Overview

Our company has established a corporate governance system that, in addition to complying with relevant laws and regulations and the articles of association, protects shareholder rights, treats shareholders equally, strengthens the structure and operation of the board of directors, enhances information transparency and timeliness, values the rights of stakeholders, and is committed to building an effective corporate governance structure, as explained below:

Implementation Principles

Our company attaches great importance to corporate governance and operates in accordance with the following principles:

1. Immediate disclosure of important information enhances information transparency.
2. An audit committee shall be established to oversee the adequacy of the company’s financial statements, the effective implementation of internal controls, the management of existing or potential risks to the company, and to ensure the independence and impartiality of the accountants.
3. Establish a remuneration committee to strengthen corporate governance and improve the remuneration system for company directors and managers.
4. A positive interaction and checks and balances between the board of directors and the management team.
5. The resolutions at the shareholders' meeting were voted on one by one, and voting rights were exercised electronically, thus fully realizing the exercise of shareholders' rights.
6. We adhere to corporate governance guidelines, uphold the principle of honest operation, and implement internal audit mechanisms.

Implementation of Corporate Governance

Our company has established an "Audit Committee" and a "Compensation and Remuneration Committee".

1. Salary and Compensation Committee
   Our company established a Compensation and Salary Committee in May 2016. To implement corporate governance principles, it operates in accordance with our "Compensation and Salary Committee Organization Regulations." Its main responsibilities are:
   (1) Regularly review the “Organizational Regulations of the Salary and Compensation Committee” and propose amendments.
   (2) To establish and periodically review the policies, systems, standards and structures for the annual and long-term performance targets and compensation of the Company’s directors and managers.
   (3) Regularly assess the achievement of the performance targets of the Company’s directors and managers, and determine the content and amount of their individual remuneration.
2. "Audit Committee":
   Since June 2016, our company has established an Audit Committee to replace the Supervisory Committee. In order to implement the spirit of corporate governance, the Audit Committee operates in accordance with the company's "Audit Committee Organization Regulations," with the main purpose of supervising the following matters:
   (1) The proper presentation of the company’s financial statements.
   (2) Selection of visa accountants and their independence and performance.
   (3) Effective implementation of the company’s internal control.
   (4) The company complies with relevant laws and regulations.
   (5) Management of existing or potential risks to the company.

Information disclosure system

Our company has a comprehensive information disclosure system in place to ensure that shareholders can obtain the latest and most accurate information about the company as a basis for investment. Based on the principles of accuracy, detail and fairness, we provide timely information on operations, finance, board resolutions, the general manager's management philosophy and policies, etc.