TAX STRATEGY
SION GROUP HOLDINGS LIMITED

This Group Tax Strategy has been reviewed by the Board of Sion Group Holdings Limited (“the Board”) and is aligned to the business strategy to support genuine commercial activity. The Board is committed to manage its tax affairs in a responsible and transparent manner, to comply with all relevant tax legislation and to have due regard for the Group’s wider reputation and corporate social responsibilities.

All actions taken to secure the aims and objectives of the Group Tax Strategy will be supported by appropriate legal, accounting, valuation and other relevant professional support and advice, including where required, third party professional tax support and advice.

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Performance against the Group Tax Strategy is the responsibility of the Director nominated as Senior Accounting Officer.

Controls in place to minimise our Tax Risk include:

• The Group understands the complex nature of tax and seeks specialist advice in connection with non-routine transactions

• The Group contacts external advisers with technical queries when appropriate.

• The Senior Accounting Officer, together with the Board, is responsible for day to day tax across the Group and ensures that it has appropriate software systems in place to calculate liabilities in line with up to date legislation and appropriately qualified staff to operate these systems.

The Group will not engage in artificial transactions where the sole purpose of which is to reduce tax. However, the Group will consider undertaking a transaction in a way that gives rise to tax efficiencies providing this is aligned to the Group’s commercial strategy and complies with the associated tax legislation. The Group will seek advice from external advisors where the existing Finance team does not have the appropriate level of tax knowledge and experience to ensure compliance with existing tax legislation.