Corporate Governance

Company NameGlobalWafers Co., Ltd.
Stock NameGWC
Stock Code6488
Market TypeOTC-Listed
Industry TypeSemiconductor
Principal ActivitiesResearch, develop and design on semiconductor ingots/wafers
Date of Establishment2011-10-18
Date of Listing2015-09-25
CapitalNT$ 4,781,137,250
ChairpersonDoris Hsu
Principal OfficeNo. 8. Industrial East Road 2. Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C.
Number of Employees
Stock Transfer AgentYuanta Securities Co.,Ltd Registrar & Transfer Agency Dept.
AuditorsKPMG
Bankers.
Legal Advisors.
Tel+886-3-577-2255
Fax+886-3-578-1706 / +886-3-579-0405
EmailGWCIR@sas-globalwafers.com
Websitewww.sas-globalwafers.com

Information on the Selection of Directors

Diversity Policy for the Board Members
The composition of the board of directors has taken diversity into consideration and formulating an appropriate policy on diversity based on the company’s business operations, operating dynamics, and development needs. It is advisable that the policy include the following two general standards:

  1. Basic requirements and values: Gender, age, nationality, and culture
  2. Professional knowledge and skills: A professional background (e.g., law, accounting, industry, finance, marketing, technology), professional skills, and industry experience

All members of the board shall have the knowledge, skills, and experience necessary to perform their duties. To achieve the ideal goal of corporate governance, the board of directors shall possess the following abilities:

  1. Ability to make operational judgment
  2. Ability to perform accounting and financial analysis
  3. Ability to conduct management administration
  4. Ability to conduct crisis management
  5. Knowledge of the industry
  6. An international market perspective
  7. Ability to lead
  8. Ability to make policy decisions
     

The 6th Board of Directors of GlobalWafers is composed of 8 directors, including 4 independent directors. The directors possess extensive academic and professional experience in operations management, technical expertise, business, and finance, equipping them with the necessary knowledge, skills, and competencies to perform their duties.

Among the 8 current directors, 12.5% are employee directors, 50% are independent directors, and 37.5% are female directors. Of the 4 independent directors, 3 have served less than 3 years, and 1 has a tenure of 3 to 6 years.

GlobalWafers emphasizes a diverse industrial experience among board members, aiming for over half of the directors to have experience in the semiconductor industry. Currently, 62.5% of the directors have relevant semiconductor industry experience. Furthermore, GlobalWafers values gender diversity in the composition of the Board, with a target of at least one female director. Presently, there are three female directors, accounting for 37.5%, meeting the requirement that each gender represents at least one-third of the Board’s seats.

Hsiu-Lan Hsu
Chairperson & CEO

Ms. Hsiu-Lan Hsu obtained her master degree in Computer Science from University of Illinois, the U.S. She served as Sales Assistant President, Vice President, and President of Sino-American Silicon; since Globalwafers was spinned off from SAS, Ms. Hsu has served as the chairperson of Globalwafers; currently she also serves as the Chairperson of SAS concurrently. Ms. Hsu has worked in the semiconductor industry for more the three decades. As an executive, she has involved in commerce, legal affairs, finance, and accounting fields required for the Company’s operation, with abundant experience, as well as the expertise and abilities required for the Company’s operation.

Ming-Kuang Lu
Director Sino-American Silicon Products Inc. Representative

Mr. Lu is an honorary Doctor of Engineering from National Yang Ming Chiao Tung University, an Honorary Doctor of Engineering from Tatung University, and an academician of ITRI. Mr. Lu has served as the President of Lite-On SemiconductorCorp. and Lite-On Power Semi, the chairman of Sino-American Silicon, and the chairman of Actron Technology Corporation. He is currently the honorary chairman of Sino-American Silicon and Actron Technology Corporation.

Mr. Lu has worked in the semiconductor industry for more the four decades. He had frequently outperformed in terms of corroborate management, with excellent management ability, unique forward-looking vision, commercial negotiation skills, and deep knowledge of finance and accounting, with sufficient intelligence and expertise required for the Company’s operation.

Tang-Liang Yao
Director Sino-American Silicon Products Inc. Representative

Mr. Yao obtained a master’s degree from Tamkang University Graduate School of Management and has served as President of Sino-American Silicon, associate director of Lite-On Power Semi, and Vice Chairperson of Crystalwise Technology Inc. He is currently the Chairperson of Sino-American Silicon and Actron Technology Corporation.
Mr. Yao has spent 40 years in the industry, with rich knowledge about production, manufacturing, and management. The multiple-year experience as an executive enables Mr. Yao to be very familiar about the operation and management of a company, with abundant cross-discipline corporate experience, to furnish unique insights and advice depending on different macroeconomic and industrial scenarios.

Kuo-Chow Chen
Director

Mr. Kuo-Chow Chen graduated from Nanying Commerce and Industry, and served as Chairman of Nanhai Optoelectronics Technology Co., Ltd. and Director of Sanxin Commercial Bank.
Mr. Kuo-Chow Chen is very familiar with the capital market and financial system, and he is also sensitive to the industry. He can provide instant views and insights on the Company’s operation direction and strategy, and provides adjustment directions and suggestions.

Ming-Ren Yu
Independent Director / Chair of the Audit Committee / Chair of the Remuneration Committee / Chair of the Nomination Committee

Mr. Yu obtained a master’s degree in business administration from New York  University, and has served as Vice President of JPMorgan Chase Bank, chief financial  officer and President of the Backlight Module Business Team of Coretronic Corporation, executive vice president of Yuanta Securities, senior vice president and executive director of FIH Mobile Limited, and Chief Financial Officer of Elite Material Co., Ltd.
Mr. Yu has worked both in the banking and industry, and thus obtained broad finance knowledge and rich practical operations in the industry. Mr. Yu’s expertise, knowledge, and finance specialty are essential to the fast-growing GlobalWafers.

Ta-Hsien Lo
Independent Director / Member of the Audit Committee / Member of the Remuneration Committee / Member of the Nomination Committee

Mr. Lo obtained a PhD from the Institute of Management of Technology, and served as CEO of ITRI College and Vice President of Guan Chen Electronics Co., Ltd. He also served as an adjunct professor at National Tsing Hua University, National Yang-Ming Chiao Tung University. and Feng Chia University. Mr. Lo also served as the chairman/secretary-general of the Chinese Society for Management of Technology and the chief reviewer of the University Responsibility Plan of the Ministry of Education.
Mr. Lo is highly respected in the academic and educational communities. Given GlobalWafers’ rapid growth trajectory, Mr. Lo’s extensive knowledge in the technology industry and management will provide the company’s team with constructive support and advice, which will be of great benefit to GlobalWafers. 

Chung-Fern Wu
Independent Director / Member of the Audit Committee / Member of the Remuneration Committee / Member of the Nomination Committee

Ms. Chung-Fern Wu holds a Ph.D. in Accounting and Information Systems from the University of California, Los Angeles (UCLA). She served as a faculty member in the Department of Accounting at National Taiwan University for over 25 years. Her extensive professional experience includes roles such as Commissioner of the Financial Supervisory Commission (FSC), Standing Supervisor of Taiwan Cooperative Bank, Director of Taiwan Cooperative Financial Holding, Public Director of the Taiwan Stock Exchange, and Public Director of the Taipei Exchange. Additionally, she has served as an independent director for numerous companies, including Chunghwa Telecom, Taiwan Eternal Chemical, Chunghwa Precision Test Tech, Kinpo Electronics, and Taiwan Sugar Corporation.

Ms. Wu has a distinguished career spanning industry, government, and academia, with deep expertise in financial and securities regulations, information technology, and accounting analysis. Her extensive knowledge and cross-disciplinary experience contribute significantly to enhancing the operational and financial robustness of GlobalWafers.

Tzu-Hsuan Tsai
Independent Director / Member of the Audit Committee / Member of the Remuneration Committee / Member of the Nomination Committee

Ms. Tzu-Hsuan Tsai holds a Ph.D. in Chemical Engineering from National Taiwan University and is currently the Director of the Graduate Institute of Resources Engineering and an Associate Professor in the Department of Materials and Resources Engineering at National Taipei University of Technology.

Ms. Tsai’s research areas include electrochemical engineering, semiconductor processes, corrosion engineering, optoelectronic device fabrication, and energy technology. Her expertise significantly contributes to the company’s research and development efforts as well as its technological advancements.

The implementation of diversity by board members is illustrated as follows

Diversified Core ItemsGenderAgeConcurrently serving as the Company ’s
employee		Seniority as an
independent
director		Operational Judgment AbilityAccounting and Financial Analysis AbilityBusiness Management AbilityAbility to conduct crisis managementIndustrial KnowledgeIndustrial technologyInternational Market PerspectiveLeadership AbilityDecision-making AbilityProfessor in colleges
41-50 years old51-60 years old61-70 years old71-80 years oldWithin 3 years3-6 years
Name of Directors
Hsiu-Lan HsuFemale✓✓✓✓✓✓✓✓✓✓✓
Sino-American Silicon Products
Inc. Representative:
Ming-Kuang Lu		Male✓✓✓✓✓✓✓✓✓✓
Sino-American Silicon Products
Inc. Representative:
Tang-Liang Yao		Male✓✓✓✓✓✓✓✓✓✓
Kuo-Chow Chen Male✓✓✓✓✓✓✓✓✓
Ming-Ren Yu
(Independent Director)		Male✓✓✓✓✓✓✓✓✓✓
Ta-Hsien Lo
(Independent Director) 		Male✓✓✓✓✓✓✓✓✓✓✓✓
Chung-Fern Wu
(Independent Director) 		Female✓✓✓✓✓✓✓✓✓✓✓
Tzu-Hsuan Tsai
(Independent Director)		Female✓✓✓✓✓✓✓✓✓✓✓✓

Board of Directors

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Standard Operating Procedures for Handling Requests from Directors

Performance Evaluation of Board of Directors (Chinese version)

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Evaluation of CPA Independence (Chinese version)

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Audit Committee

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  • Audit Committee

The Audit Committee helps to supervise the following items:

  1. Appropriate description of the financial report of the company
  2. New appointment, conge, qualification, independence and credit of CPA
  3. Effective implementation of the internal control
  4. Abidance of relevant laws and regulations
  5. Existing and potential risks management
  • Committee list
PositionName
Independent directorMing-Ren Yu (Chair)
Independent directorTa-Hsien Lo
Independent directorChung-Fern Wu
Independent directorTzu-Hsuan Tsai

Communication among Internal and External Auditors

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Remuneration Committee

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  • Remuneration Committee

The Remuneration Committee helps the Board to execute and evaluate overall remuneration and welfare policies, as well as remunerations of directors and managers.
Four independent directors constitute Remuneration Committee and convene at least two meetings a year. 

  • Committee list
PositionName
Independent directorMing-Ren Yu (Chair)
Independent directorTa-Hsien Lo
Independent directorChung-Fern Wu
Independent directorTzu-Hsuan Tsai

Nomination Committee

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  • Nomination Committee

With authorization from the board of directors (below, “the board”), the Nomination Committee  shall consist of five directors elected by the board, which more than half of whom shall be independent directors, and exercise the due care of a good administrator to faithfully perform the following duties and shall submit its proposals to the board for discussion:

  1. Finding, evaluating and nominating candidates for directors and senior executives based on standards of independence and a diversified background covering the expertise, skills, experience, gender, etc.
  2. Establishing and developing the organizational structure of the board and each committee, and evaluating the performance of the board, each committee and each director as well as the independence of the independent directors.
  3. Establishing and reviewing programs for director continuing education and the succession plans of directors and senior executives.
  4. Executing other resolutions that the board assigns.

    Chairperson , Hsiu-lan Hsu, is the convenor of the Nomination Committee and has expertise in management, mergers and acquisitions, and corporate governance. As the result, she is in line with the professional capabilities required by the Committee.

  • Committee list
PositionName
Independent directorMing-Ren Yu (Chair)
ChairpersonHsiu-lan Hsu
Independent directorTa-Hsien Lo
Independent directorChung-Fern Wu
Independent directorTzu-Hsuan Tsai

Sustainability Development Committee

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  • Sustainability Development Committee

GlobalWafers has established the Sustainability Development Committee in June 2017 as the highest-level sustainable development decision-making center within the Company. The committee is responsible for coordinating and comprehensively managing all aspects of the Company’s development directions and goal formulation related to ESG (environmental, social, and governance), aiming to pursue sustainable development and fulfill corporate social responsibilities.

The Sustainability Development Committee is chaired by the Chairperson, with the Chief Officer of Finance serving as the Director General. The committee is further divided into five sub-committees based on functional areas: Sustainable Operations Sub-committee, Green Manufacturing Sub-committee, Sustainable Supply Chain Sub-committee, Social and Corporate Care Sub-committee, and Corporate Governance and Risk Management Sub-committee. Each sub-committee comprises department heads who are responsible for formulating strategies and management policies to ensure the full integration of sustainability strategies into the Company’s daily operations. Additionally, the committee has established a Sustainability Task Force to serve as a cross-departmental communication platform for vertical integration and horizontal coordination. Regular working meetings are held, and task forces are formed as needed for specific ESG projects to facilitate cross-departmental integration and execution. The committee continuously tracks implementation performance and drives improvement. An annual meeting of all members is convened to review the achievement of the previous year’s goals and evaluate the setting of short-, medium-, and long-term goals.

The Sustainability Development Committee conducts an annual materiality analysis based on the principle of materiality. This process considers the unique characteristics of the industry, referencing the latest GRI Standards, Sustainability Accounting Standards Board (SASB) guidelines, as well as domestic and international sustainability-related standards and ESG evaluation indicators. The committee also engages with internal and external stakeholders through communication and impact surveys to identify and evaluate significant sustainability issues relevant to the Company’s operations and stakeholder concerns. Management strategies are then developed to mitigate associated risks.

The Sustainability Development Committee is supervised by the Board of Directors. The Chairperson reports to the Board annually on the implementation of sustainability initiatives, goal setting, and performance achievements. Additionally, the committee provides quarterly reports on key performance indicators and data related to environmental and climate issues to the Board of Directors. For FY2024, the most recent reporting date was November 5, 2024. The Board of Directors oversees the goal-setting and implementation of sustainability initiatives and provides advice and guidance based on the committee’s reports.

Company Policies

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Financial Policies

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GWC follows Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Companies, by which to
  • protect shareholders’ rights and interests;
  • strengthen the powers of the board of directors;
  • fulfill the function of audit committee;
  • respect stakeholders’ rights and interests; and
  • enhance information transparency.
Based on Regulations for the Establishment of Internal Control Systems by Public Companies, GWC takes into consideration the overall operational activities of itself and its subsidiaries in establishing an effective internal control system, and review it at all times, in order to keep up with the dynamics of environment inside and outside the company and ensure that the design and enforcement of the system remain effective.
The board of directors and the management shall review the result of the self-inspection of each department and the report of the internal audit department at least annually. Members of the audit committee shall also pay attention to and exercise oversight of this matter.
GWC executives pay special attention to the internal audit department and its personnel, fully empower them and urge them to conduct audits effectively, evaluate problems of the internal control system and assess the efficiency of operations to ensure that such a system can be carried out effectively on a continuous basis and can assist the board of directors and the management to perform their duties effectively so as to ensure a sound corporate governance system.


1. Board of Directors
The number of the board members has been properly determined by reviewing the scale of corporate management and operation and the shareholding of the major shareholders and taking into consideration of the practical needs for operation. While installing independent directors, it shall take into account the reasonable professional composition of the directors and the objective requirements for their duties independently. Clear distinctions have been drawn between the responsibilities and duties of the chairman of the board and those of the president. Positions have been fulfilled by different executives.

2. Audit Committee
GlobalWafers has set up the audit committee. members of the audit committee can communicate with GlobalWafers’ employees, shareholder and related person through the board meeting, shareholder meeting and audit reports, among other channels.

Chief Corporate Governance Officer

In order to protect the rights and interests of shareholders and strengthen the functions of the board of directors, GlobalWafers resolved at the Board meeting on May 7, 2019 that Director Ming-Huei Chien of Financial Department, should hold the position as the Company’s Corporate Governance Officer (currently the Company’s Vice President of finance). Mr. Chien has the experience in the management of finance, shareholders’ service and parliamentary procedures for TWSE/TPEx-listed companies for more than three years.

Change in Corporate Governance Officer 

Due to job adjustment, the Company’s board of directors approved the “Change of Corporate Governance Officer ” on December 12, 2023, and Ms. Yu-Ru Chen, Manager of the President’s Office, took over as the corporate governance manager. Ms. Chen has more than three
years of experience in financial and stock affairs management positions in publicly listed companies, and does not concurrently hold any other positions in the company or other companies.  

Corporate Governance Officer is responsible for leading and supervising the President’s Office to process corporate governance-related affairs and provide directors with support. The scope of duties includes:

1. Handling matters related to meetings of the Board of Directors and shareholders’ meetings in accordance with the law. 

2. Producing minutes of the board of directors and shareholders’ meetings. 

3. To assist the Directors in their appointment and ongoing education. 

4. Providing the information required by the directors to carry out their business. 

5. To assist directors in complying with the ordinance. 

6. To report to the board of directors the results of its inspection on whether the qualifications of independent directors comply with relevant laws and regulations at the time of nomination, election and term of office.

7. Handle matters related to the change of directors.

8. Other matters as stipulated in the Articles of Incorporation of the company.

Status of Continue Education Implementation by Chief Corporate Governance Officer

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Sustainable Development Best Practice Principles :
Status of Promotion of Sustainable Development

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Ethical Corporate Management Best Practice Principles :
Status of Ethical Corporate Management Implementation

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Statues of Other Corporate Governance Implementation

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Shareholder Meeting Resolutions

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Rules and Procedures of Shareholders’ Meeting

  • Article 1
    Unless otherwise provided for in applicable laws and regulation, Shareholders’ Meeting of the Company (the “Meeting”) shall be conducted in accordance with these Rules and Procedures.

  • Article 2
    The votes at a shareholders’ meeting may be exercised in either written or electronic format in accordance with the Company Law and related regulations. Shareholders (hereinafter referred to as the representative or proxy appointed by shareholders) who attend the Meeting shall hand in an attendance card at the meeting in lieu of signing in and shall be regarded as the ones(shareholders or deputy persons) who attend the Meeting in person. The Company will not take the responsibility of identification.

  • Article 3
    The attendance and voting shall be calculated in accordance with the shares.

  • Article 4
    The Meeting shall be held at the head office of the Company or at any other appropriate place that is convenient for the shareholders to attend. The time to start the Meeting shall not be earlier than 9:00 a.m. or later than 3:00 p.m.

  • Article 5
    The Meeting shall be convened by the Board of Directors (“BOD”) and the Chairperson of BOD shall be the Chairperson presiding at the Meeting. If the Chairperson of BOD cannot preside at the Meeting for any reason, the Vice Chairperson of BOD shall preside at the Meeting. If the Company does not have Vice Chairperson of the BOD or the Vice Chairperson of the BOD cannot fulfill his/her duty for any reason, the Chairperson of the BOD shall appoint a deputy person. If the Chairperson of BOD does not appoint a deputy person, the Directors shall elect one Director as the deputy person. If the Meeting is convened by any other person entitled to convene the Meeting, such person shall be the Chairperson to preside at the Meeting.

  • Article 6
    The Company may appoint designated counsel, CPA or other related persons to attend the Meeting. Persons handling affairs of the Meeting shall wear identification cards or badges.

  • Article 7
    The process of the Meeting shall be tape recorded or videotaped and these tapes shall be preserved for at least one year.
  • Article 8

    Chairperson shall call the Meeting to order at the time scheduled for the Meeting. If the number of shares represented by the shareholders present at the Meeting has not yet constituted the quorum at the time scheduled for the Meeting, the Chairperson may postpone the time for the Meeting. The postponements shall be limited to two times at the most and Meeting shall not be postponed for longer than one hour in the aggregate. If after two postponements no quorum can yet be constituted but the shareholders present at the Meeting represent more than one-third of the total outstanding shares, tentative resolutions may be made in accordance with Paragraph 1 of Article 175 of the Company Law. If the quorum is constituted during the process of the Meeting, the Chairperson may submit the aforesaid tentative resolution to the Meeting for approval in accordance with Article 174 of the Company law.

  • Article 9
    The agenda of the Meeting shall be set by the Board of Directors if the Meeting is convened by the Board of Directors. Unless otherwise resolved at the Meeting, the Meeting shall proceed in accordance with the agenda. The provision above applies mutatis mutandis to cases where the Meeting is convened by any person, other than the Board of Directors, entitled to convene such Meeting. Unless otherwise resolved at the Meeting, the Chairperson cannot announce adjournment of the Meeting before all the discussion items (including special motions) listed in the agenda are resolved. The shareholders cannot designate any other person as Chairperson and continue the Meeting in the same or other place after the Meeting is adjourned. However, in the event that the Chairperson adjourns the Meeting in violation of these Rules and Procedures, the shareholders may designate, by a majority of votes represented by shareholders attending the Meeting, one person as Chairperson to continue the Meeting.

  • Article 10
    When a shareholder (or deputy person) presents at the Meeting wishes to speak, a Speech Note should be filled out with summary of the speech, the shareholder’s number (or the number of Attendance Card) and the name of the shareholder. The sequence of speeches by shareholders should be decided by the Chairperson. If any shareholder (or deputy person) present at the Meeting submits a Speech Note but does not speak, no speech should be deemed to have been made by such shareholder. In case the contents of the speech of a shareholder are inconsistent with the contents of the Speech Note, the contents of actual speech shall prevail. Unless otherwise permitted by the Chairperson and the shareholder in speaking, no shareholder shall interrupt the speeches of the other shareholders; otherwise the Chairperson shall stop such interruption.

  • Article 11
    Unless otherwise permitted by the Chairperson, each shareholder shall not, for each discussion item, speak more than two times (each time not exceeding 5 minutes). In case the speech of any shareholder violates the above provision or exceeds the scope of the discussion item, the Chairperson may stop the speech of such shareholder.

  • Article 12
    Any legal entity designated as proxy by a shareholder(s) to be present at the Meeting may appoint only one representative to attend the Meeting. If a corporate shareholder designates two or more representatives to attend the Meeting, only one representative can speak for each discussion item.

  • Article 13
    After the speech of a shareholder, the Chairperson may respond himself/herself or appoint an appropriate person to respond.

  • Article 14
    The Chairperson may announce to end the discussion of any resolution and go into voting if the Chairperson deems it appropriate.

  • Article 15
    Except otherwise specified in the Company Law, a resolution shall be adopted by a majority of the votes represented by the shareholders present at the Meeting. If no objection is voiced after solicitation by the Chairperson, the resolution shall be deemed adopted and shall have the same effect as if it was voted. The person(s) to check and the person(s) to record the ballots during a vote shall be appointed by the Chairperson. The person(s) checking the ballots shall be a shareholder. The result of voting shall be announced at the Meeting and placed on record.

  • Article 16
    During the Meeting, the Chairperson may, at his discretion, set time for intermission.

  • Article 17
    Except otherwise specified in the Article of Incorporation of the Company, a resolution shall be adopted by a majority of the votes represented by the shareholders present at the Meeting.

  • Article 18
    If there is amendment to or substitute for a discussion item, the Chairperson shall decide the sequence of voting for such discussion item, the amendment or the substitute. If any one of them has been adopted, the others shall be deemed vetoed and no further voting is necessary.

  • Article 19
    The Chairperson may conduct the disciplinary officers (or the security guard)to assist in keeping order of the Meeting place. Such disciplinary officers (or security guards) shall wear badges marked “Disciplinary Officers” for identification purpose.

  • Article 20
    Matters not covered by these rules shall be handled in accordance with the provisions of the law.

  • Article 21
    These Rules and Procedures shall be effective from the date it is approved by the Shareholders’ Meeting. The same applies in case of revision.

  • Article 22
    The Rules and Procedures were enacted on June 27, 2012.

The Purpose of Internal Audit

The purpose of Internal Audit is to assist the Board of Directors and top management to enhance the effectiveness and efficiency of the company’s operations, to assure the company’s profit, performance, and property, to compliance with applicable laws and regulations, by providing timely suggestions to assure the effective execution of internal control system.

Internal Audit Organization

Internal Audit is under the board of directors. Any appointment or discharge of internal audit manager shall be approved by the Board of Directors. The appointment, removal, salary, remuneration, evaluation, reward and punishment of internal auditors shall be signed by the audit director and approved by the Chairperson of the Board in accordance with the provisions of the Company’s “Delegation of Authority”. There is one audit supervisor in the current configuration as well as several auditors.

Internal Audit Implementation

Internal auditors shall formulate annual audit plans based on the results of the risk assessment, including matters to be audited monthly, by which to check its internal control systems, and compile audit reports with annexing working papers and relevant materials. Annual internal audit plan and any amendment shall be approved by the Board of Directors. Independent directors have been set up in the Company. Annual audit plan shall be submitted to Board of Directors in accordance with the rules and opinions of each

independent director shall be given full consideration. Regularly audit in accordance with internal auditing schedule, and make auditing reports after each audit to be attached with relevant documents, and present shortcomings and improvement recommendations and continue to track improvement actions.
Internal auditors shall faithfully disclose in audit reports any defects and irregularities of the internal control systems discovered in inspection and, after having presented the reports, follow up on the matters and prepare follow-up reports on a regular basis to ensure that the relevant departments have taken appropriate corrective measures in a timely manner.
Internal auditors shall be detached, independent, objective, and impartial, in faithfully performing their duties, and in addition to reporting their audit operations to each supervisor on a regular basis, the internal audit officer shall also attend and deliver a report to a Board of Directors’ meeting.
The company and its subsidiaries shall prescribe the content of and procedures for self-audits and assessments of the internal control system, which is conducted at least once every year. Annual self-inspections of its internal control systems shall be first conducted periodically by all internal departments and subsidiaries themselves and reports shall be reviewed by internal auditors.
Corrections of any defects and irregularities of the internal control system discovered shall be the guidance for Board of Directors and President to evaluate the effectiveness and announce Internal Control System Statement. Self-inspections report and relevant materials shall be kept at least five years.
The Company shall announce the following matters in the prescribed format via the internet-based information system before the deadline designated by Financial Supervisory Commission.
  1. Next year’s audit plan by the end of each fiscal year shall be submitted before the end of each fiscal year.
  2. Previous year’s internal auditor’s basic information together with their training hours received shall be submitted within one month from the end of each fiscal year
  3. The execution of previous year’s annual audit plan shall be submitted within two months from the end of each fiscal year
  4. Previous year’s Internal Control System Statement shall be submitted within four months from the end of each fiscal year
  5. Corrections of previous year’s any defects and irregularities of the internal control system discovered shall be submitted within four months from the end of each fiscal year

Q: When was GWC established and when were GWC shares listed?

A: Date of establishing: 2011-10-18
Data of listing: 2015-09-25

A: The information is available at the Financial Releases section

Q: What is the GWC stock code on the GreTai Securities Market?

A: GWC’s stock is coded 6488.

Q: What is the number of GWC’s outstanding shares?

A: The information is available at the http://mops.twse.com.tw/

Q: What is GWC’s historical dividend pay out?
A: The information is available at the Shareholder Services section
Q: Where can you find GWC historical stock price information?

A: For more stock price information, please visit http://www.tpex.org.tw/web/ or the Stock Quote section

Q: What is status of GWC’s shareholders?

A: The information is available at http://mops.twse.com.tw/