Audit Committee

Audit Committee Operations


To strengthen the internal supervision mechanism of corporate governance and improve the operational efficiency of the company, the company established an "Audit Committee" on June 27, 2012, in accordance with the Securities and Exchange Act, replacing the role of supervisors. The committee is composed entirely of independent directors, and its main responsibilities include the following:

1. Establishing or amending the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
2. Evaluating the effectiveness of the internal control system.
3. Establishing or amending procedures for major financial and business activities such as the acquisition or disposal of assets, derivative transactions, lending of funds, endorsements, or guarantees, in accordance with Article 36-1 of the Securities and Exchange Act.
4. Matters involving the personal interests of directors.
5. Major asset or derivative transactions.
6. Major lending of funds, endorsements, or guarantees.
7. Raising, issuing, or privately placing equity securities.
8. Appointing, dismissing, or compensating the certifying CPA.
9. Appointing or dismissing financial, accounting, or internal audit officers.
10. Annual financial reports.
11. Matters related to mergers and acquisitions as defined by the Business Mergers and Acquisitions Act.
12. Financial reports for the first to third quarters.
13. Approving the annual audit and non-audit services of the certifying CPA.
14. Communicating and interacting with the certifying CPA.
15. Resolving differences in opinions between management and the certifying CPA regarding financial reports.
16. Discussing other financial information and reports required by the U.S. Securities Exchange Act with management and the certifying CPA.
17. Other significant matters as stipulated by the company or regulatory authorities.

Key Focus Areas for 2024:
1. Establishing or amending the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
2. Evaluating the effectiveness of the internal control system.
3. Annual financial reports.
4. Financial reports for the first to third quarters.
5. Communicating and interacting with the certifying CPA.
6. Communicating and interacting with the company's audit unit.
7. Discussing financial information reports required by the company with management and the certifying CPA.
8. Other significant matters as stipulated by the company or regulatory authorities.

Review of Financial Reports:
The Board of Directors has prepared the company's 2023 business report, financial statements, and profit distribution proposal. The financial statements have been audited by Deloitte & Touche and an audit report has been issued. The Audit Committee has reviewed the aforementioned business report, financial statements, and profit distribution proposal and found no discrepancies.


Name Experience Education Current Position(s) Professional Qualification and Experience
Tzu-Nan, Chia
Director and President ,CHIA HSIN READY-MIXED CONCRETE CORPORATION
MBA, University of Southern California
 Independent Director, TAIWAN PROSPERITY CHEMICAL CORPORATION
The Company’s independent director, Convener of Audit Committee and Compensation Committee and member of Corporate Sustainable Development Committee.
Mr. Tzu-Nan, Chia has served as a director (or independent director) of multiple public companies in different industrial sectors, such as director of TCC, and independent director of Taiwan Prosperity Chemical Corporation, and Ta-Ho Maritime Corporation and is currently the President of Chia Hsin Ready-Mixed Concrete Corporation. He is capable professionally in terms of operational management, leadership skill, crisis management, industrial knowledge, corporate sustainability, and global market perspective. While serving as the Company’s independent director, he provides proper advice and guidance on the Company’s operation, finance, and operational analysis. Mr. Tzu-Nan, Chia’s professionalism is valued while he continues to supervise the operation of the Company.
Liang, Chang
Chairman of Jardine Matheson Group Taiwan
Director of TSRC Corporation
Director of Asia Cement Corporation
Director of Johnson Health Tech Co., Ltd.
Director of Cathay Financial Holding Co., Ltd.
Independent Director of HSBC Bank (Taiwan) Limited
Independent Director of Cathay Real Estate Development Co., Ltd.
Director of Synmosa Biopharma Corporation
 Ph. D of Economics, State University of New York
Director of Global Financial Advisory Co., Ltd.
Director of Yulon Motor Co., Ltd.
Director of Yulon Finance Corporation
Independent Director of Ho-Ping Power Company
ndependent Director of Humble House Hospitality Management Consulting Co., Ltd.
Management Co., Ltd.
The Company’s independent director, Audit Committee member, and Compensation Committee member
Mr. Liang, Chang has served as a director (or independent director) of multiple public companies in different industrial sectors and is currently an independent director of My Humble House Hospitality Management Consulting Co., Ltd. and Ho-Ping Power Company. He is capable professionally in terms of accounting, auditing, industrial knowledge, cross-national M&A, corporate sustainability, and global market perspective. While serving as the Company’s independent director, he provides proper advice and guidance on the Company’s operation and development, financial management, and operational analysis. Mr. Liang, Chang’s professionalism is valued while he continues to supervise the operation of the Company.
Yen-Wei, Ding
President, Regent Hotel Group Director and President, Silks Palace
 College Lasalle Hotel & Restaurant Management Director and President, FDC International Hotels Corp.
The Company’s independent director, Audit Committee member, and Compensation Committee member.
Mr. Yen-Wei Ding currently serves as a director and the President of FDC International Hotels Corporation and was once the President of the Regent Hotel Group. He is capable professionally in terms of operational management, crisis management, industrial knowledge, corporate sustainability, and global market perspective. While serving as the Company’s independent director, he provides proper advice and guidance on the Company’s finance, operational analysis and investment. Mr. Yen-Wei, Ding’s professionalism is valued while he continues to supervise the operation of the Company.
Yu-Chieh, Hsiao
Senior Partner at Lee and Li Attorneys-at-Law
Director of MasterLink Securities Corporation
Director of Yu Ying Medical and Nursing Management College
Bachelor of Laws, Soochow University
Master of Laws, New York University School
Partner Attorney at International Commercial Law Firm
Attorney at Jones Day
The Company’s independent director, Audit Committee member, Compensation Committee member, and Corporate Sustainable Development Committee member.
Mr. Yu-Chieh, Hsiao has served as a director of multiple public companies in different industrial sectors and is currently serving as the Senior Partner in Dentons Taiwan. He is capable professionally in terms of legal, industrial knowledge, cross-national M&A, and global market perspective. While serving as the Company’s independent director, he provides proper advice and guidance on the Company’s operation and development. Mr. Yu-Chieh, Hsiao’s professionalism is valued while he continues to supervise the operation of the Company.