An Audit Office has been established under the
Board of Directors, with a chief auditor and three auditors.

Responsibilities and Operations

The appointment or discharge of the chief auditor shall be referred to the Board of Directors for discussion. The appointment, discharge, evaluation, and remuneration of the internal auditors shall be submitted by the chief auditor to the Chairman for approval.

Responsibilities

Compliance with government and legal regulations governing audit activities. Evaluation of the internal control system. Implementation of the internal audit system.

Operations

Amending the implementation rules for internal audit, and submitting such amendment to the Board of Directors for discussion. Preparing an annual audit plan and submitting it to the Board of Directors for discussion. Conducting regular and irregular audits in accordance with the approved annual audit plan. Submitting audit reports and related information for approval and to the Audit Committee for review. The chief auditor attends meetings of the Board of Directors to give reports on the implementation of internal audit activities. The independent directors hold separate communication meetings with the chief internal auditor at least twice each year.

Statement of Internal Control System

2024 Statement of Internal Control System