Tax Practice Policy

As a responsible member of the international community, we are committed to upholding and enhancing tax compliance, as well as contributing to social development through the proper payment of taxes, which we view as a significant aspect of our social responsibility.

1. 1. Regulatory Compliance
   In addition to complying with the tax laws and regulations of each country and region, we will conduct our business activities in accordance with the international taxation rules set forth by the Organisation for Economic Co-operation and Development (OECD) and properly file and pay our taxes.
2. 2. Minimizing Tax Risk
   We will continuously improve our tax knowledge through internal and external training programs and ensure to adapt to revisions and changes in taxation systems across different countries. We will also make every effort to minimize tax risks by responding appropriately to the tax regulations and administration of each country, with advice from tax experts and authorities.
3. 3. Transfer Pricing
   With respect to transactions with foreign related parties belonging to the Group, we will establish a transfer pricing policy based on the laws and regulations of each country or region and the OECD Transfer Pricing Guidelines, and set intra-Group transaction prices according to the policy.
4. 4. Tax Planning
   We will refrain from engaging in tax planning in the absence of genuine business activities, as well as from intentional tax avoidance through the use of tax havens or similar means.
5. 5. Trust Relationships with Tax Authorities
   We will strive to build and maintain good relationships with tax authorities in each country and region through smooth communication.

1. Established: October 2022