Modern Slavery Statement

1. Our business

Satmart is an online marketplace for premium consumer electronics and related digital goods, settled in Cryptocurrency. We do not manufacture the goods we sell. We source from authorised distributors and brand partners; we hold inventory in a small number of warehouses; we use established carriers to deliver to customers worldwide.

2. Our supply chain

Our supply chain comprises (a) brand owners and their authorised distributors for consumer electronics; (b) cloud-infrastructure, software and SaaS vendors; (c) shipping carriers and the customs brokers they use; and (d) professional-services suppliers (legal, accountancy, identity verification, payments). The most material modern-slavery risk in our chain sits with the manufacturers of consumer electronics, which we do not directly contract with, and with the labour used in international logistics.

3. Our policies

We expect every supplier and every member of our team to:

• Comply with all applicable labour laws, including those prohibiting forced labour, child labour, debt bondage, and trafficking in human beings.
• Pay at least the legal minimum wage and provide working conditions that meet or exceed local statutory standards.
• Maintain a working environment free from harassment, discrimination and unsafe practices.
• Respect the right of workers to organise and engage in collective bargaining where local law allows.
• Co-operate with reasonable due-diligence requests we make in connection with this commitment.

4. Due diligence

Before we onboard a new supplier we carry out checks proportionate to the risk profile: business-registration verification, sanctions and adverse-media screening, and a code-of-conduct attestation. For higher-risk categories (where labour intensity is high, where local law gives weaker worker protections, or where the supplier sub-contracts production) we seek additional assurances such as audit reports, factory references, or independent certifications.

5. Reporting concerns

Any person — staff, customer, supplier or member of the public — who suspects modern slavery or labour exploitation anywhere in our supply chain can raise the concern through our Whistleblower channel or by emailing [email protected]. Reports are treated as confidential and we do not tolerate retaliation against anyone who raises a concern in good faith. Concerns are investigated by senior management, with external advice where appropriate.

6. Training

Members of our team responsible for procurement and supplier management receive training on modern-slavery awareness, the red flags typical of forced-labour situations in our supply chain, and the steps to escalate a concern. Training is refreshed at least annually.

7. Effectiveness

We measure our progress by reference to the number of supplier onboarding checks completed, the number of concerns raised through the Whistleblower channel and their outcomes, the number of supplier audits or attestations renewed, and the percentage of staff completing modern-slavery training.

8. Approval and review

This statement is approved by the Board of Specialist Electronics Ltd and is reviewed at least annually. The current version is identified by the "Last updated" date below the title.