Functional Committees
The Company has established the Audit Committee and its bylaws on April 11th, 2017, in compliance with Article 14-4 of the Securities and Exchange Act. and Regulations Governing the Exercise of Powers by Audit Committees of Public Companies. According to Article 4 of the bylaw, the Audit Committee shall consist of all independent directors and the number of committee members shall not be fewer than three. Committee members professional qualifications and experiences
| Name | Professional Qualifications and Experiences |
| Wen-I Lo | Independent Director, Wen-I Lo, graduated from National ChengChi University with a Master of Business Administration. He is also the convener of the Company’s Audit Committee and has a CPA license. He was the President of China Venture Management, Inc. and the Vice President of CDIB Capital Management Corporation. He now serves as a director or a supervisor in other TWSE and TPEx-listed companies. He has vast experience and expertise in accounting, business management and risk management and is not a person of any conditions set forth in Article 30 of the Company Act. |
| Shi-Chern Yen | Independent Director, Shi-Chern Yen, graduated from University of Wisconsin with a Ph.D. in Chemical Engineering. He was the Professor of Chemical Engineering in National Taiwan University until retirement. He is now the honorary and adjunct Professor of Chemical Engineering in National Taiwan University and a member of the Company’s Compensation Committee and Audit Committee. Professor Yen has profound knowledge in chemical engineering and environmental safety and health, which is beneficial to the Company concerning risk management of factory operation. Mr. Shi-Chern Yen is not a person of any conditions set forth in Article 30 of the Company Act. |
| Yung-Shun Chuang | Independent Director, Yung-Shun Chuang, is an Honorary Doctorate of National Taiwan University of Science and Technology. He was elected as an Independent Director in the by-election at Shareholders’ Meeting on July 16, 2021. He is the convener of the Compensation Committee and a member of the Audit Committee. He is a chairperson in multiple TWSE-listed companies and serves concurrently as a director, thereby having vast experience and expertise in business and risk management. He is not a person of any conditions set forth in Article 30 of the Company Act. |
The main responsibility of the Audit Committee is to supervise the following matters:
- To formulate or amend internal control system pursuant to Article 14-1 of the Securities and Exchange Act.
- To assess the effectiveness of the internal control system.
- To formulate or amend procedures for significant financial or business activities pursuant to Article 36-1 of the Securities and Exchange Act; for example, acquisition or disposal of assets, derivatives transactions, lending funds to other parties, and provision of endorsements or guarantees to other parties.
- Matters involving Directors’ personal interests.
- Material asset or derivative instrument transactions.
- Material loans to others or provision of endorsement or guarantees.
- Offering, issuance, or private placement of equity-type marketable securities.
- Appointment and discharge of CPAs or their compensation.
- Appointment or discharge of a financial, accounting, or internal audit officer.
- Annual financial reports which signed by Chairperson, managers and accounting supervisors, and the Q2 financial reports which audited by CPAs.
- Other material matters governed by the Company or the competent authorities.
