Audit Committee
Information on Audit Committee Members
The members of the Audit Committee of the first term are Independent Director Chang, Chia-Hsing, Lin, Yu-Sheng, and Chang, Lan-Ying. Their service term started from June 16, 2022 and ends on June 15, 2025, which is the same as the service term of the Board of Directors of the current term.One member shall be elected as the convener and meeting chair by and from among the entire membership of the audit committee.
Information of the members of the Audit Committee:
Title | Name | Professional qualification and experience |
Convener | Chang, Chia-Hsing |
Bachelor’s degree, Department of Public Finance, National Chengchi University EMBA , National Chiao Tung University Clerk of credit extension/credit investigation, Taichung regional center, CTBC Bank Assistant Manager, Underwriting Department, Grand Cathay Securities Corporation Manager, Underwriting Department, Masterlink Securities Corp. Senior Commissioner, Operation Management Office, Darwin Precisions Co., Ltd. Executive Director/Chief Financial Officer/Spokesperson, Global Material Science Taiwan Co. Ltd. Supervisor, ACULA Technology Corp. Instructor of Industrial Technology Graduate Program, Feng Chia University Instructor of Corporate Leader Program, Asia University, Taiwan Chairman of Tong Hsin Chi Yuan Management Consulting Co., Ltd. Chairman of Dingcheng Investment Co., Ltd. Independent Director/member of the Salary and Remuneration Committee/Audit Committee of Niching Industrial Corporation Independent Director/member of the Salary and Remuneration Committee/Audit Committee of Axman Enterprise Co., Ltd. |
Member | Lin, Yu-Sheng |
Bachelor’s degree, Department of Economics, National Chengchi University Master of Business, St. Louis University LL.M., National Chengchi University Master of Business, National Taiwan University Chairman of Taishin Investment Development Co., Ltd. ViceVice President of Taishin Leasing and Financing Co., Ltd. Securities Analyst of Taishin Securities Investment Consulting Co., Ltd. Representative of juristic director and supervisor/Supervisor of He Sheng Energy Co., Ltd. Representative of juristic director and supervisor/Director of IIH Biomedical Venture Fund I Co., Ltd. Representative of juristic director and supervisor/Director of Tetanti Agribiotech Inc. |
Member | Huang, Lan-Ying |
Bachelor’s degree, Department of Economics, Fu Jen Catholic University MBA, Cleveland State University DBA (majored in international enterprise), Nova Southeastern University Independent Director/Member of Salary and Remuneration Committee of SDI Corporation Financial Commissioner of Fila Hong Kong |
Operations of the Audit Committee
The Company establishes the Audit Committee that consists of all independent directors in accordance with laws and regulations. At least one meeting will be held in a quarter, and the meeting may be convened anytime if necessary.
Ⅰ. Annual Work Priorities
- Communicate the audit report result with the internal audit officer on a regular basis based on the annual audit plan.
- Communicate with the CPAs of the Company on the financial statements or the audit result on a regular basis.
- Review the financial reports.
- Assess the effectiveness of the internal control system.
- Review the appointment, discharge, remuneration and services of CPAs.
- Review assets, derivatives, regulations for loans to others and endorsement/guarantee, and significant transactions of assets, loans to others, and endorsement/guarantee.
- Compliance with Regulations.
Ⅱ. Implementation Status
- The Audit Committee of our company consists of 3 members.
- The term of office for this committee: From June 16, 2022, to June 15, 2025.
- The attendance of committee members for the year 2024 is as follows:
Title | Name | Expected Attendance | Actual Attendance | By proxy | Attendance Rate (%) | Note |
Convener | Chang, Chia-Hsing | 4 | 4 | 0 | 100% | |
Member | Lin, Yu-Sheng | 4 | 4 | 0 | 100% | |
Member | Huang, Lan-Ying | 4 | 4 | 0 | 100% |
The summaries of each audit committee meeting are as follows:
Date of Meeting | Agenda content | Resolution of the Audit Committee | The Company’s response to these opinions |
2022-06-24 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2022-07-07 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2022-08-11 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2022-11-10 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2022-12-21 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-03-15 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-05-11 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-06-12 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-08-10 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-11-09 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2023-12-21 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2024-03-12 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2024-05-09 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2024-06-12 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
2024-08-08 |
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The proposals were approved by all attending members of the Audit Committees in unanimity | The proposals were approved by all attending directors in unanimity |
Organizational Rules of the Audit Committee (2024-03-12 The board of directors passed the amendment.)
Communication between Independent Directors, the Chief Internal Auditor, and the Accountants
Communication methods between independent directors and internal audit managers and accountants
- The independent directors of the company regularly communicate with the management and the auditors regarding the company’s financial status, the design of the internal control system, and the effectiveness of its implementation. Additionally, at least once a year, they hold a separate meeting with the auditors without the presence of general directors and management. The auditors report their observations and review results concerning financial, accounting, and internal control systems to the independent directors and may provide suggestions.
- The company’s internal audit department regularly reports and communicates with the board of directors and the audit committee regarding deficiencies in the internal control system and the status of corrective actions. The head of the audit department holds at least one separate meeting or email communication with the independent directors each year to discuss issues related to the internal control system.
Communication between the independent directors of the company and the accountants is good. The summary of the main communication topics is as follows:
Date | Communication Method | Communication Content | Independent Director's Opinion | Processing Execution Result |
111-08-11 | Communication Meeting |
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Unqualified | Not Applicable |
112-03-15 | Communication Meeting |
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Unqualified | Not Applicable |
112-08-10 | Communication Meeting |
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Unqualified | Not Applicable |
112-11-09 | Communication Meeting |
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Unqualified | Not Applicable |
113-03-12 | Communication Meeting |
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Unqualified | Not Applicable |
113-08-08 | Communication Meeting |
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Unqualified | Not Applicable |
The communication between the independent directors of the company and the internal audit chief is good. The summary of the main communication topics is as follows:
Date | Communication Method | Communication Content | Independent Director's Opinion | Execution Result |
2022-12-21 | Communication Meeting | Report on Audit Activities for November 2022. | Unqualified Opinion | Not Applicable |
2023-01-06 | Audit Report for December 2022. | Unqualified Opinion | Not Applicable | |
2023-02-07 | Audit Report for Januray 2023. | Unqualified Opinion | Not Applicable | |
2023-03-06 | Audit Report for February 2023. | Unqualified Opinion | Not Applicable | |
2023-04-07 | Audit Report for March 2023. | Unqualified Opinion | Not Applicable | |
2023-05-05 | Audit Report for April 2023. | Unqualified Opinion | Not Applicable | |
2023-05-11 | Communication Meeting | Key Audit Focus Reports and Post-Audit Tracking Explanations for January to April 2023. | Unqualified Opinion | Not Applicable |
2023-06-06 | Audit Report for May 2023. | Unqualified Opinion | Not Applicable | |
2023-07-12 | Audit Report for June 2023. | Unqualified Opinion | Not Applicable | |
2023-08-08 | Audit Report for July 2023. | Unqualified Opinion | Not Applicable | |
2023-09-06 | Audit Report for August 2023. | Unqualified Opinion | Not Applicable | |
2023-10-06 | Audit Report for September 2023. | Unqualified Opinion | Not Applicable | |
2023-11-02 | Audit Report for October 2023. | Unqualified Opinion | Not Applicable | |
2023-12-06 | Audit Report for November 2023. | Unqualified Opinion | Not Applicable | |
2023-12-21 | Communication Meeting | Key Audit Focus Reports and Post-Audit Tracking Explanations for May to November 2023, including the Audit Plan for 2023. | Unqualified Opinion | Not Applicable |
2024-01-08 | Audit Report for December 2023. | Unqualified Opinion | Not Applicable | |
2024-02-02 | Audit Report for Januray 2024. | Unqualified Opinion | Not Applicable | |
2024-03-04 | Audit Report for February 2024. | Unqualified Opinion | Not Applicable | |
2024-03-12 | Communication Meeting | Key Audit Focus Reports and Post-Audit Tracking Explanations for December 2024 to February 2025. | Unqualified Opinion | Not Applicable |
2024-04-08 | Audit Report for March 2024. | Unqualified Opinion | Not Applicable | |
2024-05-03 | Audit Report for April 2024. | Unqualified Opinion | Not Applicable | |
2024-06-12 | Audit Report for May 2024. | Unqualified Opinion | Not Applicable | |
2024-07-05 | Audit Report for June 2024. | Unqualified Opinion | Not Applicable | |
2024-08-02 | Audit Report for July 2024. | Unqualified Opinion | Not Applicable |