Audit Committee responsibilities, members and resumes
| Position | Name / Education Experience / Major Current Positions |
|---|---|
| Chairman |
LIN, SHANG-ANEducation Experience
|
| Members |
ZHANG, ZHI-MINGEducation Experience
Major Current Positions
|
| Members |
YE, FANG-DEEducation Experience
Major Current Positions
|
NOTE：The term of the Audit Committee is from 14 June, 2023 to 13 June, 2026.
Operation of the Audit Committee
The audit committee of the company is composed of all independent directors and holds at least one meeting every quarter. Its main operations are as follows:
1. The operation of the company's audit committee focuses on the supervision of the following matters:
(1) Appropriate expression of the company's financial statements.
(2) The selection (dismissal), remuneration, independence and performance of certified accountants.
(3) Effective implementation of internal control.
(4) Relevant laws and regulations should be followed.
(5) The management and control of the company's existing or potential risks.
2. The main powers of the audit committee of the company are listed as follows:
(1) Establish or amend the internal control system in accordance with Article 14 of the Securities and Exchange Act.
(2) Evaluation of the effectiveness of the internal control system.
(3) In accordance with the provisions of Article 36 of the Securities and Exchange Act, stipulate or amend the processing procedures for the acquisition or disposal of assets, derivative commodity transactions, capital loans to others, endorsements or guarantees for others.
(4) Matters involving the director's own interests.
(5) Significant asset or derivative commodity transactions.
(6) Significant fund loans, endorsements or guarantees.
(7) Raising, issuing or private placement of equity securities.
(8) Appointment, dismissal or remuneration of certified public accountants.
(9) Appointment and removal of financial, accounting or internal audit supervisors.
(10) The annual financial report signed or stamped by the chairman of the board, the manager and the accounting supervisor, and the second quarter financial report subject to verification by accountants.
(11) Other important matters specified by the company or the competent authority.
Audit Committee Performance Assessment
The company has established a Regulations Governing the Board and Functional Committees Performance Evaluation, which performs at least once internal Functional Committee performance evaluation every year, and uses the evaluation results as a reference basis for selecting or nominating independent directors.
The 2024 annual performance evaluation is as follows:
| Evaluation Type | Evaluation Method | Criteria | Evaluation Result |
|---|---|---|---|
| Audit Committee performance assessment | Evaluated by the Audit Committee according to the actual operation of the Functional Committee. |
|
|
The Communication between Independent Directors, Internal auditor supervisor and CPAs
I. The communication channel between the independent directors, internal auditor supervisor and independent auditors.
- The internal audit supervisor regularly report to the independent directors during the audit committee meeting, and disussion the audit result and follow-up status.
- The company's CPA present company's financial report and audit (or review) result to independent directors during the audit committee meeting semiannual, and provide professional advice and recommendations for the company's major decisions in the audit committee and the board of directors nonscheduled.
II. Summary of the communication between independent director and internal audit supervisor.
- The communication between independent director and internal auditor supervisor are going well for auditing and implementation.