Audit Committee

In accordance with Article 6 of the Company’s Audit Committee Charter, the main powers of the Audit Committee are:

• (I) The adoption of or amendments to the internal control system pursuant to Article 14-1 of the Securities and Exchange Act.
• (II) Evaluate the effectiveness of the internal control system.
• (III) Adoption or amendment, pursuant to Article 36-1 of the Securities and Exchange Act, of any handling procedures for material financial or business transactions, such as the acquisition or disposal of assets, derivatives trading, loans of funds to others, and endorsements or guarantees for others.
• (IV) Matters in which a director is an interested party.
• (V) Asset transactions or derivatives trading of a material nature.
• (VI) Loans of funds, endorsements, or provision of guarantees of a material nature.
• (VII) The offering, issuance, or private placement of equity-type securities.
• (VIII) The hiring or dismissal of a certified public accountant, or their compensation.
• (IX) The appointment or discharge of a financial, accounting, or internal audit officer.
• (X) Annual and quarter Financial Report signed and sealed by the Chairman, managerial personnel and chief accountant.
• (XI) Proposals on Business Operation Report and Earnings Distribution or Deficit Compensation.
• (XII) Other material matters as may be required by the Company or by the competent authority.

In addition to the above items, the audit committee evaluates the certified public accountant’s independence and performance annually, and communicates the Company’s important issues with external accountants and the internal audit officer at least quarterly or biannually.