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Form 56-1 One Report 2022

Compliance with tax laws The Company adheres to and follows the objectives and written provisions
of the law relevant to its business operation rightfully according to international

standards and in compliance with the laws and rules concerning disclosure of
financial and tax information to government officers or relevant agencies.

Tax responsibility The Company has in place correct and complete tax system and tax
administration as required by law with regular inspection as well as correct
and punctual tax payment as actually incurred.

Use of tax incentives The Company uses legal tax incentives under appropriate business operation
including tax exemption measure and other benefits pursuant to the country’s
tax policy, and adopts the tax structure that would not allow for tax avoidance.

Relationship with The Company respects the government rights to formulate the tax structure,
government agencies tax rates and tax collection mechanism, and keeps in contact with tax
regulatory agencies openly and productively so as to enhance collaborative
relationship to ensure professionalism and efficiency.

4.2 Tax administration
The Company’s tax administration is described as follows:
4.2.1 Prepare tax policy and operational handbook in writing and keep abreast of any changes in tax laws
and relevant rules.

4.2.2 Evaluate and analyze impacts, determine practice guidelines for legal and regulatory tax compliance,
and in case of any doubts, seek opinions from relevant government agencies to ensure the Company’s prudent tax
administration.
4.2.3 Establish procedure for accurate and punctual taxation and tax payment, ensure complete
accounting, perform taxation review on a regular basis, keep reports in proper forms, and control and ensure systematic
data storage in a safe place for the purpose of security and accessibility only among authorized persons.
4.2.4 Conduct review of tax law compliance which is a part of the operational risk management and
coordinate with internal and external auditors on such issues as tax-related risks or losses.
4.2.5 Report important tax issues observed by tax agency to function groups, the management, the
Executive Board and the Board of Directors.

Relevant tax types and compliance guidelines

The Company understands and strictly complies with the applicable tax criteria, methods and conditions. There
are monitoring and inspection of operation processes including accounting process to ensure that the Company uses tax
incentives efficiently as regulated and prescribed by law. The Company also keeps abreast of changes in tax laws
resulting from the government policy and analyzes opportunities and impacts on the Company in various dimensions
before escalating to relevant top executives for appropriate planning. Taxes relevant to the Company’s business
operation are as below: