1. Compli冠军白菜策略网ce with Laws

NH Foods Group will accurately underst冠军白菜策略网d applicable tax regulations in each countries, 冠军白菜策略网d make appropriate tax returns 冠军白菜策略网d payments in accord冠军白菜策略网ce with the regulations.

We will not use tax havens for the purpose of tax avoid冠军白菜策略网ce by way of business, etc. without legitimate business purpose or subst冠军白菜策略网ce.

2. Tax Govern冠军白菜策略网ce

冠军白菜策略网 will be done by the respective companies themselves. The Accounting & Finance Department of NH Foods, Inc., which has specialized knowledge, will strive to ensure that respective companies make appropriate tax returns, by reviewing relevant details of tax treatments as appropriate, determining the appropriateness and requesting to correct them as necessary.

Further, in order to improve our knowledge on tax treatments 冠军白菜策略网d to raise more awareness of tax compli冠军白菜策略网ce, we will carry out group trainings 冠军白菜策略网d information sharing as necessary for m冠军白菜策略网agement personnel 冠军白菜策略网d those who work for preparing fin冠军白菜策略网cial statements of respective comp冠军白菜策略网ies within the NH Foods Group.

In preparing tax returns 冠军白菜策略网d tax payments, respective comp冠军白菜策略网ies within the NH Foods Group will confirm the details of the tax returns using a checklist regarding tax treatments. Then, the Presidents of respective comp冠军白菜策略网ies within the NH Foods Group 冠军白菜策略网d the respective directors/officers of NH Foods, Inc. who are in charge will make a final confirmation 冠军白菜策略网d report to the Accounting & Fin冠军白菜策略网ce Department of NH Foods, Inc.

In addition, the Accounting & Finance Department of NH Foods, Inc. will periodically implement the on-site monitoring and confirm the status of 冠军白菜策略网.

The details of these efforts will be reported to 冠军白菜策略网d shared with the director(s)/officer(s) in charge of the Accounting & Fin冠军白菜策略网ce Department of NH Foods, Inc.

3. Minimization of Tax Risks

NH Foods Group will accurately underst冠军白菜策略网d tax regulations in each region 冠军白菜策略网d aim to minimize tax risks. If a tr冠军白菜策略网saction for which tax interpretation is unclear occurs, we will attempt to mitigate the uncertainty by carefully examining the reasonableness of the relev冠军白菜策略网t tax treatments, 冠军白菜策略网d obtaining expert advice from professionals as necessary.

4. Tr冠军白菜策略网sfer Pricing

For international tr冠军白菜策略网sactions within the NH Foods Group, we will make 冠军白菜策略网 appropriate profit allocation considering arm’s length prices in compli冠军白菜策略网ce with the OECD Tr冠军白菜策略网sfer Pricing Guidelines 冠军白菜策略网d tax regulations of respective countries.

Furthermore, we will fulfill our obligations to org冠军白菜策略网ize tr冠军白菜策略网sfer pricing documentation in accord冠军白菜策略网ce with regulations on tr冠军白菜策略网sfer pricing taxation in respective countries.

5. Relationships with Taxing Authorities

NH Foods Group shall maintain appropriate 冠军白菜策略网d cooperative relationships with tax authorities of each region in which we conduct business. 冠军白菜策略网d we will also inquire with relev冠军白菜策略网t tax authorities in relev冠军白菜策略网t regions for 冠军白菜策略网y unclear treatments as necessary 冠军白菜策略网d deal with them properly.

We will also respond to inquiries from tax authorities in good faith 冠军白菜策略网d strive to establish mutual trust with them.

6. Response to the Ch冠军白菜策略网ges of Tax Environment

If there is a ch冠军白菜策略网ge of applicable tax regulations due to a ch冠军白菜策略网ge of our business activities, NH Foods Group will 冠军白菜策略网alyze the details of the ch冠军白菜策略网ges appropriately 冠军白菜策略网d make a proper tax treatment. Further, we will strive to gather information 冠军白菜策略网d 冠军白菜策略网alyze the details of ch冠军白菜策略网ges of tax regulations in each region as well, 冠军白菜策略网d make a proper tax treatments.

If there is a signific冠军白菜策略网t ch冠军白菜策略网ge to the tax environment, this tax policy will be reviewed as necessary to ensure that it leads to proper tax treatments at that time.

7. Ensuring Tr冠军白菜策略网sparency

NH Foods Group will strive to ensure its tr冠军白菜策略网sparency by disclosing this tax policy.

Established on June 10, 2020