Organization and Responsibilities of the Audit Committee

The Audit Committee is composed of all independent directors. There are four members in the 2nd term Audit Committee. Mr. Kung-Wha, Ding is the convener an chairman. The main function of the Audit Committee is to supervise the following matters:
1. Fair presentation of the financial reports of this Corporation.
2. The hiring (and dismissal), independence, and performance of certificated public accountants of this Corporation.
3. The effective implementation of the internal control system of this Corporation.
4. Compliance with relevant laws and regulations by this Corporation.
5. Management of the existing or potential risks of this Corporation.

Members of the Audit Committee


Kung-Wha, Ding

Convener & Independent Director

Current In-Service:
Independent Director, Energenesis Biomedical Co., Ltd.
Independent Director, Steminent Biotherapeutics Inc.
Director, Hotung International Co., Ltd.
Director, Hotung Investment Holdings Ltd.

Educational Background / Experience:
Master Degree in Public Finance, National Chengchi University
Deputy Commissioner, Commissioner of the Securities and Futures Commission, Ministry of Finance
Chairperson of the Securities and Futures Institute
Chairperson of Taiwan Depository & Clearing Corporation
Chairperson of Taipei Exchange
Chairperson of the Financial Supervisory Commission

Elaine Kung

Independent Director

Current In-Service:
Group CFO, TNL Media Group
Independent Director, Panram International Corp.
Independent Director, CoAsia Electronics Corp.
Representative of Juristic-Person Director, DaEx Intelligent Co., Inc.
Representative of Juristic-Person Director, Polydice, Inc.
Associate Professor, China Industrial & Commercial Research Institute
Chairman, Media Business Association of Taipei

Educational Background / Experience:
R.O.C., U.S.A. and China CPA
MBA, University of California
Master of Laws, National Chengchi University
Assistant Manager, PricewaterhouseCoopers
President and CFO, Cite Media Holding Group
Director and CEO, Cite Cultural & Arts Foundation

Terry Cheng

Independent Director

Current In-Service:
Chairman, Aurotek Corporation
Independent Director, Howteh Technology Co., Ltd.
Representative of Juristic-Person Director, 3e Yamaichi Electronics Co., Ltd.
Chairman, Taiwan Oiles Industry Co., Ltd.

Educational Background / Experience:
MBA, Santa Clara University
CEO, FIH Mobile Limited, subsidiary of Foxconn Technology Group
Vice President, Foxconn Technology Group
President, Texas Instruments Asia-Pacific
President, HP China

George Chang

Independent Director

Current In-Service:
Vice President & CFO, Taiwan Mobile Co., Ltd.
Director, Yeong Jia Leh Cable TV Co., Ltd.
Director, momo.com Inc.
Director, Globalview CATV Co., Ltd.
Director, Phoenix Cable TV Co., Ltd.
Director, Union Cable TV Co., Ltd.

Educational Background / Experience:
MBA, University of Southern California
CFO, Egis Technology Inc.
Director, FocalTech Systems Co., Ltd.
Executive Vice President, Yuanta Securities Investment Consulting Co.
Director, Citigroup Global Markets Inc.