Organization and Responsibilities of the Risk Management Committee

The Risk Management Committee of WT Microelectronics is a functional committee under the Board of Directors, with five members. The risk management committee members is composed of three Independent Directors, Chairman of the Board and the Chief Financial Officer. Independent Director Mr. Terry Cheng is the convener and chairman.

The convener and Independent Director, Mr. Terry Cheng possesses experience in managing international companies and has been working in the semiconductors industry for over 40 years, has the adaptability of supply chain risk management and operational risk management and is a professional manager with extensive experience in the electronics industry. Independent Director, Mr. Kung-Wha, Ding, has served as Chairperson of the Financial Supervisory Commission, Chairman of Taipei Exchange and Chairman of Taiwan Depository & Clearing Corporation. He has expertise in securities management, finance and corporate governance and possess the management ability of financial risk and legal compliance risk. Independent Director, Ms. Elaine Kung, has professional qualification as accountants in the Republic of China, the United States and the People’s Republic of China and is expert in finance and tax planning and possess the ability of accounting and to manage financial and taxation information risk. Chairman of the Board and the founder of the Company, Mr. Eric Cheng, possesses the leadership for an international company and has knowledge related to the development of the semiconductor industry and knowledge of component industry, and crisis response and management capabilities for strategic and operational risks. Chief Financial Officer, Ms. Cheryl Yang, has professional finance and accounting manager qualifications for more than ten years and possess the capability to supervise and manage the financial and accounting risk management of the Company and its subsidiaries. Accordingly, all members conform to the professional competence of risk management required by the Committee.

The main functions of the Risk Management Committee are the following matters:

1.Review risk management policy.
2.Review the appropriateness of the risk management framework.
3.Review major risk management strategies including risk tolerance.
4.Review management report of major risk issues and supervise the improvement mechanism.
5.Report the implementation of risk management to the Board of Directors regularly.

Members of the Risk Management Committee

Terry Cheng

Convener & 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

Kung-Wha Ding

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

Eric Cheng


Current In-Service:
Founder and Chairman, WT Microelectronics Co., Ltd.
Chairman, NuVision Technology Inc.
Chairman, Morrihan International Corp.
Chairman, Techmosa International Incorporation
Chairman, Maxtek Technology Co., Ltd.

Educational Background / Experience:
Department of Industrial Engineering, Tunghai University
Founder and Chairman, WT Microelectronics Co., Ltd.

Hsing-Yu, Yang

Chief Financial Officer

Current In-Service:
Vice President and Chief Accountant,WT Microelectronics Co., Ltd.
Supervisor, Nuvision
Technology Inc.
Supervisor, WT Technology Korea Co., Ltd.
Supervisor, Wonchang
Semiconductor Co., Ltd.
Supervisor, Analog World Co., Ltd.

Educational Background / Experience:
Master of Accounting, Soochow
Vice President and Chief Accountant,
WT Microelectronics Co., Ltd.

Operation of the Risk Management Committee in 2022