Operations

Committee Members Operations

The 4th Audit Committee held 18 meetings from Jul 7 2021to May 28, 2024. The attendance of directors is as follows:

Name
and Name of Representative		 Actual Attendance Number of Delegated Attendance Actual Attendance % (B/A) Remarks
Tzu-Nan, Chia 18 0 100%
Yen-Wei, Ding 17 1 94%
Liang, Chang 16 2 89%
Yu-Chieh, Hsiao 4 0 100% Resigned on 2024.05.30


The 5th Audit Committee held 5 meetings from May 28 2025 until now . The attendance of directors is as follows:

Name
and Name of Representative		 Actual Attendance Number of Delegated Attendance Actual Attendance % (B/A) Remarks
Tzu-Nan, Chia 5 0 100%
Yen-Wei, Ding 5 0 100%
Liang, Chang 5 0 100%
Yu-Chieh, Hsiao 4 1 80%


Operations

Meeting Date Proposal Results Audit Committee Resolution CSRC’s Handling of Audit Committee’s Opinion
2021.8.12
4 th Term, 2nd Meeting of the Audit Committee
 The company (including subsidiaries) intends to waive the subscription rights for the cash capital increase of TCC Circular Energy Technology Co., Ltd. All attending committee members approved as proposed.
Meeting Minutes:
Chairman Koo mentioned that if minority shareholders inquire about whether waiving the subscription rights for the capital increase would harm shareholder interests, the explanation is as follows:
1. Considering the operational and overseas expansion capital needs of International CSRC Investment Holdings Co., Ltd., and the ongoing arbitration of biotech royalties, future cash flow is still uncertain. Given the current financial situation of International CSRC, it is difficult to maintain control over TCC Circular Energy.
2. Although we know that the research and development and manufacturing capabilities of batteries have further improved, the technical certification and feasibility of application in products still need about 2-3 years to be verified, and there may be further fundraising needs. At that time, International CSRC can evaluate the possibility of reinvestment based on its financial situation.
All attending directors approved as proposed.
The company's consolidated financial report for the second quarter of 2021. All attending committee members approved as proposed. All attending directors approved as proposed.
Adjustment of endorsement and guarantee for financing of related enterprises. All attending committee members approved as proposed. All attending directors approved as proposed.
2021.11.11
4 th Term, 3nd Meeting of the Audit Committee
 The company's consolidated financial report for the third quarter of 2021. All attending committee members approved as proposed. All attending directors approved as proposed.
Agreement for the company and its subsidiaries, including Circular Economy Co., Ltd., Synpac (North Carolina) Inc., and Synpac Venture Capital, L.P. (collectively referred to as Synpac subsidiaries), to sign a settlement agreement with Genzyme Corporation regarding the arbitration dispute over the "method for treating Pompe disease" involving European and US patents. All attending committee members approved as proposed. All attending directors approved as proposed.
2021.12.17
4 th Term, 4nd Meeting of the Audit Committee
 To seek approval for the company to conduct a cash capital increase for CSRC (BVI) Ltd., or for Synpac (North Carolina), Inc. to lend funds to CSRC (BVI) Ltd., which will then use the capital increase or loan amount to increase the capital of CSRC (Singapore) Pte Ltd., and for CSRC (Singapore) Pte Ltd. to conduct a cash capital increase for Continental Carbon Eco Technology Private Limited, with a total capital amount of USD 60 million. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.2.25
4 th Term, 5 th Meeting of the Audit Committee
 CSRC's 2021 individual financial statements and consolidated financial statements. All attending committee members approved as proposed. All attending directors approved as proposed.
Approval for the company to conduct a capital increase for CSRC (BVI) Ltd., which will then increase the capital of CSRC (Singapore) Pte. Ltd., to indirectly conduct a cash capital increase for "CSRC (Anshan) Chemical Industry Co., Ltd.", with a total capital amount of USD 20 million. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.4.12
4 th Term, 6 th Meeting of the Audit Committee
 The profit distribution plan of our company for the year 2021. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.5.10
4 th Term, 7 th Meeting of the Audit Committee
 The company's consolidated financial report for the first quarter of 2022. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.6.23
4 th Term, 8 th Meeting of the Audit Committee
 CSRC intends to forgo the subscription of shares in the cash capital increase of the affiliated company, TCC Green Energy Technology Co., Ltd. (hereinafter referred to as TCC Green Energy). All attending committee members approved as proposed. All attending directors approved as proposed.
2022.8.9
4 th Term, 9 th Meeting of the Audit Committee
 CSRC's consolidated financial report for the second quarter of 2022. All attending committee members approved as proposed. All attending directors approved as proposed.
It is proposed to approve that Synpac (North Carolina), Inc. lends funds to CCC Dutch B.V., which will then increase its capital in the Dutch joint venture company. This will indirectly provide a cash capital increase to the Turkish company, with a total funding amount of USD 11 million. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.11.9
4 th Term, 10 th Meeting of the Audit Committee
 The company's consolidated financial report for the third quarter of 2022. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.12.15
4 th Term, 11 th Meeting of the Audit Committee
 It has been resolved to adjust the matter to an endorsement guarantee for financing of affiliated companies. All attending committee members approved as proposed. All attending directors approved as proposed.
2022.2.23
4 th Term, 12 th Meeting of the Audit Committee
 CSRC's 2022 individual financial statements and consolidated financial statements. All attending committee members approved as proposed. All attending directors approved as proposed.
2023.3.29
4 th Term, 13 th Meeting of the Audit Committee
 Proposal for CSRC's 2023 earnings distribution. All attending committee members approved as proposed. All attending directors approved as proposed.
2023.5.10
4 th Term, 14 th Meeting of the Audit Committee
 CSRC's consolidated financial report for the first quarter of 2023. All attending committee members approved as proposed. All attending directors approved as proposed.
2023.6.15
4 th Term, 15 th Meeting of the Audit Committee
 Approve our CSRC's capital increase of USD 15 million in "China Synthetic Rubber (Anshan) Chemical Industrial Co., Ltd." All attending committee members approved as proposed. All attending directors approved as proposed.
2023.8.9
4 th Term, 16 th Meeting of the Audit Committee
  • CSRC's consolidated financial report for the second quarter of 2023.
  • approve that our company will conduct a cash capital increase in CSRC (BVI) Ltd., which will then increase its capital in CSRC (Singapore) Pte Ltd. This will indirectly provide a cash capital increase to Continental Carbon Eco Technology Private Limited, with a total funding amount not exceeding USD 45 million.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2023.11.9
4 th Term, 17 th Meeting of the Audit Committee
  • CSRC's consolidated financial report for the third quarter of 2023.
  • It has been resolved to adjust the matter to an endorsement guarantee for financing of affiliated companies.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2023.12.20
4 th Term, 18 th Meeting of the Audit Committee
It has been resolved to adjust the matter to an endorsement guarantee for financing of affiliated companies.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2023.2.26
4 th Term, 19 th Meeting of the Audit Committee
  • CSRC's 2023 individual financial statements and consolidated financial statements.
  • Appoint the auditors for the company's financial statements for the year 2024.
  • Appoint Deloitte Taiwan, the accounting firm responsible for auditing and attesting the company's financial statements, to provide non-assurance services to the company and its subsidiaries.
  • Report on the execution of financial and business-related operations between the company and its related parties.
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
  • Proposal to issue CSRC's 2023 Statement on Internal Control System.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2023.3.19
4 th Term, 20 th Meeting of the Audit Committee
Proposal for CSRC's 2023 earnings distribution.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2024.5.10
4 th Term, 21 st Meeting of the Audit Committee
  • CSRC's consolidated financial report for the first quarter of 2024.
  • CSRC’s subsidiary, Continental Carbon Company, intend to sign an agreement with Eco Infinic Co., Ltd., the Thai subsidiary of Hsieh Chang Hsing Co., Ltd., to jointly establish a joint venture company in the United States. This joint venture will set up an environmentally friendly recovered Carbon Black (rCB) business at CCC's original Phenix plant in Alabama, USA.
  • Plans to increase the capital of "China Synthetic Rubber (Chongqing) Carbon Black Co., Ltd." by USD 6.6 million.
  • CSRC and CSRC’s subsidiaries to participate in capital increase of DutchCo to indirectly invest in Turkey over NTD 300 million.
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2024.5.28
4 th Term, 1 st Meeting of the Audit Committee
Election of the Chairperson and convener.
 All attending members unanimously elected Commissioner Chia Tze-Nan as the meeting chairman and convener. -
2024.8.12
4 th Term, 2 nd Meeting of the Audit Committee
  • CSRC’s Board Resolution regarding the subsidiaries' adoption of IAS 36 for Asset Impairment.
  • CSRC's consolidated financial report for the second quarter of 2024.
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2024.11.12
4 th Term, 3 rd Meeting of the Audit Committee
  • CSRC's consolidated financial report for the third quarter of 2024.
  • The proposal to increase the capital of "TSRC (Anshan) Chemical Industrial Co., Ltd." by USD 35 million.
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2024.11.20
4 th Term, 4 th Meeting of the Audit Committee
  • Signing of Equity Acquisition Framework Agreement with Longxing Chemical for disposal of CSRC China (Chongqing) Corporation shares.
  • The proposal for our company to increase the capital of "China Synthetic Rubber (Chongqing) Carbon Black Co., Ltd." by USD 16.3 million.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2024.12.23
4 th Term, 5 th Meeting of the Audit Committee
  • CSRC intends to establish the "Sustainable Information Management Procedures" and respectfully submits this proposal for review and approval.
  • Proposed to draft the internal audit plan for our company for the year 2025 and submit it for review and approval.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2025.1.15
5th Term, 6th Meeting of the Audit Committee
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2025.3.11
5th Term, 7th Meeting of the Audit Committee
  • CSRC's 2024 individual financial statements and consolidated financial statements.
  • Resolution on the distribution of the company's earnings for the year 2024.
  • Proposal for the appointment of auditors for the certification of the company's financial statements for the year 2025.
  • The major subsidiary CSRC China (Anshan) Corporation regarding dissolution and liquidation process
  • CSRC's proposal regarding the convening of 2024 Annual General Shareholders' Meeting is hereby submitted for review.
  • Proposal to amend CSRC's Internal Control System and approve the new version of the Internal Control Compilation
 All attending committee members approved as proposed. All attending directors approved as proposed.
2025.4.28
5th Term, 8th Meeting of the Audit Committee
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2025.5.12
5th Term, 9th Meeting of the Audit Committee
  • CSRC's consolidated financial statements for the first quarter of 2024 is hereby submitted for review.
  • To improve the company's financial structure and make better use of idle assets, it is proposed to sell a total of 90 plots of land in the Changxing and Haishan sections of Hsinchu City.
 All attending committee members approved as proposed. All attending directors approved as proposed.
2025.8.12
5th Term, 9th Meeting of the Audit Committee
  • CSRC's consolidated financial statements for the second quarter of 2024 is hereby submitted for review.
  • Adjust the endorsement and guarantee for financing related to affiliated enterprises.
 All attending committee members approved as proposed. All attending directors approved as proposed.