The Audit Committee

Focus of the work of the Audit Committee

1. Financial reporting
2. Establish or amend internal control systems and evaluate their effectiveness
3. Establish or amend procedures for handling major financial business activities
4. Matters involving directors’ own interests
5. Major assets or derivatives transactions
6. Significant capital loans, endorsements or guarantees
7. Raising, issuing or privately placing securities of an equity nature
8. Appointment, dismissal or remuneration of certified accountants and review of independence and competency
9. Appointment and removal of finance, accounting or internal audit managers

Operations of the Audit Committee in 2023

1. The company established an audit committee on 2020/6/22 to replace the supervisory authority. It is composed of all independent directors. There are three committee members, one of whom is the convener, and at least one of them should have accounting or financial expertise.

2. Second Audit Committee: 3 people. (Term: May 29, 2023 to May 28, 2026)

3. The number of audit committee meetings in the most recent (2023) years: 7 (A), and attendance is as follows:

Focus of the work of the Audit Committee

job title	Name	Professional qualifications and experience	Actual attendance (B)	Number of delegated attendances	Actual attendance rate (%) (B/A)	Remark
Convener/ Independent Director	Chen Yi-Ren	Kun Shan University Graduate School of Business Administration Adjunct Assistant Professor	6	1	86%
Independent Director	Jang Wen-Jiun	Southern Taiwan University of Science and Technology. Department of Electronic Engineering. Associate Professor Cirrus Logic, Inc. Independent Director Metanoia Communications INC. Director	3	0	100%	term expires
Independent Director	Tsai Pei-Jiun	Director and Accountant of Huasheng Accounting Firm Cultural Affairs Bureau, Tainan City Government Accounting Office Auditor	7	0	100%
Independent Director	Wang Bing-Chiuan	Consultant of Juxin Co., Ltd. United Fiber Optic Communication Inc. Independent Director D-Link Corporation Chief Legal Officer Taiwan SteelL & Mining Corp Legal Manager	3	1	75%	2023 newly

The Company’s 2023 Audit Committee has made the following resolutions related to the matters listed in Article 14-5 of the Securities and Exchange Act. The Audit Committee has fully communicated with the relevant personnel present on the relevant resolutions. All resolutions have been passed by resolution of all members present, and no There are no objections or reservations to resolutions that have not been approved by the Audit Committee and have been approved by more than two-thirds of all directors.

meeting date	Motion content	Objections, reservations or major suggestions from independent directors	The results of the audit committee’s resolutions and the company’s handling of the audit committee’s opinions
2023.03.13 (The 17th session of the first session)	1. 2022 annual business report and individual financial statements 2. The company’s 2022 loss provision case 3. Issuance of the company’s 2022 “Internal Control System Statement” 4. Revise some articles of the company's "Corporate Governance Code of Practice", "Sustainable Development Code of Practice", "Management Measures for Transactions between Group Enterprises, Specific Companies and Related Parties", "Internal Control System" and "Internal Audit Implementation Rules" 5. Formulate the "Management Measures for Labor and Service Income Transactions" 6. Plan to apply for financing renewal from Antai Bank	None	All members present Adopted without objection ∕ This proposal was submitted to the board of directors for resolution in accordance with the law and was passed without objection by all directors present.
2023.04.17 (The 18th session of the first session)	Revise some provisions of the "Rules of Procedure for Shareholders' Meetings	None	All members present Adopted without objection ∕ This proposal was submitted to the board of directors for resolution in accordance with the law and was passed without objection by all directors present.
2023.05.10 (19th session of the first session)	1. 2023 First quarter financial report case 2. Revise some articles of the company’s “Code of Corporate Governance Practice”	None	All members present Adopted without objection ∕ This proposal was submitted to the board of directors for resolution in accordance with the law and was passed without objection by all directors present.
2023.06.10 (The 1st session of the 2nd term)	Proposal for the Second Issuance of Common Shares in the Private Equity Case of 2022	None	All members present unanimously approved the motion/ This proposal was submitted to the board of directors for resolution in accordance with the law, and was passed without objection by all directors present. This private equity case was issued in July 2023.
2023.08.10 (2nd session of the 2nd session)	1. 2023 Second quarter financial report case 2. The company plans to renew the lease of right-of-use assets from related parties	None	All members present Adopted without objection ∕ This proposal was submitted to the board of directors for resolution in accordance with the law and was passed without objection by all directors present.
2023.11.10 (The 3rd session of the 2nd term)	1. Financial Report for the Third Quarter of 2023 2. Plan to pass the 2024 annual audit plan 3. Formulate "Risk Management Policies and Procedures" 4. Periodic assessment of the independence and competency of certified accountants 5.Accountant audit public expenses in 2023	None	All members present Adopted without objection ∕ This proposal was submitted to the board of directors for resolution in accordance with the law and was passed without objection by all directors present.
2023.11.30 (The 4th session of the 2nd session)	Proposal to subscribe for ordinary shares of Yuansheng International Industrial Co., Ltd. through private placement through cash capital increase and issuance	None	All members present Adopted without objection∕ This proposal was submitted to the board of directors for resolution in accordance with the law, and was passed without objection by all directors present. The case was completed in December 2023.

Operations of the Audit Committee in 2022

1. The company established an audit committee on 2022.6.22 to replace the supervisory authority.
2. The first Audit Committee: 3 people. (Term: June 22, 2022 to June 21, 2023)
3. The number of audit committee meetings in the most recent (2022) years: 7 (A). The attendance of independent directors is as follows:

job title	Name	Professional qualifications and experience	Actual attendance (B)	Number of delegated attendances	Actual attendance rate (%) (B/A)
Convener/ Independent Director	Chen Yi-Ren	Kun Shan University Graduate School of Business Administration Adjunct Assistant Professor	7	0	100%
Independent Director	Jang Wen-Jiun	Southern Taiwan University of Science and Technology. Department of Electronic Engineering. Associate Professor Cirrus Logic, Inc. Independent Director Metanoia Communications INC. Director	7	0	100%
Independent Director	Tsai Pei-Jiun	Director and Accountant of Huasheng Accounting Firm Cultural Affairs Bureau, Tainan City Government Accounting Office Auditor	7	0	100%

The 2022 Audit Committee of the Company has made the following resolutions related to the matters listed in Article 14-5 of the Securities and Exchange Act. The Audit Committee has fully communicated with the relevant personnel present on the relevant resolutions. All resolutions have been passed by resolution of all members present, and no There are no objections or reservations to resolutions that have not been approved by the Audit Committee and have been approved by more than two-thirds of all directors.

meeting date	Motion content	Objections, reservations or major suggestions from independent directors	The results of the audit committee’s resolutions and the company’s handling of the audit committee’s opinions
2022.03.28 (The 11th session of the first session)	1.10 annual business report and individual financial statements 2. The company’s 110-year loss provision case 3. Issuing the company’s 110-year “Internal Control System Statement” 4. Amend some provisions of the company’s “Procedures for Acquiring or Disposing of Assets” 5. Revise part of the copy of the company's "Articles of Association"	None	All members present Passed without objection
2022.05.11 (The 12th session of the first session)	Plan to handle private placement cash capital increase and issuance of common shares	None	All members present Passed without objection
2022.08.10 (The 13th session of the first session)	2022 second quarter financial report case	None	All members present Passed without objection
2022.10.21 (The 14th session of the first session)	It is planned to formulate the price of common shares for private placement and issuance of private placement in 2022. Bank amount, payment period and base date for capital increase	None	All members present Passed without objection
2022.11.10 (The 16th session of the first session)	1. Accountant audit fees for the company’s 2022 years 2. Plan to pass the 2023-year audit plan	None	All members present Passed without objection