1. The purchasing of products and services is one of the important operation procedures in our company. In order to attain the maximum economic benefits for the company, Board of Directors takes the responsibility to devise a comprehensive purchasing regulation and provide a fairness platform for all suppliers and sub-contractors (generally named as “vendor”) to process their quotations and tenders.
  2. The role of the purchasing regulation is to define standard methods and procedures for the Company to purchase products and services from different vendors. This regulation covers all expenses for the company, including but not limited to: office renovation, items for daily operations (e.g. office materials), marketing promotion, sales activities, computer equipment and software/ system developments etc.
  3. Compliance with this regulation is mandatory for all employees. Noncompliance with this regulation could lead to action including termination of employment. The purchasing department is responsible for maintaining and implementing the processes defined in this regulation.
  4. The company does not allow staff to receive any benefits (including commissions) from suppliers. Board of Directors require staff who are responsible for purchasing to sign a commitment, in which purchasing staff promise to submit the Application Form to declare immediately any knowledge regarding familiar (or going to have) relationship between themselves or family members with suppliers (e.g. relatives, employers, shareholders, etc.) to CPL / the relevant Department. Staff who do not take the initiative to declare any potential conflict of interest breach company regulation.
  5. All employees who are involved in the purchasing procedures should avoid frequent participation in social activities or decline invitation to luxurious receptions being organized by suppliers. In neither work related nor private occasions, staff must obtain prior approval from relevant supervisors before joining such activities and avoid joining on their own.