“Honesty and Integrity” constitutes the core value of CSRC. We value regulatory compliance and strictly abide by local government laws and regulations in order to achieve sustainable operations while also taking responsibility for employees, shareholders, and the overall supply chain. The Company’s operations are based on the concepts of honesty, fairness, and transparency and with zero violations as the management goal. Each unit within CSRC regularly confirms the trends of relevant laws and regulations according to their responsibilities. This is done through regular identification of laws and regulations, collection of internal and external issues, and reporting and implementation of improvement measures against operational risks to ensure that CSRC complies with various laws and regulations in order to avoid the risk of violations.

Regulation identification results

In the future, CSRC will continue to evaluate the revisions of regulations such as governance, environment, product liability, and labor human rights, in order to make adjustments in advance to meet regulatory requirements.

CSRC regularly conducts relevant education and advocacy training for directors, managers, employees, and actual controllers. In 2023, based on different roles and responsibilities, various ethical corporate management and sustainable development-focused training sessions were provided. This was done to ensure a comprehensive understanding of the violations of ethical principles and to formulate better business strategies in response to sustainability trends. Managers, the Corporate Sustainability Committee, and the management team focused on sustainable operations and audit practices to create an operating environment conducive to sustainable corporate development. Accumulated training involved 38 individuals, totaling 180.5 hours. Details of relevant training records are as follows:

Note: For directors' continuing education, please refer to the official website’s Director Area – Ethical Corporate Management and Ethical Norms; Managers’ participation in further education and training related to corporate governance may refer to annual report P82.

In 2023, CSRC Group had no major violations of environmental, labor human rights and occupational health and safety (with fines exceeding NT$500,000). In 2023, there were a total of four non-major violations of laws and regulations, with a total fine of NT$899,256, with no major regulatory violations sanctioned beyond monetary penalties.