Operation of the Audit Committee

Board/Functional Committee

Operation of the Audit Committee

In the most recent year (2023) the Audit Committee convened 7 meetings. The attendance of independent directors is as follows:

Title

Name

Actual Attendance

Entrusted to Attend Frequency

Attendance Rate (%)

Independent Director

Yang Yung Cheng

7

0

100.00

Independent Director

Lee Wen Chuan

7

0

100.00

Independent Director

Juan Chiung Hua

7

0

100.00

Independent Director

Ho Chia Fang

7

0

100.00

˙If the operation of the audit committee is in any of the following circumstances, the date, period, proposal content, resolution of audit committee and the company’s handling of independent committee members ‘opinions shall be stated:

  1. The matters listed in Article 14(5) of Securities and Exchange Act:

Session

Date

Meeting Content

Resolution

6th time of

the 5th committee

2023.02.07

Factory construction through the Indonesian joint venture PT All Cosmos Biotek (PT Biotek)

All Directors approved

7th time of

the 5th committee

2023.03.22

1.2022 consolidated financial statements and business report proposal

2.2022 surplus distribution plan

3.2022 Internal Control System Statement

4.Accountant Remuneration and Competency in 2023

5.Pre-approval policy for accountants’ non assurance services

6.Subsidiary ACI plans to establish Eckare Malaysia Sdn.Bhd., a joint venture company in Malaysia with Eastern E-Commerce Co., Ltd

All Directors approved

8th time of

the 5th committee

2023.05.11

Consolidated Financial Statements for the First Quarter of 2023

All Directors approved

9th time of

the 5th committee

2023.08.01

YPJ to increase the shareholding ratio of jointly invested Indonesian subsidiary PTACB

All Directors approved

10th time of

the 5th committee

2023.08.25

Consolidated Financial Statements for the Second Quarter of 2023

All Directors approved


  1. Other resolutions that have not been approved by the Audit Committee but have been approved by more than two-thirds of all directors in addition to previous matters: None
˙The implementation of independent directors' avoidance of the proposal of interest, should state independent director’s name, contents of proposal, reasons for avoidance, participation and voting status: None.

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Pasir Gudang Industrial Estate,
81700 Pasir Gudang, Johor, Malaysia.

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