Audit Committee

The Audit Committee was established in 2019 and comprises solely of Independent Directors. The committee convenes meetings at least once a quarter in accordance with Regulations Governing the Exercise of Powers by Audit Committees of Public Companies. The powers of the Audit Committee specified as below:

1. Adoption or amendment of an internal control system pursuant to Article 14-1.
2. Audit of the internal control system.
3. Adoption or amendment, pursuant to Article 36-1, of handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, extension of monetary loans to others, or endorsements or guarantees for others.
4. A matter bearing on the personal interest of a director or supervisor.
5. A material asset or derivatives transaction.
6. A material monetary loan, endorsement, or provision of guarantee.
7. The offering, issuance, or private placement of any equity-type securities.
8. The hiring or dismissal of an attesting CPA, or the compensation given thereto.
9. The appointment or discharge of a financial, accounting, or internal auditing officer.
10. Annaul financial report and the financial report of the 2nd quarter audited by CPA.
11. Any other material matter so required by the Competent Authority.