activities. The Activity Guideline illuminates how we should behave and what applicable laws and codes exist in relation to stakeholders, such as individuals and companies.The "Cosmo Oil Group Corporate Ethics Committee" facilitates implementation of the Regulations, and this committee is chaired by the president of Cosmo Oil Co. The "Refinery Compliance Committee" subordinates to the Committee.We also have the "Cosmo Oil Group Corporate Ethics Promotion Office"to support the Committee, and a telephone and e-mail helpline managed by the office for employees to discuss or report their concerns. In each company of the Cosmo Oil Group, the president is responsible for promoting corporate ethics, and through these arrangements, we believe that the Group will maintain the public's trust.