Pinshop's Commitment to Supply Chain Transparency

At Pinshop, we are unwaveringly dedicated to ethical and responsible sourcing from our suppliers. We have implemented a comprehensive set of steps to ensure that all our suppliers share and uphold this commitment, thereby guaranteeing the integrity of our supply chain.

1. Rigorous Verification of Supply Chains

Pinshop mandates that all our suppliers strictly comply with all applicable laws regarding forced labor, human trafficking, child labor, working hours, harassment, abuse, discrimination, product safety, and factory security within our supply chain. We pay particular attention to suppliers who source and/or manufacture in regions that are considered high - risk in terms of these issues.

All our suppliers are expected to adhere to the Pinshop Supplier Code of Conduct. This code clearly outlines our expectations in areas such as slave labor, human trafficking, and other crucial social responsibility aspects:

· Record - Keeping for Compliance: Suppliers must maintain transparent and up - to - date books and records. These records should be able to demonstrate compliance with both applicable laws and industry standards. Any violation of applicable labor law will be regarded as a serious breach of contract by the supplier.

· Employee Disciplinary Procedures: Suppliers are required to establish formal written disciplinary procedures for employees involved in physical, mental, verbal, sexual, or any other form of harassing practices. These procedures must be clearly communicated to all current and prospective employees.

2. Thorough Audits of Suppliers

Our Supplier Code of Conduct empowers us or third - party auditors to verify compliance with any aspect of the code at any given time. Pinshop auditors are well - versed in our Supplier Code of Conduct, as well as the local laws, rules, and regulations of each relevant jurisdiction. Audits are typically conducted on - site and may involve in - depth discussions or interviews with both workers and managers, along with a meticulous physical inspection.

Any violations of the Supplier Code of Conduct are carefully documented. Each supplier is then obligated to formulate and implement a detailed corrective action plan. Unannounced follow - up visits may also be carried out to ensure that the identified violations are effectively addressed.

3. Mandatory Certification of Suppliers

All our suppliers are required to provide a written attestation stating that they comply with the Pinshop Supplier Code of Conduct, the legal requirements of all the countries where they conduct business, and the standards of their respective industries. This written certification serves as a clear commitment from the suppliers to uphold our high standards.

4. Robust Internal Accountability

The Pinshop Supplier Code of Conduct is seamlessly integrated into our day - to - day operations. Our category management teams are not only required to understand and comply with the code but also to closely monitor our suppliers' adherence to it. They are also responsible for submitting regular reports to Pinshop's senior leadership, detailing the steps they have taken to ensure compliance with the Supplier Code of Conduct.

Pinshop is constantly vigilant in identifying and addressing emerging supply chain risks in both existing and new markets. This proactive approach allows us to anticipate future trends and respond promptly to political and environmental events. We also regularly assess the need for additional measures to tackle the root causes of any supplier non - compliance, ensuring that our supply chain remains ethical and sustainable.