Independent Directors’ Communication with Internal Auditor and Certified Public Accountant (CPA)
I. Communication methods
1. The head of internal auditor and independent directors meet at least once a quarterly regular meeting to report on the company’s internal audit execution status, internal control operations and the execution of Audit Committee Letter; meetings can be convened at any time if there are major events.
2. Independent directors and accountants meet at least twice a year regular meeting. Accountants report on the results of quarterly financial statement reviews or verifications and other communication requirements required by relevant laws and regulations. Communications will be made on whether there are any significant adjustment entries or legal amendments affecting the accounting situation and they also regularly update laws and ordinances to independent directors every year. Independent directors also conduct independent assessments of the services provided by accountants. If there are major events, a meeting can be convened at any time.
II. The communication situation is as the attached:
| Date | Focus on | Results |
|---|---|---|
| 2024.03.12 | Major findings from the CPA’s audit of the Company’s 2023 consolidated financial reports(including journal entry adjustment and material weaknesses in internal control), the subsequent audit report was submitted to the meeting for discussion. | All of above matters were reviewed and approved by the Audit Committee whereupon independent directors raised no objection. |
| 2024.05.08 | Communication regarding the approved 2024 Q1 consolidated financial statements with the CPA. | All of above matters were reviewed and approved by the Audit Committee whereupon independent directors raised no objection. |
| 2024.11.08 | Communication regarding the approved 2024 Q3 consolidated financial statements with the CPA. | All of above matters were reviewed and approved by the Audit Committee whereupon independent directors raised no objection. |
| 2024.12.20 | Accountant’s explanation and communication on 2024Year Individual and Consolidated Financial Statements in terms of pre-audit planing, key audit events and operating performance analysis | All of above matters were reviewed and approved by the Audit Committee whereupon independent directors raised no objection. |
| Date | Focus on | Results |
|---|---|---|
| 2024.03.12 | 2024Q1 Presentation of audit report. The company conducted an assessment of the effectiveness of its internal control system for the year 2023 and issued an “Internal Control Statement” report. |
No major lack of internal control and abnormal events. |
| 2024.05.08 | 2024Q2 Presentation of audit report. | No major lack of internal control and abnormal events. |
| 2024.08.08 | 2024Q3 Presentation of audit report. | No major lack of internal control and abnormal events. |
| 2024.11.08 | 2024Q4 Presentation of audit report. | No major lack of internal control and abnormal events. |
| 2024.12.20 | Discussion on the Company’s internal audit plan for 2025 . | No major lack of internal control and abnormal events. |