Composition

The Audit Committee must be comprised of more than three directors, more than two thirds of whom shall be independent directors, and must include at least more than one director with accounting or financial expertise. All Audit Committee members are appointed by resolution at the general meeting for shareholders, and the chair is selected through a committee resolution.

• Currently all three members are independent directors, and the committee is chaired by independent director Janice Lee.

Dismissal of an Audit Committee member must be authorized at a general meeting of shareholders, and in case of a vacancy occurring due to a dismissal, term expiration, or personal reasons, a new member can be appointed at the general meeting for shareholders in accordance with the relevant laws and regulations.

Operation

Regular Audit Committee meetings shall be held once every half-year, and special meetings may be held as often as needed.

The Audit Committee may conduct an audit not only by using a checklist, but also by using various methods such as participate in important meetings, have access to documents and seek the opinion of relevant persons.

• The convening of meetings, method of resolution, and opinion seeking and all other operation details will be determined by the Audit Committee guidelines.

Authorization

• Authority to audit business of the company
• Authority to request reports on the business status of the company and investigate assets of the company
• Authority to receive reports from directors
• Authority to investigate subsidiaries of the company
• Authority to request to stop any acts in violation of law
• Authority to institute various actions
• Authority to request the convocation of a general meeting of shareholders
• Authority to recommend candidates, change, or terminate external auditors

Committee Activities