With more than 40,000 team members working in 10 countries, upholding these principles requires unwavering commitment to good business practices and respects the complexities of global trade. In producing the best quality products under the best working conditions, we abide by local, national and international regulations. At SAE-A, we go one step farther by having our own strict corporate safety and compliance requirements, which includes regular site visits from oversight teams. In addition to providing a safe working environment, we also invest heavily in our employees by providing training programs and opportunities for advancement within the company. We have a diverse array of community programs specifically designed to empower young people and promote sustainable economic growth.

Recognizing the importance of being a good citizen in the community, SAE-A’s commitment extends beyond our facilities and the work-day. We believe that international trade opens doors for communities, and benefits our global economy. Understanding the dangers of climate change, we are committed to do what we can to reduce its impact. We fully cooperate with environmental oversight organizations at each of our facilities and actively investing in new green technologies.

We are proud that our operations and operating philosophy today remains true to our roots as a family-run, locally minded company. We look forward to strengthening our relationships, forging new ones, and maintaining our high standards in the years to come.

When SAE-A began in 1986, we were a local, family owned and operated company in Korea. Our goal was to manufacture quality apparel in a safe working environment. Over the past thirty years our goal has not changed, but our business has grown from a domestic one to a one that is global in scope. Central to our global operations is our desire to help spur economic growth by creating jobs and investing in the community. Today SAE-A’s business operations extend around the world with manufacturing facilities from Vietnam to Guatemala, and offices from Korea to the United States. We strive to run our businesses in an environmentally sustainable way by minimizing and offsetting environmental impact, and work to invest in a wide range of corporate social responsibility programs specific to the needs of the community.

Over the years, as I have traveled to our facilities, I have seen our investments help the local economies grow. From new markets to transportation systems, we have seen communities make great progress, and are honored to be a part of them.

But economic investment is just one part of our efforts. We make protecting and promoting workers rights and well-being our mission. It is something of great personal importance to me and I have ensured that our commitment extends into every facet of our operations. We establish exemplary labor-management relations based on mutual trust with our associates.

I want to highlight one of our investments that I am most proud of -SAE-A’s investment in Haiti. I remember when Korea faced hard times and the international community supported its economic growth and dream of a prosperous future. To me, if investing in Haiti was economically viable, it was important to me to do so. At the time, we were already looking to expand. Investing in Haiti would be both an investment in country's future and a sign of our faith in the Haitian people, just as others had faith in the Korean people. In 2011, we signed an agreement with the Government of Haiti, the Inter-American Development Bank and the US government to build an industrial park in Northern Haiti. It officially opened its production facilities in October 2012.

In addition to our manufacturing investment, S&H Foundation, the philanthropic arm of SAE-A, is focused on its efforts to support education and healthcare in the region. S&H Foundation established its new S&H School in Haiti to provide local children, many of with parents who work for SAE-A, with opportunities to receive free education of the highest quality. We also sponsor a team of doctors and medical professionals to provide treatment for our neighbors.

SAE-A values being a trusted partner and exemplary corporate citizen in every country where we operate.

Thank you.

Chairman Woong-ki Kim

http://www.sae-a.com