Global Sources - Code of Ethics

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Introduction

Global Sources (the "Company") is committed to maintaining the highest standard of ethical conduct.

Ethics is about doing the right things, as an individual and as a director, officer or employee of the Company.

This Code of Ethics, which we refer to herein as the "Code," contains general guidelines for conducting the business of the Company consistent with the highest standards of business ethics.

This Code applies to all of our directors, officers and employees. We refer to all persons covered by this Code as "Company Employees" or simply "Employees."

The Company's core values are introduced and reinforced to Employees through induction briefings, training and employee communications. Every Employee is expected to conduct himself or herself in line with the Code of Ethics outlined below.

1. Personal Conduct

   1.1 The individual and collective conduct of Company Employees, in respect of the performance of their duties, should promote the Company’s business interests and activities.

   1.2 Employee honesty and integrity is essential to ethical business conduct, including the handling of actual or apparent conflicts of interest between an Employee’s personal and professional relationships.

   1.3 It is essential for every Employee to avoid making untrue representations or statements to anyone inside or outside the Company.

   1.4 Employees, other than directors who are not employees of the Company, are not permitted to engage in any freelance or other employment of a part time or full time nature, whether within, or outside working hours, without prior written consent from the Company.

   1.5 Employees may not make or offer to make payments to government officials or candidates for public office, either directly or indirectly, in order to obtain or retain an advantage in the business or other activities of the Company.

   1.6 Employees should avoid holding or owning a substantial interest in a company, which is a competitor, customer or a supplier, or acts as a consultant to or is employed by a customer or supplier, unless the Employee has disclosed such interest to the Company and has obtained the relevant approval.