Audit Committee

Professional qualifications and experience of committee members

Responsibilities

COSMO ELECTRONICS established an Audit Committee on July 20, 2021, consisting of all independent directors, with the following main responsibilities:

1. Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
2. Evaluation of the effectiveness of the internal control system.
3. Establish or amend procedures for handling significant financial transactions involving the acquisition or disposal of assets, derivative transactions, lending of funds to others, or endorsement or guarantee for others in accordance with Article 36-1 of the Securities and Exchange Act.
4. Matters involving the directors’ own interests.
5. Significant asset or derivative transactions.
6. Significant loaning funds to others, endorsements and guarantees.
7. The raising, issuance or private placement of securities of an equity nature.
8. The appointment, termination or compensation of CPAs.
9. Appointment or removal of financial, accounting or internal audit officers.
10. The annual financial statement signed or sealed by the Chairperson, managerial personnel and accounting officers, and the financial statement for the second quarter that is subject to audit and certification by the CPA.
11. Other significant matters as required by the Company or the competent authorities.

2024 Operation of the Audit Committee

There are 3 members of the Audit Committee of the Company.
The tenure of the first term of members: From June 26, 2024 to June 25, 2027,
The Audit Committee held 5 meetings in 2024. The attendance of members is as follows:

The content of the proposal is excerpted below: