Functional Committees

The Audit Committee, which is composed of the entire number of the Independent Directors, assists the Board of Directors to enhance corporate governance effects. The Audit Committee is responsible for：

1. Adoption or amendment of an internal control system, of handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, and assessment of the effectiveness of the internal control system；
2. The matter bearing on the personal interest of the Directors；
3. Review transactions involving an interested party pursuant to the law and review transactions involving transaction observation objects that shall require a prior approval of the board of directors in accordance with the law or in accordance with the relevant regulations of the company；
4. The material asset or derivatives transaction；
5. The offering, issuance, or private placement of any equity-type securities；
6. The hiring or dismissal of an attesting CPA, or the compensation given thereto, and the appointment or discharge of a financial, accounting, or internal auditing officer；
7. Annual and second-quarter financial reports signed or stamped by the chairman, manager and accounting supervisorAnnual and semi-annual financial reports；
8. Proposal on business report, profit distribution or loss compensation；
9. Functions and powers that shall be exercised by the Special Committee on Mergers and Acquisitions according to law；
10. Any other material matter so required by CFH or the Competent Authority.

Regular meetings of the Audit Committee shall be held quarterly. The Audit Committee is entitled to require that any officer, employee, internal audit executive, outside legal counsel, certificated public accountant or other related parties attend a meeting of the Committee and provide information.
Mr. Edward Yung Do Way is the Convener and Chairman of 6th Audit Committee.