Corporate governance

Board of Directors

Members of the Board

Audit Committee

Members are appointed by resolution of the Board of Directors. The duties of the Audit Committee include reviewing financial statements, audit matters, internal control systems, major asset acquisitions or disposals, derivative transactions, major loans and endorsements or guarantees, fundraising or issuance of securities, compliance with relevant laws and regulations, related-party transactions and potential conflicts of interest, company risk management, fraud investigation reports, appointment, dismissal and remuneration of certified public accountants, and appointment or dismissal of heads of finance, accounting or internal audit. The Committee shall faithfully perform its duties with due care of a prudent administrator and submit its recommendations to the Board of Directors.

Remuneration Committee

Members are appointed by resolution of the Board of Directors. The powers of the Remuneration Committee include: establishing and periodically reviewing the policies, systems, standards, and structures regarding the annual and long-term performance targets and remuneration of the Company's directors and managers; and periodically evaluating the achievement of performance targets and remuneration of the Company's directors and managers. The Committee shall faithfully perform its duties with the care of good managers and submit its recommendations to the Board of Directors for discussion.

Internal Audit

Organization

The Company has one head of the internal audit department, who reports directly to the Board of Directors. The primary responsibilities include reviewing and evaluating the effectiveness of the internal control system, assessing operational efficiency, reliability of financial reporting, and compliance with relevant laws and regulations, and providing timely recommendations for improvement to ensure continuous effectiveness.

Operations

The internal audit department is responsible for reviewing and evaluating the effectiveness of internal controls, operational efficiency, financial reporting reliability, and legal compliance, and for proposing improvements to ensure proper implementation of all systems.

Reporting of Internal Audit Operations

By the end of December each year: Internal audit plan for the following year (approved by the Board)
By the end of January each year: List of internal auditors
By the end of February each year: Execution status of the internal audit plan for the previous year
By the end of March each year: Internal control system statement (approved by the Board)
By the end of May each year: Improvement status of internal control deficiencies identified in the previous year