Code of Conduct

Savio Macchine Tessili S.p.A. is an integral part of the Vandewiele Group*, as it is a subsidiary of SavioVandewiele S.r.l. (hereinafter the "Vandewiele Group"). This Ethical Code of Conduct (hereinafter also simply the "Code"), prepared also pursuant to and for the purposes of Legislative Decree 231/2001 (hereinafter the "Decree"), forms an integral part of the Organization and Management Model of Savio Macchine Tessili S.p.A. (hereinafter the "Model") and is intended to imprint operations, behaviors and relationships, both internal and external to the Savio Group, with the fundamental values described below.

The Board of Directors of Savio Macchine Tessili S.p.A. has adopted this Ethical Code of Conduct in order to enshrine the aforementioned ethical principles and monitors compliance with the Code, providing adequate information, prevention and control tools and ensuring the transparency of the operations and behaviors carried out, intervening, if necessary, with corrective actions and appropriate sanctions, ensuring the widest dissemination of the Code to all Recipients and the general public, including through inclusion on the websites of Savio and Vandewiele Group companies.