Statement of Compliance with Export Control Regulations

One of the fundamental policies adopted by Ningbo Aura Semiconductor Co., Ltd. (hereinafter referred to as "Aura") is to abide by applicable national and international export control laws and regulations including those of China, the United States, the European Union and any other applicable export control laws and regulations; to fulfill the export control obligations and responsibilities; and to sustain Aura’s corporate commitment to being an honest and responsible enterprise deserving of trust from its customers, suppliers and partners. Aura believes that compliance with applicable export control laws and regulations enables Aura to mitigate trade compliance risks, to enhance its competitiveness in international markets, and to guarantee Aura's continued success.

Aura has established and implemented its internal compliance program (ICP) based on a “catch-all” control regime, and prioritizes export control obligations above commercial profit. If Aura believes that the products, technologies, and services to be exported, whether physical or intangible, may be used for developing or manufacturing weapons of mass destruction, their delivery systems, unauthorized conventional military equipment or any other prohibited end use pursuant to applicable laws and regulations that may jeopardize the national or regional peace or stability or fall into the hands of terrorist organizations, Aura will, based on the principle of “catch-all” control, implement relevant export control measures and refrain from exporting such products, technologies, and services.

Aura verifies and screens transaction parties involved in its business operations, including but not limited to customers, suppliers, and partners, so as to comply with applicable export control laws and sanction regulations. Aura conducts export control classifications for its products and technologies, and obtains export control licenses when necessary.

Aura has set up a compliance department to be responsible for developing and improving export control and related sanction compliance policies, systems, and processes.To ensure the implementation of trade compliance requirements, Aura has clearly defined the responsibilities of relevant corporate functions, developed and disseminated relevant guidance documents, built a robust record keeping system, strengthened training and development of professional knowledge and export control skills for its employees and the management team, and conducted periodic internal assessments.

This statement applies to all departments, branches and subsidiaries of Ningbo Aura Semiconductor Ltd.

 

Ningbo Aura Semiconductor Co., Ltd.