Investors

In accordance with Article 14-6 of the Securities and Exchange Act, the Company has established a Salary and Remuneration Committee consisting of three independent directors, all of whom are qualified to preserve the Committee’s independence, expertise and fairness. The 5th Committee is composed of Ms. Li Li-Ying, Mr. She Ri-Xin and Mr. Duanmu Zheng, serving from June 21, 2023 to June 20, 2026.

Responsibilities of the Salary and Remuneration Committee
Regularly review the Committee’s organizational charter and propose amendments.
Formulate and periodically review policies, systems, standards and structures for performance evaluation and compensation of the Company’s directors and executive officers.
Periodically evaluate and determine the compensation of the Company’s directors and executive officers.

In accordance with Article 14-4 of the Securities and Exchange Act, the Company has established an Audit Committee composed of three independent directors, all of whom are qualified to oversee the Company’s compliance with applicable laws and regulations, internal controls, and financial reporting. Following a full board re-election on June 21, 2023, the 3rd Committee is served by Ms. Li Li-Ying, Mr. She Ri-Xin and Mr. Duanmu Zheng.

Key matters handled by the Audit Committee include the following:
The fair presentation of the Company’s financial statements.
Appointment or dismissal of the certified public accountants and assessment of their independence and performance.
Effective implementation of the Company’s internal control systems.
Compliance with relevant laws and regulations.
Risk management of existing or potential corporate risks.
Matters under review include the following:
Establishment or amendment of internal control systems.
Evaluation of the effectiveness of internal control systems.
Formulation or amendment of procedures for major financial operations such as acquisition or disposal of assets, engaging in derivative transactions, lending of funds to others and endorsements or guarantees.
Matters involving conflicts of interest of directors.
Significant lending of funds, endorsements or guarantees.
Raising, issuing, or private placement of equity-related securities.
Appointment, dismissal, or compensation of the certified public accountant.
Appointment or removal of financial, accounting, or internal audit officers.
Financial reporting.
Other significant matters as required by the Company or the competent authorities.
The Audit Committee convenes at least once per quarter. For details on meeting convocations and attendance rates of each member, please refer to the Company’s annual reports.
Summary of communications between independent directors and internal audit officers and accountants in the most recent year
When reporting the review or audit results of quarterly financial statements to the Audit Committee, the Company’s accountants communicate any significant adjustments, the impact of regulatory changes on accounting treatments, the audit plan for the next quarter and key audit matters for the year based on their audit work. Communications have been smooth. Communication meetings are held one to four times a year.