Employees Relations

Sincere Navigation Corporation adheres to labor laws and relevant regulations in employing its staff, with employee salaries and benefits managed according to company personnel regulations to safeguard employee rights. The Company also conducts mandated employee health checks and provides health education materials; employees are provided with accident insurance when traveling. Crew contracts and shipboard living/working environments comply with the provisions of the Maritime Labor Convention. Communication channels between the Company and employees are smooth, with significant Company matters communicated through official documents and emails.

The implementation status of various employee welfare measures, training, education, retirement systems, agreements between labor and management, and measures to safeguard employee rights are as follows:

1.Employee Welfare Measures: The Company treats its crew well, providing competitive salaries and meals, prioritizing work-life balance, healthcare, and proper care for crew members’ families to alleviate concerns. Additionally, occasional employee outings and holiday gatherings are organized to enhance harmonious relations between labor and management.

2.Employee Retirement System: Since January 1st, 1987, the Company has established retirement regulations for regular employees (excluding contracted crew members), with retirement benefits calculated in accordance with Labor Law. An annual provision is made for retirement funds, deposited into a financial institution specifically for disbursing employee retirement benefits. Since July 1st, 2005, employees who opt for the application of the “Labor Retirement Pension Act” have 6% of their salary deducted monthly for retirement savings, deposited into their individual accounts with the Labor Insurance Bureau.

3.Implementation Status: The group’s welfare policies are implemented as usual, and retired employees can receive retirement benefits according to the Company’s retirement regulations, resulting in no major disputes, with labor and management maintaining good relations.

4.Protection Measures for Working Environment and Employee Safety: In addition to providing a safe and healthy working environment for employees, the Company undertakes the following:
(1) Regular employee health check-ups and provision of health education materials.
(2) Employee coverage under 24-hour travel accident insurance.
(3) Contracting with international medical service institution to provide immediate medical consultations for crew members.
(4) Ensuring crew members have fair employment contracts and receive full compensation for their work.
(5) Ensuring crew members are adequately trained and qualified to perform their onboard duties.
(6) Providing crew members with sufficient rest periods onshore to promote their health, welfare, and operational requirements.
(7) Enforcing regulated working hours or rest periods for crew members onboard.
(8) Providing crew members with appropriate living quarters and recreational facilities onboard.
(9) Protecting crew members’ health and ensuring prompt access to onboard and onshore medical care.

Employee Training and Development Programs
The Company upholds a merit-based talent strategy and adopts a prudent approach to career development planning for its employees. Distinct training programs are designed respectively for sea-based and shore-based personnel, encompassing both routine and professional on-the-job training. Through the systematic integration of work experience and training, the Company continuously enhances employees’ professional competencies, ensuring the sustainable development of both corporate operations and human capital.

The Employee Training and Development Programs aim to strengthen employees’ ability to fully leverage their strengths and potential in the workplace, thereby achieving individual professional growth while enhancing overall corporate value. In addition, the Company encourages employees to pursue external professional training and continuing education to support self-development and professional advancement.

Training Programs for Shore-Based Personnel

Training programs for shore-based personnel include orientation programs for new hires, leadership and management development programs at various levels, and corporate sustainability-related training. The programs are open to all Group employees, including new hires and managers at different levels.

New Employee Orientation
This program focuses on communicating corporate culture, core values, and professional conduct. In 2025, the orientation program was attended by 8 participants, with a total training duration of approximately 15 hours.

Leadership and Talent Development Programs
These programs are designed to cultivate leadership and management capabilities among managers, while also incorporating topics such as team communication and sustainability. The objective is to develop managerial competencies, identify high-potential talents, guide managers in leveraging their strengths, and progressively establish succession planning.
In parallel, employees are provided with training on team communication and cross-functional collaboration to strengthen horizontal cooperation. In 2025, relevant training programs covered topics such as performance evaluation, leadership development workshops, and teamwork, with a total of 77 participants and approximately 341.5 training hours.

Corporate Sustainability-Related Training
This category primarily addresses environmental, social, and governance (ESG) issues, including but not limited to information security awareness and ESG-related courses. The purpose of such training is to communicate the Company’s sustainability governance objectives and industry policy trends, thereby enhancing employees’ understanding of and engagement with corporate goals.
In 2025, training topics included basic information security awareness, greenhouse gas inventory and management, group governance and performance management strategies, talent development trends, sustainability risk management, and sustainability-related legal responsibilities. A total of 82 participants attended these programs, with approximately 234 training hours.

Training Programs for Sea-Based Personnel

Training programs for sea-based personnel are arranged based on job roles, professional requirements, and years of service. A blended approach combining in-person training, online courses, and external training is adopted. Depending on course content, the programs cover all sea-based personnel and management levels.
For further details, please refer to the “Social Responsibility” chapter of the Sustainability Report.