NIPPON SANSO (THAILAND) Co., Ltd.
Global Tax Policy
We, Nippon Sanso (Thailand) Co., Ltd., understand that it is our social responsibility to comply with the tax
laws and regulations of, and contribute through tax payments to the development of, all the countries andregions we operate in. Therefore, we are committed to addressing the interests of various stakeholders
through legal compliant, timely and appropriate tax payments and proper and highly transparent tax
management to ensure such compliance and tax payment.
1. Compliance
We fulfill our tax payment obligations in the countries and regions it operates in. In doing so, we always
comply with tax laws and regulations in these countries and regions and respect the spirit of the law.
2. Transparency
We strive to provide transparency into its tax affairs by disclosing tax related information in accordancewith the tax laws and regulations of the countries and regions we operate in.
3. Minimization of Tax Risks
We strive to minimize our tax risks by appropriately responding to revisions to the tax systems and changes
in the tax administrations in the countries and regions we operate in, and by obtaining opinions of external
experts and utilizing prior confirmation system as necessary.
4. Tax Planning
We do not enter into artificial tax arrangements for the purpose of tax avoidance or which lack commercial
rationale.
5. Transfer Pricing
We give due consideration to the arm’s length principle in executing international related party
transactions and ensure profits are appropriately allocated according to the functions performed, the risks
borne, and the assets held by our group companies so that we can achieve appropriate tax payments in thecountries and regions they operate in. We also comply with the laws and regulations on transfer pricing
documentation in the countries and regions we operate in.

6. Tax Havens
We do not avoid taxes using countries or regions with no tax or low tax rates (so-called “tax havens”).
7. Elimination of Double Taxation
We seek to eliminate economic double taxation (where tax is paid two or more times on the same sourceof economic income) through the use of tax treaties and constructive dialogue between the relevantcountries.

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8. Relationship with Tax Authorities
We aim to establish and maintain sound and good relationships through providing tax authorities in thecountries and regions we operate in with the information in a cooperative and appropriate manner as wellas through constructive dialogue.
9. Tax GovernanceOur tax governance is ultimately the responsibility of the Chief Financial Officer (CFO) of Nippon Sanso
Holdings Corporation. Practical management of tax governance is delegated to the tax departments of ourgroup companies. The General Manager of Accounting Division, Group Finance & Accounting of NipponSanso Holdings Corporation supervises significant tax administration and tax risk management for all groupcompanies. If the financial affairs or business operations of our group companies are materially affected asa result of a tax examination by a tax authority, our group companies report the details to the tax
supervisor and the tax supervisor requires our group companies to report their practical management oftax governance, as necessary. Our group companies appropriately prepare and manage tax related
documents such as tax returns by ensuring an appropriate system of internal controls and properly
responding to tax system revisions, etc.

Issued date on August 15th, 2021.

Dr. Suwan Runggeratigul
President

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