Audit Committee

The responsibilities of the Audit Committee are as follows:

1. Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.

2. Assessment of the effectiveness of the internal control system.

3. Formulate or amend the procedures for handling significant financial and business activities, such as acquiring or disposing of assets, engagement in derivatives trading, loans to others, endorsement or guarantees for others, in accordance with Article 36-1 of the Securities and Exchange Act.

4. Matters involving directors' own interests.

5. Significant asset or derivative transactions.

6. Significant loans to others, endorsements, or guarantees.

7. Offering, issuing, or private placement of securities with an equity nature.

8. Appointment, dismissal, or remuneration of the certifying CPAs.

9. Appointment and dismissal of financial, accounting, or internal audit supervisors.

10. Annual and semi-annual financial reports.

11. Other major matters prescribed by the Company or the competent authority.

The Audit Committee, comprising all four independent directors, convenes quarterly before the Board of Directors’ meetings to
review the Company's internal control systems, execution of internal audits, and material financial and operational activities. The Committee also engages in communication and discussions with the external auditors to oversee Company operations and risk management.
In 2024, the Company held a total of five meetings, during which the following key matters were reviewed and resolved:

• Review of Quarterly Financial Statements: The Audit Committee approved all quarterly financial reports of the Company.
• The Head of Internal Audit reported to the committee on a quarterly basis.
• Formulated and adjusted critical policies and procedures to enhance internal controls.
• Assessed the effectiveness and efficiency of the Company’s internal control mechanisms.
• Established tax strategies to optimize Group-wide fiscal management.
• Revised the charter of the Audit Committee.
•  Reviewed major financial transactions involving loans, endorsements or guarantees.
• Assessed the independence of the 2024 attesting CPAs and their affiliated accounting firms.
• Advance approval for the 2024 attesting CPAs, their accounting firms, affiliated entities, and alliance firms to provide non-audit services to the Company and its subsidiaries.
• Approval of the sale of equity in the subsidiary Gash Point Co., Ltd. and waiving the preemptive subscription rights for its cash capital increase proposal.

In 2024, the Committee held 5 meetings (A), and the attendance of Committee members was as follows:

The information on each committee meeting is as follows: