Remuneration Committee

The Remuneration Committee assists the Board in discharging its responsibilities related to Wah Hong's compensation and benefits policies, and the remuneration of directors of the Board and managerial officers.

The members of the Remuneration Committee are appointed by the Board. According to Wah Hong's Remuneration Committee Charter, the Committee consists of three members, and shall consist of at least one independent director of the Board. Currently, the Remuneration Committee is comprised of all two independent directors.

I. Information on the members of the Remuneration Committee

1. Formulate and regularly review the policies, systems, standards and structure of performance evaluation and remuneration of directors and managers.
2. Regularly evaluate and determine the remuneration of directors and managers.

Identity Name Professional qualification and experience Compliance of independence Number of other public companies where the members are also the members of the Remuneration Committee of these companies.
Independent director and convener Chen-Chi, Ma
  1. All comply with the provisions of paragraph 1 of Article 5 of the “Measures for the Establishment and Exercise of Powers of the Company’s Remuneration Committee for Stock Listing or Trading at Securities Brokers”.
    All have working experience in business, legal affairs, finance, accounting or corporate business.
  2. Please refer to pages 16-17 for the professional qualifications and experience of independent directors.
  3. Please note in detail the professional qualifications and experience of other committee members.
  • All comply with the provisions of paragraph 1 of Article 6 of the “Measures for the Establishment and Exercise of Powers of the Company’s Remuneration Committee for Stock Listing or Trading at Securities Brokers”.
  • No election as government, legal person or its representative as stipulated in Article 30 and Article 27 of the Company Law.
  • No provision of business, legal, financial, accounting and other services for the Company or its affiliated companies in the past 2 years.
  • None of the Remuneration Committee members, their spouses, and relatives within the second degree of kinship (or in the name of others) hold shares in the Company.
 3
Independent Director Liang-Chien, Li 0
Others Yi-Ming, Chen (Note) 1

Note: Mr. Yi-Ming, Chen graduated from the Business Administration Department of National Chengchi University and is a member of the Remuneration Committee. He is currently a practicing accountant of Yi-Ming, Chen Certified Public Accountants, and has at least five years working experience in business, accounting and corporate business, specializing in the field of accounting.

II. The operation of the Remuneration Committee

A. The Company's Remuneration Committee has three committee members in total.
B. Term of office of the 5th Committee members: From May 26, 2022, to May 24, 2025, the Remuneration Committee held 2 meetings (A) in 2023. The committee member attendance are as follows:

Title Post Name Actual attendance
(B)		 Proxy Attendance Actual attendance rate (%)
(B/A) (Note)		 Remark
Convener Independent Director Chen-Chi, Ma 2 0 100％
Committee Independent Director Liang-Chien, Li 1 1 50％
Committee Others Yi-Ming, Chen 2 0 100％

Note: The actual attendance rate (%) of the Remuneration Committee member is calculated based on the number of the committee meetings and the number of actual attendance during the term of office.

Remarks:

  1. The board does not adopt or amend on the recommendations of the Remuneration Committee: None.
  2. Where a decision resolved in the Remuneration Committee is found in contravention of rules or in qualified opinion as verified with records or documented declaration: None.
Remuneration Committee Meeting Status is also disclosed on Wah Hong's Annual Reports and Market Observation Post System (MOPS): Market Observation Post System Stock Symbol：8240
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