Tax Policy

Melty Vanilla Co., Ltd. (“the Company”)

The Company is committed to adhering to good corporate governance principles and implementing transparent business operations. It recognizes its duties and responsibilities regarding tax compliance to foster trust among stakeholders, aligning with the Company’s strategies and business goals. The Company has established strategic management guidelines and related tax policies, built upon ongoing operational developments. Risk management procedures and measures to address tax-related risks have also been implemented.

To achieve these objectives, the Company has set forth the following tax policy:

Tax Code of Conduct

• The Company adheres strictly to all relevant laws, conducting business in compliance with standards and in accordance with the intent and provisions of the law.
• The Company avoids engaging in fraudulent or improper tax structures or intentionally creating complexity to gain tax benefits.
• The Company upholds a sustainable tax system to ensure financial stability and add long-term value for shareholders.
• The Company utilizes tax benefits legally and appropriately under sustainable and prudent business decision-making, in line with the principles of tax efficiency as intended by the law. These tax benefits may include temporary tax exemptions or other incentives, all of which are within the framework of state policies.
• The Company respects the government’s authority to establish tax structures, rates, and collection mechanisms. It maintains proper communication with relevant government tax authorities to foster relationships and ensure legal compliance.

Tax Risk Management

• The Company is committed to responsible tax management, ensuring compliance with laws and regulations. Where tax laws lack clarity, the Company exercises due diligence and transparency in its tax practices.
• The Company ensures timely, accurate, and complete submission of tax refund requests.
• Independent auditors monitor and report on income tax, ensuring accurate representation of both current and deferred tax expenses.

Tax Transparency

• The Company prioritizes full disclosure of information in compliance with legal requirements in all jurisdictions where it operates.
• This includes providing accurate and complete information on tax refund requests and ensuring proper documentation for tax audits in compliance with applicable tax regulations.

Transparency to Stakeholders

• The Company fosters tax transparency to provide stakeholders with comprehensive information and to promote sustainable business operations. This aligns with the Company’s commitment to transparency and continuous disclosure.
• The Company ensures that its contributions to economic development are conducted transparently and appropriately, enabling stakeholders and communities in which it operates to clearly understand the Company’s operations.

This policy shall take effect on January 25, 2025.

Approved by the Board of Directors
Meeting No. 1/2025, dated January 25, 2025.