Investor Relations

The company's internal audit is an independent unit, which is affiliated to the board of directors and is responsible for evaluating the soundness, rationality, and effectiveness of the company's internal control system and various management systems. To achieve the above goals, the internal audit checks  the company's operating procedures and subsidiary supervision and management according to the annual audit plan . In addition to the results of the consolidation audit, it will attend regular (quarterly) or irregular reports of the board of directors’ regular meetings, and occasionally report to the chairman and general manager as necessary.

The company's internal auditing unit shall appoint full-time auditors, and the appointment and removal of the supervisor shall be reported to the board of directors; the assessment of the auditors, salary, etc. shall be approved by the supervisor in charge after signing to the chairman. In addition to meeting the applicable qualifications stipulated by the Financial Management Commission, internal auditors participate in continuing education organized by professional institutions every year in accordance with regulations to ensure their eligibility. The annual audit work is mainly carried out in accordance with the audit plan approved by the board of directors. The audit plan is based on the identified risks, and the project audit or review is performed as necessary to provide management with an understanding of the implementation of the internal control system and the potential Missing.

The audit unit urges the internal units and subsidiaries to check the effectiveness of the internal control system each year, and then the audit unit reviews the self-check list of each unit and subsidiary as the basis for the board of directors and the general manager to issue a statement of the internal control system.

The Company has established a complete information disclosure system that includes important internal regulations of the Company for the investors’ understanding of the Company’s governance system.

The Company’s Board of Directors is composed of five directors, including three independent directors which stand at 60% of the board members. The Company pays attention to the gender balance of the board. The female directors account for 20% of the board 11 members. Implementation of board diversity:

The Company has established its corporate governance system in accordance with the provisions of the Securities Exchange Law of Taiwan and relevant laws and regulations.  The main principles to be followed by corporate governance are protection of shareholders’ rights, reinforcement of the duties of the Board of Directors, respect for the interests of related parties and improvement of information transparency.

The Company implements a fair and open procedure for the selection of its directors.  The Company also has external directors in order to reinforce the management and supervision mechanism of the Board of Directors.  Further, the Company follows the principles of correctness, timeliness and fair disclosure to establish a complete information disclosure system and provide various information related to the business, finance, Board of Directors and Shareholders’ Meetings on the website of the Company as well as on the public information online reporting system of the Securities Exchange Commission in order to ensure that the latest information related to the Company is available to its shareholders.

All members of the Board of Directors of the Company have the obligation to engage in business faithfully and with due care as good administrators and shall exercise their duties with a high level of self-discipline and a prudent attitude.  Among the directors, elected external directors shall exercise their duties in accordance with relevant laws and regulations as well as the provisions of the articles of association of the Company in order to maintain the interests of the Company and the shareholders.  The elected Audit Committee shall also exercise their functions in order to reinforce the risk management and financial and operational control of the Company.  In order to achieve the objective of corporate governance, the main duties of the Board of Directors and Audit Committee of the Company are:

 Board of Directors Membership

Audit Committee

The Audit Committee assists the Board in fulfilling its oversight of the quality and integrity of the accounting, auditing, reporting, and financial control practices of the Company.

The Audit Committee is responsible to review the Company's:

• The effectiveness of company internal control process
• Auditing and accounting policies and procedures
• Potential conflicts of interests involving directors
• Material asset or derivatives transactions
• Material lending funds, endorsements or guarantees
• Offering or issuance of any equity-type securities
• Hiring or dismissal of an attesting CPA, or the compensation given thereto
• Appointment or discharge of financial, accounting, or internal auditing officers
• Financial reports

Audit Committee Membership

Remuneration Committee

The Remuneration Committee assists the board of directors in discharging its of responsibilities related to the performance evaluation of directors and executives, the review of the remuneration and benefit policies, rules, standards and structure, as well as the assessment of the remuneration and benefit for directors and executives.

According to ALi's Remuneration Committee Charter, the members of the Remuneration Committee are appointed by the board of directors and the Remuneration Committee shall consist of no fewer than three members. The Company has elected independent directors as required by Taiwan (R.O.C.) law, and there should be at least one independent director sitting on the Remuneration Committee. The Remuneration Committee meets at least twice a year. Please consult ALi's annual report for the relevant year for the number of meetings convened and each member's attendance rate.

Remuneration Committee Membership