Audit Committee Operations and Members

The duties and powers of the Audit Committee mainly include reviewing the following matters:

◎ Develop or amend internal control systems.
◎ Assessment of the effectiveness of the internal control system.
◎ Formulate or amend procedures for handling major financial business activities such as acquiring or disposing of assets, engaging in derivatives transactions, lending funds to others, endorsing or providing guarantees for others.
◎ Matters involving directors' own interests.
◎ Significant asset or derivatives transactions.
◎ Significant capital loans, endorsements or guarantees.
◎ Raising, issuing or privately placing securities of an equity nature.
◎ Appointment, dismissal or remuneration of certified accountants.
◎ Appointment and removal of finance, accounting or internal audit managers.
◎ The annual financial report signed or stamped by the chairman, manager and accounting supervisor and the second quarter financial report must be verified and certified by an accountant.
◎ Other major matters stipulated by the company or the competent authority.

According to the organizational rules of the Audit Committee of FCS, the Audit Committee is composed of all independent directors. At present, there are four members of the Audit Committee of FCS Company. Among them, the convener has accounting expertise and is elected by all members.

The Audit Committee meets at least once every quarter. For information on the meetings of the Committee and the attendance rate of each member, please refer to the Company's annual reports.



Committee members:
◎ Huang, Chung-Hui - Independent Director (Convener)
◎ Lin, Chih-Mao - Independent Director
◎ Hsu, Ya-Fen - Independent Director
◎ Su, Ling-Sung - Independent Directors
and above members’ relevant academic experience can be found on this website for information on the selection of independent directors.



Principles for communication between independent directors and internal audit supervisors and accountants:

1. In daily life, the audit supervisor and accountant may communicate directly with independent directors as necessary, and the communication should be good.
2. The accountant shall report the annual audit results in front of the Audit Committee at least once a year.
3. At least once a year, accountants and audit supervisors communicate with each other regarding audit opinions and issues during control testing.
4. In addition to submitting audit reports to each independent director on a monthly basis, the internal audit manager also attends each audit committee meeting to report on the annual audit plan.



Communication status between independent directors, accountants and audit supervisors