ETHICS AND PRINCIPLES OF ACTION

The people represent the human capital of every Society and, as such, are individuals to be protected and valued. It is therefore Maflex's intention, in conducting its business, to operate according to ethics, which is a fundamental condition for success and an essential asset for the Company.

Furthermore, a company adopts an ethical behavior when it embraces the social values that underlie our civilization. MAFLEX is aware that it is not enough to apply the laws; it is necessary to make the ethical principles and the culture in which it recognizes itself common, widespread, and shared.

In this sense, Maflex develops its own Ethical Code integrated with the Organization, Management, and Control Model ex D.lgs. 231/01. This is to promote the sharing and awareness of the fundamental values for a company that, first of all, is a group of people who promote a virtuous growth, rooted in the ethical principles that have always characterized our reality.

Maflex increasingly seeks to act as a positive force, to promote a conscious and different way of doing business and to have a positive impact on society and nature, to contribute to a sustainable development.

The main values that underpin the activity are:

• Sharing Growth (Growing together). The search for something innovative, not at the expense of others, the environment, the community, and the relationship with the new and different.
• People First (Attention to the Human Factor). In performing its activities, MAFLEX places people at the center, promoting and ensuring full compliance with health and safety regulations in the workplace and protecting individuals' fundamental rights.
• Legality and Anti-Corruption. MAFLEX conducts its activities in full compliance with corporate internal regulations, applicable laws, and regulations, as well as with fair cooperation with Institutions and Public Authorities. The Company prohibits corruption in all its forms and without exception.
• Honesty and Transparency. In its relations with all Customers, Suppliers, and other stakeholders, MAFLEX commits to operating transparently, basing every relationship on fairness, loyalty, honesty, professionalism, and mutual respect.
• Sustainability and Environmental Respect. In order to ensure responsible development, for Maflex, environmental protection is an integral part of its business practices; therefore, the Company responsibly utilizes its resources, fully aware of the connections and interactions present among the various dimensions of business activity and the impact it can have on the environment and territory.
• Equality. MAFLEX rejects all forms of discrimination and exploitation, promotes equal opportunities, respects diversity, and fosters inclusion, not only because it is right in itself but also because it is a source of well-being, creating a more motivated workforce for making the best decisions based on a deep understanding of the people who purchase MAFLEX products/services.
• Team Spirit. MAFLEX promotes teamwork as an added value, working towards a common goal, helping those in difficulty, and valuing individual contributions in a process of continuous mutual learning.
• Skills and Quality. MAFLEX seeks excellence and promotes the development of increasingly high-quality standards, in the interest of all stakeholders.
• Innovation. The Company is attentive to every evolution and seeks to provide its creative contribution in the service of business and the common good.
• Confidentiality of Information. Information is handled by MAFLEX in full compliance with the confidentiality and privacy of the interested parties.