Audit Committee

To review the Company’s financial reporting process to ensure that it is accurate and adequate.

To review the Company’s internal control system and internal audit system to ensure that they are suitable and efficient, to determine internal audit’s independence, as well as to approve the appointment, transfer and dismissal of internal audit team.

To review the Company’s compliance with the law on securities and exchange, the Exchange’s regulations, and the laws relating to the Company’s business.

To consider, select and nominate an independent person to be the Company’s auditor, and to propose such person’s remuneration, as well as to attend a non-management meeting with the auditor at least once a year.

To review the Connected Transactions, or the transactions that may lead to conflicts of interests, to ensure that they are in compliance with the laws and the Exchange’s regulations and are reasonable and for the highest benefit of the Company.

To prepare and to disclose in the Company’s annual report, an audit committee’s report which must be signed by the audit committee’s chairman and consisting of the following information:

• An opinion on the accuracy, completeness and creditability of the Company’s financial report.
• An opinion on the adequacy of the Company’s internal control system.
• An opinion on the compliance with the law on securities and exchange, the Exchange’s regulations, or the laws relating to the Company’s business.
• An opinion on the suitability of an auditor.
• An opinion on the transactions that may lead to conflicts of interests.
• The number of the audit committee meetings and the attendance of such meetings by each committee member.
• An opinion or overview comment received by the audit committee from its performance of duties in accordance with the charter.
• Other transactions which should be known to the shareholders and general investors.

To perform any other act as assigned by the Company’s board of directors, with the approval of the audit committee.