Audit Committee

Audit Committee Member

Identity	Name	Experience	Current Position in the Company or other Companies
Independent Director (convener)	KUO,CHUNG-CHIEN	Master of Business Administration, Chinese Culture University	Independent Director of I-Chiun Precision Industry Co., Ltd.
		Tatung Institute of Technology (Tatung University)/Department of Business Administration/Bachelor	Director of VOLKSWAGEN/ SKODA.
			Independent Director of U-Tech Media Corporation
			Independent Director of Anbogen Therapeutics, Inc
Independent Director	LEE,JIH-CHIEN	Master of International Business Administration, Chinese Culture University	Independent Director of I-Chiun Precision Industry Co., Ltd.
		PhD in Business Administration, Graduate Institute of International Business Administration, Chinese Culture University	Director of Ming Yuan Enterprise Co., Ltd.
			Director of Mingyuan Enterprise Management Consulting Co., Ltd.
Independent Director	CHANG,HSIEN-SUNG	Dongfang High School of Industry and Commerce	Independent Director of I-Chiun Precision Industry Co., Ltd.
Independent Director	CHANG,HSIEN-SUNG		Chairman of Song Lei Precision Industries Co., Ltd.
Independent Director	HORNG, SHUN-CHING	Doctor of Marketing, Northwestern University, USA	Independent Director of I-Chiun Precision Industry Co., Ltd.
		Master of Business Administration, National Chengchi University	Independent Director of Ritdisplay Corporation
		Bachelor of Statistics, National Chengchi University

Information on the operation of the Audit Committee

A total of nine (A) Audit Committee meetings were held in the last year; independent directors’ attendance records are summarized below: (2024.1.1-2024.12.31)

Position	Name	Attendance in person (B)	Attendance by proxy	Actual attendance (%) (B/A)	Remarks
Independent Director	KUO, CHUNG-CHIEN	8	1	89%	Reelected (2023.5.30)
Independent Director	LEE, JIH-CHIEN	9	1	100%	Reelected (2023.5.30)
Independent Director	CHANG, HSIEN-SUNG	8	1	89%	Reelected (2023.5.30)
Independent Director	HUNG, SHUN-CHING	9	0	100%	Newly elected (2023.5.30)

Other matters required to be recorded:

(I) The circumstances referred to in Article 14-5 of the Securities and Exchange Act:

Audit Committee	Contents of Motion and Follow-up Actions	Resolution
January 26, 2024 (3rd meeting of the 3rd term)	1. The Company applied to Cathay United Bank for credit line extension	The proposal was approved unanimously by all attending members.
	2. The Company’s loan to the investee Advance Venture Corporation
	3. The application of the subsidiary in China, I-Chiun Technology (China) Co., Ltd., for a discounted note line of RMB 10 million from the Industrial and Commercial Bank of China Jiangmen Jianghai Branch
	4. The application of the subsidiary in China, I-Chiun Technology (China) Co., Ltd., for a credit line of RMB 100 million from the Bank of China.
	5. The amendment to the Company’s “Performance Bonus Payout Guidelines of the Group.”
	6. Procurement of fixed assets through purchase of land and buildings
	The Company’s response to the opinions of the Remuneration Committee: N/A
March 5, 2024 (4th meeting of the 3rd term)	1. The Company’s 2023 Business Report and Financial Statements	The proposal was approved unanimously by all attending members.
	2. The 2023 Statement on Internal Control System
	3. Proposal for the 2023 Surplus Distribution
	4. The payment of 2023 cash dividends from earnings
	5. Amendment to the “Regulations Governing the Allocation of Employee Treasury Stocks”
	6. Treasury shares transferred to employees
	7. The application to the Far Eastern International Bank for the extension of the comprehensive borrowing facilities of NT$80 millionn
	8. In addition, the investee I-Chiun Technology (China) Co., Ltd., in which the Company holds 100% of indirect shares, applied to the China Construction Bank, Jiangmen Branch for an aggregate quota of RMB 80 million
	The Company’s response to the opinions of the Remuneration Committee: N/A
April 9, 2024 (5th meeting of the 3rd term)	1. The application for the extension of credit line, the extension of export negotiation lines, and derivative financial product trading limit to Mega International Commercial Bank	The proposal was approved unanimously by all attending members.
	2. The reinvestee, the Company’s indirect 100%-owned subsidiary, I-Chiun Technology (China) Co., Ltd., applied for a credit line from the China Construction Bank, Jiangmen Branch, for which I-Chiun Precision Electric Industry (China) Co., Ltd. served as the joint guarantor
	3. The extension of the Fubon Bank (China) Co., Ltd.’s provision of a credit line of RMB 20 million to I-Chiun Technology (China) Co., Ltd., with the Company providing a promissory note of USD 3.1 million and serving as a joint guarantor for the extension
	4. Evaluation of the independence of the Company’s appointed CPAs for non-audit and review services
	5. Proposal to issue new shares for cash capital increase and the 6th domestic unsecured convertible bonds
	The Company’s response to the opinions of the Remuneration Committee: N/A
May 7, 2024 (6th meeting of the 3rd term)	1. The result of evaluation on independence and competence of the Company’s external auditors.	The proposal was approved unanimously by all attending members.
	2.The appointment and professional fees for the Company’s CPAs for 2024.
	3. The consolidated financial statements for Q1 2024.
	4. Established the “Procedures for Employee Subscription of Shares in Cash Capital Increases”
	5. Approved the extension of short-term financing up to NT$100 million with CTBC Bank Co., Ltd. (original limit: NT$50 million)
	6. Amended the Company's Cybersecurity Management Guidelines
	The Company’s response to the opinions of the Remuneration Committee: N/A
May 30, 2024 (7th meeting of the 3rd term)	1. Established the “Employee Shareholding Trust Committee Charter”	The proposal was approved unanimously by all attending members.
	2. Due to operational needs, the Company applied for an extension of credit lines with financial institutions
	3. Evaluation of the independence of the Company’s appointed CPAs for non-audit and review services
	The Company’s response to the opinions of the Remuneration Committee: N/A
July 10, 2024 (8th meeting of the 3rd term)	1. Acquisition of fixed assets for the purchase of real estate land and buildings	The proposal was approved unanimously by all attending members.
	2. Amendment to the Company's Operational Procedures for Endorsements/Guarantees
	The Company’s response to the opinions of the Remuneration Committee: N/A
August 6, 2024 (9th meeting of the 3rd term)	1. The consolidated financial statements for Q2 2024.	The proposal was approved unanimously by all attending members.
	2. The extension of the Mega International Commercial Bank – Kunshan Branch’s provision of a short-term revolving loan facility of RMB 21 million to I-Chiun Technology (China) Co., Ltd., with the Company serving as a joint guarantor of the facility.
	3. Application for the extension of a short-term loan facility of NT$50 million with Taiwan Cooperative Bank
	4. Application for the extension of a comprehensive credit line of NT$200 million with Hua Nan Commercial Bank
	5. Approved the limit and duration for short-term investment in marketable securities (acquisition or disposal)
	6. Revised the Company’s “Regulations Governing Financial and Business Transactions Between Related Parties”
	The Company’s response to the opinions of the Remuneration Committee: N/A
September 10, 2024 (10th meeting of the 3rd term)	1. Purchase of real estate land	The proposal was approved unanimously by all attending members.
	2. Approval for the Company’s mainland subsidiary, I-Chiun Precision Electric industry (China) Co., Ltd., to provide a non-interest-bearing loan to I-Chiun Technology (China) Co., Ltd.
	The Company’s response to the opinions of the Remuneration Committee: N/A
November 5, 2024 (11th meeting of the 3rd term)	1. The consolidated financial statements for Q3 2024.	The proposal was approved unanimously by all attending members.
	2. Amendment (Version D) to the “Regulations Governing the Allocation of Employee Treasury Shares”
	3. Amendment (Version B) to the “Regulations Governing the Allocation of Employee Stock Warrants”
	4. First amendment to the “Employee Shareholding Trust Committee Charter”
	5. Established the “Regulations for Sustainable Information Management”
	6. The Company’s mainland subsidiary, I-Chiun Technology (China) Co., Ltd., to apply for a loan facility of RMB 10 million from the Agricultural Bank of China, Jiangmen Jianghai Branch
	7. Application for the extension of a comprehensive credit facility of NT$50 million with the Land Bank of Taiwan
	8. The Company’s participation in the cash capital increase of CMTEK Co., Ltd.
	9. Financing for the purchase of land and buildings
	The Company’s response to the opinions of the Remuneration Committee: N/A

(II) In addition to the aforementioned motions, other motions without approval by the Audit Committee but passed by the Board with two-thirds of the Directors: None.
II. Regarding recusals of independent directors from voting due to conflicts of interests, the names of independent directors, details of the relevant agendas, reasons for recusals, and the results of voting: None.
III. Communication between independent directors and internal/external auditors (e.g. discussions concerning the Company’s financial and business affairs, the method of communication used, and the outcome).
1. (1) The Chief Auditor submits audit reports to independent directors on a regular basis.
2. (2) Independent directors can communicate with the Chief Auditor or CPAs at any time if they deem necessary.

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Audit Committee

Audit Committee Member

Information on the operation of the Audit Committee

A total of nine (A) Audit Committee meetings were held in the last year; independent directors’ attendance records are summarized below: (2024.1.1-2024.12.31)

Other matters required to be recorded:

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