Shui On Land Limited strives to conduct all business affairs in accordance with the highest business ethics standards, acting as a socially responsible company and a good corporate citizen. This Code of Conduct & Business Ethics sets out basic principles and practices to guide all directors and employees of the Company (including Shui On Land Limited and all its subsidiaries). This Code will also be provided to and should be followed by the Company's agents and representatives. Please take the time to read the full text of the Code of Conduct & Business Ethics.