Functional Committee

The Company has established functional committees such as the "Audit Committee" and "Salary and Remuneration Committee" under the board of directors and "Independent directors, audit supervisors and accountants symposiums" are held regularly to assist the board in supervising and improving corporate governance.

Audit Committee

The Company formally established the "Audit Committee" on August 20, 2021. It has three members who are all independent directors. The convener of this batch of committee is Mr. Shui-Jin Chen, and the other two are Mr. Wan-Chung Chen and Mr. Zai Ke.
The goal of the committee is to help the board improve the performance of governance. Its powers include establishing or modifying the internal control system, acquisition or disposal of assets, handling procedures related to major financial activities in derivatives and evaluating the effectiveness of the internal control system. For the organizational rules, please refer to the articles of incorporation. For the status of meetings and meeting attendance, please refer to the annual report.

Resolutions of the 2021 audit committee regarding major proposals and the Company's handling of the audit committee's opinions.

Meeting Date Content of Motions Matters specified in Article 14-5 of the Securities and Exchange Act Matters which have not been passed by the Audit Committee but have been approved by more than two-thirds of all directors
2021/11/04
1st batch 1st time
The Company's 2021 Q3 consolidated financial reports None
Lending funds to the subsidiary Acegreen Eco-Material Technology None
Endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology None
Resolution: Unanimous approval by the Committee members.
Company's handling of audit committee's opinions (2021/11/04): Unanimous approval by all directors attending the board meeting.

Salary and Compensation Committee

The Company formally established its "Salary and Remuneration Committee" on February 10, 2012. It has three members who are all independent directors. The convener of this batch of committee is Mr. Shui-Chin Chen, and the other two are Mr. Wan-Chung Chen and Mr. Tsai Ke.
The goal of the committee is to help the board carry out and asses the Company's overall salary, remuneration and benefits policies, so the board can, considering factors such as the company's business performance, individual performance, industry level and future risks, regularly assess the performance appraisal and salary and remuneration of directors, supervisors and managers and submit their suggestions to the board for discussion.
For the organizational rules, please refer to the articles of incorporation. For the status of meetings and meeting attendance, please refer to the annual report.

Discussion of proposals of the Salary and Remuneration Committee in 2021:

Meeting date Discussion Topics
2021/01/10
8th meeting of the 4th batch
The Company's 2021 salary and remuneration for directors and supervisors.
Amendment to the Company’s year-end bonus payment method.
The Company's itemized payment of salary and remuneration to managers in 2021
and the distribution of year-end bonuses and incentive in 2020.
2021/08/05
9th meeting of the 4th batch
The Company's project implementation of employee share ownership trust plan.
Company’s manager remuneration increase proposal in 2021.
Company's distribution of managers' performance bonus in 2021.

Communicate With Corporate Governance Units

Communication between independent directors and internal auditing managers and accountants

(1) Communication between independent directors, accountants and internal auditing managers: they hold at least one symposium a year and discuss issues with the board of directors and the Audit Committee.
(2) The auditing managers, accountants and independent directors may contact one another at any time as needed to maintain good interactions and communication.
(3) The summary of the symposium held by independent directors, certified public accountants and auditing supervisors in 2021 is as follows:

Meeting Date / Meeting Name Matters to be Communicated Task Results
2021/03/24
2021 Independent directors,
accountants and auditing supervisors’ symposium
The Company's 2020 financial report
2020 key audit matters
2020 internal control system self-evaluation statement
Has communicated on governance matters related to the review of
financial statements, and there are no abnormalities,
major review adjustments and differences or undisclosed matters.
Independent directors: No opinion.
Report to the board after review and approval.
2021.01.26
14th meeting of the 11th batch
Report on audit conducted for November and December 2020.
Report on the Company's improvements to the internal control practices
2021 annual audit plan.
Everyone in attendance was notified and expressed no objections.
2021.03.24
15th time of the 11th batch
Board of Directors Meeting
Report on audit conducted for January and February 2021.
The Company's 2020 financial statements
Make up for the losses of 2020
Internal control system self-evaluation statement
Everyone in attendance was notified and expressed no objections.
2021.05.06
16th meeting of the 11th batch
Report on audit conducted for the period between January and April 2021.
2021 Q1 consolidated financial statements
Everyone in attendance was notified and expressed no objections.
2021.08.05
18th meeting of the 11th batch
Report on audit conducted for the period between January and July 2021.
2021 Q2 consolidated financial statements
Everyone in attendance was notified and expressed no objections.
Total 0