Corporate Governance

The purpose of internal audit is to assist the Board of Directors and managers in examining and reviewing deficiencies in the internal control system and measuring the effectiveness and efficiency of operations, as well as to provide timely recommendations for improvement. This ensures that the internal control system remains effectively implemented and serves as a basis for reviewing and revising the internal control system.
Internal audits are conducted in accordance with the annual audit plan approved by the Board of Directors for the purpose of examining the Company's internal operations and ensuring the supervision and management of its subsidiaries.

In addition to reporting audit findings to the Audit Committee on a regular basis, the chief auditor should also attend Board meetings to report findings.

The implementation of internal audits includes investigating and evaluating the internal control system to measure the degree of compliance with current policies and procedures, as well as their impact on various operational activities.

The scope of audit includes the defined audit items, timing, procedures (methods), applicable laws and regulations, and forms used.

The internal audit is an independent unit directly under the Board of Directors. The appointment and removal of the chief internal auditor must be reviewed by the Audit Committee and approved by the Board of Directors.

The Company has established management measures for the appointment, removal, evaluation, and salary management of internal auditors. These measures are submitted by the chief auditor to the Chairman of the Company for approval. The evaluation is conducted on an annual basis, with relevant measures implemented in accordance with the Company's internal regulations.