Risk Management

The Company’s Board of Directors approved the ”Risk Management Procedure” on May, 2020 as the guideline for risk management of each department. And we has started the coordination of risk management, and each department has carried out risk identification, risk analysis and risk response planning. The Scope of Risk Management including:

● Regulatory change and compliance

● Changes in industry

● Technology development and competition

● Demand and capacity expansion

● Operational Perspective

● Information security

● Intellectual property rights

● External financing

● Hazardous Events, Earthquakes and natural hazards

The Implementation in 2021: The company’s management briefs the Audit Committee and the Board of Directors on May, on the ever-changing risk environment , the focus of the Company’s enterprise risk management, and risk assessment and and risk mitigation actions to be taken.