Supply Chains Act Policy

California recently enacted the Transparency in Supply Chains Act that requires manufacturers to provide consumers with information regarding their efforts to eradicate slavery and human trafficking from their supply chains, and to disclose to what extent, if any, they are engaging in specific actions to address these concerns.

Younger Optics expects its own organization and its suppliers to comply with all applicable laws and regulations, including those governing working conditions, environmental protection and fair business practices. In line with those expectations, Younger Optics (“Younger”) recognizes the importance of making efforts to ensure that our supply chain is free of any products of forced labor, child labor, human trafficking and slavery. To that end, Younger is in the process of studying existing supply chain operations and developing a company policy in an effort to ensure, to the extent practicable, that our supply chain is free of any products of forced labor, child labor, human trafficking and slavery.

It is expected that this policy will address issues related to: (i) verification of product supply chains to evaluate the potential for products of forced labor, child labor, human trafficking and slavery to be present in its direct supply chain (Younger does not presently follow a formal policy for verification related to such issues); (ii) the possibility of auditing suppliers should Younger become aware of any credible indication of potential inhumane labor practices on the part of a direct supplier; (iii) supplier certification in writing that materials incorporated into their products comply with the laws regarding forced labor, child labor, human trafficking and slavery in the country or countries where they do business (Younger generally requires its contract suppliers to comply with all applicable laws and regulations but does not presently follow a formal policy for independent certification by all suppliers); (iv) maintaining internal accountability standards and procedures for employees or contractors failing to meet company standards regarding avoidance of forced labor, child labor, human trafficking and slavery; and (v) providing company employees and management, who have direct responsibility for supply chain management, training on forced labor, child labor, human trafficking and slavery, particularly with respect to mitigating risks within the supply chain of products.