The Compensation Committee is established to assist the Board of Directors in implementing and evaluating the Company’s overall compensation and benefits policies, as well as the remuneration of directors and managers. Members of the Committee are appointed by resolution of the Board of Directors, and the Committee shall consist of no fewer than three members. At least one independent director shall participate, and the convener and chairperson of the meetings shall be elected from among the independent directors.

The Company’s Compensation Committee is composed of all three independent directors and convenes at least twice a year. The Committee shall perform its duties with the care of a good administrator and faithfully exercise the following powers, with its recommendations submitted to the Board of Directors for discussion. However, proposals regarding directors’ compensation may only be submitted to the Board of Directors for discussion where such compensation has been stipulated in the Articles of Incorporation or where the Board has been authorized by resolutions of the shareholders’ meeting.

Establish and periodically (at least once a year) review the policies, systems, standards, and structures for the performance evaluation and compensation of directors and managerial officers.

The performance evaluation and compensation of directors and managerial officers shall take into consideration the compensation levels generally adopted by peer companies, the time and responsibilities devoted by individuals, the achievement of personal objectives, performance in other roles, the compensation granted by the Company to individuals in equivalent positions in recent years, as well as the correlation and reasonableness between individual performance, the Company’s short- and long-term business objectives, financial condition, and future risks.

In 2024 (Year 113 of the ROC calendar), the Company’s Compensation Committee achieved an “Excellent” rating in its performance assessment.