CHENG LOONG

To enhance the supervisory functions and strengthen the management mechanism, CLC established two non- statutory functional committees (Corporate Sustainability Committee, Risk Management Committee) and two statutory functional committees (Audit Committee, Compensation Committee) under our BoD.

Corporate Sustainability Committee

To implement and facilitate corporate sustainability, the BoD of CLC established “Corporate Sustainability Committee” with six committee members on December 21, 2023, with President as the chair.

The Corporate Sustainability Committee holds at least two committee meetings each year and executes the following responsibilities:
1. Establish the sustainable development policies, goals and implementation plans
2. Promote and develop ESG-related matters
3. Supervise other sustainable development-related tasks as resolved by the BoD

the Operation of Corporate Sustainability Committee
 

Members (Position at CLC)	Name	Date Elected	The First Meeting of the First Session (December 21th, 2023)	The Second Meeting of the First Session (August 8th, 2024)	The Third Meeting of the First Session (December 24th, 2024)	Member Attendance (%)
Chair Director/ President	Ching-Biao Chang	December 21th, 2023	V	V	V	100%
Director/ Vice President	Mu-Siang Peng	December 21th, 2023	V	V	V	100%
Vice President	Zeng-Fu Hou	December 21th, 2023	V	V	V	100%
Independent Director	Yung-Chi Wang	December 21th, 2023	V	V	V	100%
Independent Director	Fu-Hsing Chang	December 21th, 2023	V	V	V	100%
Independent Director	Feng-Chih Huang	December 21th, 2023	V	V	V	100%

Risk Management Committee

To enhance the risk assessment and strengthen the management mechanism, the BoD of CLC established “Risk Management Committee” with six committee members on December 21, 2023, with President as the chair.

The Risk Management Committee holds at least two committee meetings each year and executes the following responsibilities:
1. Review the risk management policies, procedures, and frameworks
2. Strengthen risk management and urge the implementation status of various risk management measures
3. Supervise other risk management-related tasks as resolved by the BoD

the Operation of Risk Management Committee
 

Members (Position at CLC)	Name	Date Elected	The First Meeting of the First Session (December 21th, 2023)	The Second Meeting of the First Session (August 8th, 2024)	The Third Meeting of the First Session (December 24th, 2024)	Member Attendance (%)
Chair Director/ President	Ching-Biao Chang	December 21th, 2023	V	V	V	100%
Director/ Vice President	Mu-Siang Peng	December 21th, 2023	V	V	V	100%
Vice President	Zeng-Fu Hou	December 21th, 2023	V	V	V	100%
Independent Director	Yung-Chi Wang	December 21th, 2023	V	V	V	100%
Independent Director	Fu-Hsing Chang	December 21th, 2023	V	V	V	100%
Independent Director	Feng-Chih Huang	December 21th, 2023	V	V	V	100%

Audit Committee

CLC’s Audit Committee supervises the fair presentation of CLC’s financial statements; the appointment (dismissal), independence, and performance of certified public accountants; the effective implementation of CLC’s internal control; the adequacy of internal compliance, procedures, and programs; and control over existing or latent risks.

The Audit Committee holds at least one committee meeting each quarter. In 2024, the Audit Committee held a total of six meetings, with 100% member attendances. Please refer to the CLC Annual Report for more information regarding the committee meetings and member attendance.

 

   

Compensation Committee

CLC’s Compensation Committee establishes, reviews, and assesses the policy, system, standard, and structure regarding the performance evaluation of and compensation for directors and managers and reviews their compensation; and makes recommendations to the board of directors for discussions. The Compensation Committee holds at least two committee meetings each year. In response to the board's re-election, the board appointed three independent directors to be members of the 5th Compensation Committee on June 24, 2022, with Mr. Yung-Chi Wang as the chair. In 2024, the Compensation Committee held two committee meetings, with 100% member attendances. Please refer to the CLC Annual Report for more information regarding the committee meetings and member attendance.

 

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