In order to standardize the Company's tax behavior and make investors, regulators and other external stakeholders understand the Company's tax risk profile, the Company has formulated a formal tax policy statement to guide the Company's tax strategy. This policy statement is under the overall supervision of the Board of Directors, jointly formulated by the Board of Directors and relevant senior management, and regularly reviewed and improved to ensure emerging risks are addressed.

Sinoma International Engineering Co., Ltd. promises:

1. To comply with the spirit as well as the letter of the tax laws and regulations in the countries in which the Company operates;

2. Not to use tax structures without commercial substance;

3. To undertake transfer pricing using the arm’s length principle.