In order to
standardize the Company's tax practices and to keep investors,
regulators and other external stakeholders informed of the Company's tax
risk profile, we have developed a formal Tax Policy Statement to guide
our tax strategy. The policy statement is overseen by the Board of
Directors as a whole and has been developed in conjunction with the
Board of Directors and relevant senior management and is regularly
reviewed and improved to ensure that emerging tax risks are addressed in
a timely manner.
Xispek is committed to
1. comply with the tax laws and regulations of the countries in which the Company operates;
2. not use tax structures that lack commercial substance;
3. adhere to the arm's length principle in transfer pricing.