Audit Committee is composed of the entire number of Independent Directors, and at least one of whom shall have accounting or financial expertise. The Independent Director members of the Committee serve a 3-year term, and may be re-elected to further terms.

Matters considered by the Audit Committee are as follows:

1. The adoption of or amendments to the internal control system pursuant to Article 14-1 of the Securities and Exchange Act.
2. Assessment of the effectiveness of the internal control system.
3. The adoption or amendment, pursuant to Article 36-1 of the Securities and Exchange Act, of the procedures for handling financial or business activities of a material nature, such as acquisition or disposal of assets, derivatives trading, loaning of funds to others, and endorsements or guarantees for others.
4. Matters in which a director is an interested party.
5. Asset transactions or derivatives trading of a material nature.
6. Loans of funds, endorsements, or provision of guarantees of a material nature.
7. The offering, issuance, or private placement of equity-type securities.
8. The hiring or dismissal of a certified public accountant, or their compensation.
9. The appointment or discharge of a financial, accounting, or internal audit officer.
10. Annual and quarter financial reports.
11. Other material matters as may be required by this Corporation or by the competent authority.

Operation of Audit Committee

1. The Audit Committee is established on June 25, 2013, with 5 committee members.
2. The term of service of Audit Committee was from May 26, 2022 to May 25, 2025. Meetings held since May 26, 2022 till now: 7 times.
3. The Audit Committee meetings held 4 times in 2023.
4. Members’ participation status in 2023 is as follows:

Compensation Committee exercises the care of a good administrator to faithfully perform the following duties and present its recommendations to the Board of Directors for discussion.

1. Prescribe and periodically review the performance and compensation policy, system, standards, and structure for directors and managerial officers.
2. Periodically evaluate and prescribe the compensation of directors and managerial officers.

Operation of Compensation Committee

1. The Compensation Committee is established on December 13, 2011, with 3 committee members.
2. The term of service of Compensation Committee was from June 9, 2022 to May 25, 2025. Meetings held since June 9, 2022 till now: 7 times.
3. The Compensation Committee meetings held 5 times in 2023.
4. Members’ participation status in 2023 is as follows:

To ensure the soundness of the Board and strengthen the management mechanism, the Company establish a Nominating Committee in December, 2020. The committee is composed of Chairman and 4 Directors (including 3 Independent Directors). Convener Mark Fan, Member Ching Hsiao, and Y.K Chu has years of operational management experience, whereas Member Allen Tsai and Frank Lin possesses excellent management experience of corporate governance practices, all committee members met the qualification of this committee.

Responsibilities of the Nominating Committee are as follows:

1. Laying down the standards of composition and qualification of the Board and managers, and electing and reviewing candidates for directors and managers based on such standards, as well as presenting the list of suggested candidates to the Board of Directors.
2. Establishing and developing the organizational structure of the Board and each committee, reviewing the qualification and potential interest conflict of committee members, and evaluating the independence of the independent directors.
3. Establishing and reviewing on a regular basis program for director continuing education and the succession plans of directors and managers.
4. Other matters to be performed by the Committee pursuant to the resolution of the board of directors.

Operation of Nominating Committee

1. The Nominating Committee is established on December 21, 2020, with 5 committee members.
2. The term of service of Nominating Committee was from May 26, 2022 to May 25, 2025. Meetings held since May 26, 2022 till now: 4 times.
3. The Nominating Committee meetings held 2 times in 2023.
4. Members’ participation status in 2023 is as follows:

The Company is committed to strengthening the sustainable management system. To ensure implementation of corporate sustainability strategy, the Company established ESG Committee in 2022 to promote the implementation and operation of sustainable development and strengthen the supervision and management of sustainability.

Responsibilities of the ESG Committee are as follows:

1. To formulate sustainable development direction and goals, and formulate relevant management policies and specific promotion plans.
2. To promote and implement the Company's integrity management and risk management and other related work.
3. To track, review, and revise the implementation and effectiveness of the Company's sustainable development.
4. Other matters to be performed by the Committee pursuant to the resolution of the Board of Directors.

Operation of ESG Committee

1. The ESG Committee is established on June 9, 2022, with 3 committee members.
2. The term of service of ESG Committee was from June 9, 2022 to May 25, 2025. Meetings held since June 9, 2022 till now: 7 times.
3. The ESG Committee meetings held 4 times in 2023.
4. Members’ participation status in 2023 is as follows: