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CORPORATE GOVERNANCE

Guidelines for responsible and transparent company management

Executive Summary

These guidelines ensure that SCANDIC is managed responsibly, transparently, and in full compliance with German and international law. We prioritize long-term value creation and ethical conduct.

  • Responsibility: Clear accountability for management under HGB and GmbHG.
  • Integrity: Strict adherence to tax compliance and global business ethics.
  • Transparency: Rigorous accounting standards and open communication with stakeholders.

SCANDIC (operating under LEGIER Beteiligungs mbH) follows strict guidelines to ensure legal compliance and transparency. Our governance framework incorporates the German Commercial Code (HGB) and the Limited Liability Companies Act (GmbHG).

The management is responsible for representing the company and ensuring long-term value. This includes a duty of care under § 43 GmbHG and the obligation for proper financial reporting pursuant to §§ 238, 242 HGB.

  • Timely submission of tax returns (KStG).
  • Withholding and remittance of wage tax (§ 38 EStG).
  • Prevention of hidden profit distributions (§ 8 KStG).
  • Issuance of certificates for withheld taxes (§ 45a EStG).

Management is responsible for implementing the LkSG (Supply Chain Act) framework, including annual risk analysis, preventive measures, and establishing a complaints procedure.

Directors are appointed based on their industry knowledge (finance, real estate, trust), leadership qualities, and proven commitment to ethical standards and risk management.

All employees and management adhere to a code of conduct promoting integrity. We mandate that our suppliers also follow corresponding ethical and environmental standards.

Compensation is performance-aligned and determined by market standards. It explicitly promotes long-term value creation and strict compliance with the LkSG.

We comply with all accounting regulations (§ 238 HGB). Annual financial statements are disclosed as required by § 325 HGB, ensuring full transparency for our shareholders.

Drafted, signed and approved:

The Board of Directors of SCANDIC FINANCE GROUP LIMITED

Hong Kong, SAR-PRC, 1 January 2026