Audit Committee

The Company established the "Audit Committee" on June 26, 2018 to perform functions of supervisors. The members of the Audit Committee are the independent directors. It convenes for reguar meeting at least once a quarter. The purpose of the Audit Committee is to help the Board of directors to establish or amend corporate internal control mechanism and important processing procedures, including the matters of conflicts of interest related to the directors, major capital transaction, lending of capital, endorsements and guarantees, public offering, issuance, or private placement of equity-type securities, appointment/dismissal or compensation of the CPA, removal of the Finance&Accounting or chief internal auditor, and annual and half-yearly financial reports. The Audit Committee held two meetings in 2018. The review mainly includes the annual and half-year financial reports and other major regulations of the competent authorities.