Corporate Governance

Internal audit organization

The design, implementation and internal audit of the Company's internal control system are conducted in accordance with the guidelines for the establishment of internal control systems of public companies and relevant laws and regulations.

Purpose of internal audit

The purpose of the COMPANY's internal audit is to assist the Board of Directors and management to examine and review the lack of internal control systems and measure the effectiveness and efficiency of operations to provide improvement suggestions to ensure the continuous and effective implementation of the internal control system and as a basis for reviewing and revising the internal control system to promote the sound operation of the Company.

Internal audit organization

The audit office of the company is directly under the Board of Directors

• There shall be one audit supervisor, whose appointment or removal shall be approved by the Audit Committee and submitted to the board of directors for resolution; Another audit agent is provided.
• The department shall allocate a competent and appropriate number of full-time internal auditors according to the company's scale, business situation, management needs and other relevant laws and regulations.
• In accordance with Article 3 (4) of the Code of Corporate Governance of the Company, the appointment, removal, evaluation and remuneration of internal auditors shall be submitted to the board of directors or signed by the audit supervisor to the Chairman for approval.

Internal AUDIT operations

• Assist the board of Directors and managers to check and review the deficiencies of the internal control system, measure the effectiveness and efficiency of the operation, and provide timely improvement suggestions to ensure the continuity of the internal control system effective implementation and as a basis for reviewing and revising the internal control system.
• Draw up the annual audit plan according to the results of the risk assessment and the matters stipulated by the competent authority, and submit it to the board of directors for approval, as well as the amendment.
• Temporary audit shall be conducted in accordance with the instructions of the company's top executive or his authorized person.
• The audit report and tracking report shall be submitted to the independent directors for inspection.
• In addition to attending the board of directors to report on the implementation of internal audit operations, the auditor shall report to the Audit committee on a quarterly basis or when necessary.
• The statement of internal control system shall be made public on the FSC's designated website within three months after the end of each financial year and published in the annual report.

Annual study status in 2023