The company has set up internal audits, the purpose of which is to assist the company to evaluate and improve the effectiveness of risk management, control and governance processes through a systematic and disciplined approach to achieve company goals.
Internal Audit Organization
The company's internal deparment is manned with one auditing chief and some auditing members.
Operation of internal audit organization
The majority of the audit work is executed according to an annual plan, which needs to be approved
by the Board of Directors. Special audits are conducted as needed. Audit Reports shall be submitted
to and reviewed by the Supervisors by the end of the month next following the completion of these
audits. Informing the Board during its ordinary meetings.
Description of Appointment, Removal and Evaluation of Internal Auditors
The appointment, dismissal, evaluation, salary and remuneration of the company’s internal auditors are handled in accordance with the provisions of the "Personnel Management Regulations" and "Employee Appointment Management Measures". The evaluation is carried out twice a year. Reported to the chairman of the board for approval, the aforementioned relevant measures have been disclosed in the company's internal rules and regulations area.
