Social Compliance Code of Conduct

Excelligence Learning Corporation and its subsidiaries (together, “Excelligence”) are committed to principles of human rights and social compliance, particularly as it relates to involuntary labor of any kind, including child and indentured labor, human trafficking and slavery.

Our Code of Conduct outlines the basic requirements with regard to working conditions and must be satisfied by each supplier within our supply chain. In addition, suppliers must ensure that their contractors/suppliers adhere to these same Code of Conduct requirements.

All references to “applicable laws and regulations” in this Code of Conduct includes all local, national and international laws, codes, rules, directives, regulations and treaties.

Involuntary Labor: Suppliers shall not use involuntary labor, defined as work or service which is extracted from any person under threat or penalty for its non-performance and for which the worker does not offer voluntarily.

Child Labor: Suppliers shall not use child labor. No person under the age of 15 years is to be employed by the factory. If any applicable law or regulation has a more restrictive definition of child labor, then the more restrictive definition shall apply.

Human Trafficking: Suppliers must comply with all applicable laws and regulations relating to human trafficking and slavery. In addition, there is to be no engagement in the recruitment, transportation, transfer, harboring or receipt of persons by means of threat or use of force. Suppliers must not use threat of force, coercion, abduction or abuse the power of position over another person. Suppliers must not engage in forced labor or services, slavery or practices similar to slavery or servitude.

Working Hours: Suppliers must adhere to all applicable laws and regulations pertaining to working hours and overtime must be consensual. Unless extraordinary circumstances exist, the sum of regular and overtime hours in a week shall not exceed 60 hours, and suppliers shall guarantee that employees receive at least 24 consecutive hours of rest during each seven day period. If an applicable local law differs, suppliers must follow the stricter requirement.

Health and Safety: Suppliers must provide workers with a safe and clean work environment and comply with all applicable laws and regulations governing workplace health and safety. Factories must have safety procedures and equipment in place to prevent accidents and injuries to employees. Access to clean drinking water, washing facilities and an appropriate number of toilets is required.

Compensation: Suppliers must provide fair compensation and benefits to all employees in accordance with applicable laws and regulations and overtime must be calculated at the legally required rate.

Hiring and Disciplinary Actions: Suppliers must accurately verify workers’ age and legal right to work within the country prior to employment. Employees must be treated fairly and with dignity and respect. There is to be no use of corporal punishment or any form of physical or psychological coercion, intimidation or violence.

Nondiscrimination: Suppliers shall not discriminate against their employees in employment, including hiring, salary, benefits, advancement, discipline, termination, or retirement on the basis of gender, race, religion, age, disability, sexual orientation, nationality, marital status, political opinion, trade union affiliation, social group, ethnic origin, or any other status protected by law.

Dormitories and Dining: Suppliers and factories that provide residential and dining facilities for their employees must provide a safe, healthy and clean environment. All such facilities shall have safety provisions such as fire extinguishers, first aid kits and emergency exits. In addition, factories should also have security measures to protect employees and their property.

Excelligence has the right to monitor compliance with this policy through the unannounced inspection of facilities by either third party monitors or Excelligence representatives. Suppliers are required to maintain on site documentation regarding their compliance with these standards and must permit full access to facilities for the inspection of employee records.

Quality Statement

Excelligence Learning Corporation and its subsidiary companies are committed to the delivery of safe, high-quality products to children, parents, teachers and childcare center operators. As a well-respected global leader in the childhood education industry, we are dedicated to ensuring that our products and brand commitments are supported by a robust quality assurance program. To meet this commitment, the Excelligence companies maintain a quality-focused culture to ensure the highest priority is placed on product safety and reliability.

To meet our quality objectives, Excelligence commits to the following:

· Our approach to ensuring the quality and safety of our products will be guided by compliance with applicable state, federal and international quality regulations, codes and standards (as applicable to a particular product or business unit);

· Business unit leaders will ensure procedures are in place that adequately define the expectations for work that supports, or directly affects, product quality, product registration and/or data that supports product quality and consumer safety;

· We will commit to continuously challenging ourselves to improve our quality assurance system to guarantee product safety, prevent quality incidents and eliminate defects through the review of quality objectives and results;

· Members of the Quality Assurance Team will have the appropriate education, training, skills and experience to carry out their work competently, in accordance with applicable regulations and quality policies and procedures;

· Records, documentation and data will be managed in accordance with applicable regulations;

· We will ensure that processes for escalating issues to ensure product integrity and consumer safety are in place and consistently used; and

· We will ensure that our third-party suppliers understand and agree that our sourced products must meet applicable regulatory standards and will be tested to ensure these standards are being met.

Quality is an integral part of the Excelligence companies’ core business principles. These principles guide our actions to deliver products that are safe, compliant and preferred. At Excelligence, our commitment is to never compromise on the quality and safety of our products. Quality and safety are essential for the achievement of our ambition to be recognized and trusted to early childhood products that enhance the quality of a child’s educational experience and contribute to a healthier future.

Environment Sustainability

Excelligence is committed to fostering a more sustainable future by thoughtfully incorporating environmental awareness into our business in ways that make sense for our customers, employees, and stakeholders. We strive to source materials responsibly, seek opportunities to reduce waste and conserve resources, and encourage innovative practices that minimize environmental impact without compromising quality or value. We are proud that our Environments® brand of furniture is GREENGUARD® Certified, ensuring low chemical emissions for healthier indoor air quality in learning spaces. Where feasible, we incorporate sustainable materials such as bamboo into our product development and source corrugate cartons from Sustainable Forestry Initiative® (SFI)–certified suppliers. We also actively promote the efficient use of energy and materials, as well as recycling across our facilities—diverting hundreds of tons of paper, cardboard, and plastics, and electronic equipment from landfills each year—which contributes to measurable savings in trees, water, electricity, and landfill space. In fact, our Kansas City facility earned an Environmental Excellence Award for its compliant practices in paint manufacturing, further reflecting our commitment to minimizing environmental impact. By combining responsible sourcing, sustainable product design, and mindful operational practices across our operations, we aim to create lasting value for our customers while supporting environmental responsibility.

Excelligence Sustainability Policy
At Excelligence, we recognize the importance of environmental stewardship and the role we can play in fostering a more sustainable future. Our primary responsibility is to deliver high-quality products and services that meet the needs of our customers, employees, and stakeholders, and we aim to do so with an awareness of our environmental impact.

Our approach to sustainability is guided by the following aspirations:
• Thoughtful Sourcing – Where feasible, explore opportunities to source products, materials, and packaging from suppliers that demonstrate sustainable practices, such as the use of renewable resources, certified forestry products, or reduced environmental impact manufacturing processes.
• Efficient Operations – Seek ways to improve operational efficiency through resource conservation, energy savings, and waste reduction when such measures align with business needs and customer expectations.
• Responsible Waste Management – Promote recycling, reuse, and responsible disposal of materials, including packaging, equipment, and office supplies, and including efforts to minimize our environmental footprint in our domestic paint manufacturing operations.
• Innovation and Continuous Improvement – Encourage teams to identify and evaluate new technologies, processes, or designs that may reduce environmental impact without compromising product quality, safety, or value.
• Awareness and Engagement – Foster an organizational culture that is mindful of sustainability by sharing information, ideas, and best practices across departments.
• Community Considerations – When feasible, choose solutions and partnerships that not only serve our business goals but also positively contribute to the communities where we operate.

This policy reflects our commitment to integrating sustainability into our decision-making where it best supports our customers, employees, and stakeholders, while supporting environmental responsibility.