The Audit Committee
The Fifth Term of Audit Committee
| Name | Title | Major industrial/educational background |
|---|---|---|
| I-Shih Chen | Convener | Master of Management Science, National Chiao Tung University Chairman, Apacer Technology Inc. Vice President, Acer Inc. |
| Cheng-Chung Li | Member | Ph.D., Materials Engineering, National Chiao Tung University Master of Business EMBA, Stanford University Deputy General Director of Electronic and Optoelectronic System Research Laboratories, Industrial Technology Research Institute Deputy Director of Display Center Director Room, Industrial Technology Research Institute |
| Huei-Shih Lung | Member | Bachelor, Department of Business Administration, National ChengChi University Chairman, HsiangLung Investment Co. Ltd. Chairman, Aserve Technology Corp. Chief Accounting Officer, Acer Incorporated Independent Director and member of Remuneration Committee, AOPEN Incorporated Independent Director and member of Remuneration Committee, ProLight Opto Technology Corporation |
Annual key functions and operations:
1. 2021 key functions
- Communicate results of audit report with the head of internal audit regularly according to the annual audit plan.
- Communicate with CPA regularly over financial statement review or audit results in each quarter.
- Review financial reports.
- Assessment of effectiveness of internal control system.
- Review the appointment or remuneration of attesting CPA.
- Evaluate the independence of CPA who provide audit and non-audit services.
- Review the Company's operational procedures and material transactions of assets, derivatives, capital lending
- Legal compliance.
2. 2021 operations:
The Audit Committee held six meetings during 2021. Proposals of the Audit Committee meetings have all been approved by members of the Audit Committee with no dissent from all of the Independent Directors. There are no independent directors' avoidance of any proposals in conflict of personal interests in 2021.
3.Where the operations of the Audit Committee meets matters included in Article 14-5 of the Securities and Exchange Act, it shall clearly disclose the Audit Committee's convening items and resolutions:
| Audit Committee Term (Date) | Content | Objections, reservations or major suggestion of Independent Director | The result of resolutions of the Audit Committee | The Company’s actions in response to the resolutions |
|---|---|---|---|---|
| 5th Term 3th Meeting (2021.02.01) |
| None | Chairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion. | All resolutions have been approved with no dissent by all attending directors of the Board of Directors. |
| 5th Term 4th Meeting (2021.04.26) |
| None | Chairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion. | All resolutions have been approved with no dissent by all attending directors of the Board of Directors. |
| 5th Term 5th Meeting (2021.06.29) | Approved the disposition of Darwin Precisions (Suzhou) Corp.’s real estate, a subsidiary | None | Chairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion. | All resolutions have been approved with no dissent by all attending directors of the Board of Directors. |
| 5th Term 7th Meeting (2021.10.25) |
| None | Chairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion. | All resolutions have been approved with no dissent by all attending directors of the Board of Directors. |
| 5th Term 8th Meeting (2021.12.01) | Approved the increase capital expenditure budget of subsidiary | None | Chairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion. | All resolutions have been approved with no dissent by all attending directors of the Board of Directors. |