Risk Management Committee

To strengthen risk assessment and enhance management functions, TCC resolved at the 5th meeting of the 25th Board of Directors on August 13, 2024, to establish the Risk Management Committee and to formulate the new Risk Management Policy. The committee consists of six members. The previous Risk Management Committee and Risk Management Policy and Principles were simultaneously abolished.

Scope of authority of this Committee

1. Review the risk management policies and framework, and regularly evaluate their applicability and implementation effectiveness.

2. Approve risk appetite (risk tolerance) to guide resource allocation.

3. Ensure that the risk management mechanisms are fully equipped to address the risks faced by the Company and integrate them into daily operational processes.

4. Approve the prioritization of risk control and risk levels.

5. Review the implementation of risk management and provide necessary improvement recommendations to the Board of Directors.

6. Review risk-related systems, standards, mechanisms, issues, or cases that are required to be reported to the Board of Directors by regulatory authorities or various risk policies.

7. Execute risk management decisions made by the Board of Directors.

For more details, please refer to the Risk Management Committee Charter.

Information of the 3rd-Term Committee Members

Members	Title	Name	Key Experience and Education	Expertise
Convener	Independent Director	Sherry S. L. LIN	National Taiwan University, Department of Law Chairman, Bar Koo Investment Corporation Special Consultant at Lee and Li, Attorneys-at-Law	She has assisted listed companies with professional expertise in risk management, international markets, and ESG.
Members	Independent Director	Victor WANG	BA in Accounting, Soochow University EMBA, National Taiwan University Former Chief Operating Officer and Vice Chairman of Audit Services Department at Deloitte Taiwan.	He possesses professional expertise in financial risk control.
Members	Independent Director	Lynette Ling-Tai CHOU	PhD of Accounting, University of Houston Master of Accounting, University of Houston Bachelor's Degree in International Trade from the Department of Business, National Taiwan University Dean of Student Affairs, Deputy Dean of the College of Commerce, and Department Chair of Accounting at National Chengchi University Managing Supervisor, Taiwan Public Television Services	She possesses professional expertise in auditing and accounting control.
Members	Independent Director	Ruu-Tian CHANG	Executive Vice President, Gartner Group Taiwan Limited MBA, University of Minnesota System	She possesses information technology expertise.
Members	Director	Liz WANG	MBA, Waseda University CEO, Chia Hsin Cement Corporation Vice Chairman, TAS Board	She possesses professional expertise in ESG.
Members (Resigned)	Independent Director	Nigel N. T. LI	LL.M., Harvard LL.M., National Taiwan University Senior Counsel, Lee and Li, Attorneys-at-Law Chairman, Taiwan Jurist Association	He possesses expertise in ESG evaluation, finance, and more.

Operations of the Risk Management Committee Across Each Term

The 3rd Term

The 2nd Term

The 1st Term

Attendance of the 3rd Risk Management Committee in 2024 to date: 1 meeting held.

Member Name	Number of Meetings	Number of Attendances	Number of Absences or Attendances by Proxy	Attendance %	Remarks
Sherry S. L. LIN	1	1	0	100%
Victor WANG	1	1	0	100%
Lynette Ling-Tai CHOU	1	1	0	100%
Liz WANG	1	1	0	100%
Ruu-Tian CHANG	1	1	1	85%
Nigel N. T. LI	1	1	1	85%	Resigned on October 9, 2024

Attendance of the 3rd Risk Management Committee in 2024 to date: 1 meeting held.

Meeting Date	Meeting Highlights	Meeting Results	Attendance
August 13, 2024	Elect a convener.	All attending committee members unanimously elected Committee Member Sherry S. L. LIN to serve as the meeting Chairperson and convener.	All six committee members attended.

Attendance of the 2nd Risk Management Committee in 2021: 6 meetings held.

Member Nam	Number of Meetings	Number of Attendances	Attendance %
Sherry S. L. LIN	1	1	100%
Victor WANG	1	1	100%
Lynette Ling-Tai CHOU	1	1	100%

Meeting of the 2nd Risk Management Executive Committee in 2021 is as follows:

Meeting Date	Meeting Highlights	Meeting Results	Attendance
August 10, 2021	Elect a convener.	All attending committee members unanimously elected Committee Member Sherry S. L. LIN to serve as the meeting Chairperson and convener.	All three committee members attended.
November 8, 2021	Report on TCC's updated main risk identification matrix in seven major aspects: operations, finance, national, legal compliance, ESG, personnel, and information security. Report on the implementation results of TCC's Task Force on Climate-related Financial Disclosures (TCFD) Project. Report on the implementation of the ISO 37001 Anti-Bribery Management System.	All reported items were acknowledged. Submitted to the Board of Directors for reporting on November 11, 2021.	All three committee members attended.
August 5, 2022	Report on TCC's updated risk identification matrix, outlining the impacts on operations and mitigation strategies in response to war, geopolitical issues, the energy transition, and demographic shifts.	All reported items were acknowledged. Submitted to the Board of Directors for reporting on August 10, 2022.	All three committee members attended.
March 24, 2023	Report on TCC's updated main risk identification matrix in seven major aspects: operations, finance, national, legal compliance, ESG, personnel, and information security. Report on TCC's Climate-related Performance Metrics and Targets, aimed at enhancing the Risk Executive Management Committee's oversight of TCC's climate risks and opportunities.	All reported items were acknowledged. Submitted to the Board of Directors for reporting on March 24, 2023.	All three committee members attended.
November 10, 2023	Report TCC's updated main risk identification matrix in seven major aspects: operations, finance, national, legal compliance, ESG, personnel, and information security, along with the potential impact of Taiwan's carbon fee collection in 2024 to be paid in 2025. Proposal to report on the achievement of TCC's 2023 Climate-related Performance Indicators as of the third quarter of this year.	All reported items were acknowledged. Submitted to the Board of Directors for reporting on November 10, 2023.	All three committee members attended.
May 14, 2024	Report on the damage and recovery progress of TCC's production and business locations in Taiwan following the Hualien earthquake on April 3, 2024. Report on TCC's updated main risk identification matrix in seven major aspects: operations, finance, national, legal compliance, ESG, personnel, and information security. Report on the achievement status of TCC's Climate-related Performance Indicators for 2024 and the Setting of Climate-related Performance Targets for 2025.	All reported items were acknowledged. Submitted to the Board of Directors for reporting on May 14, 2024. All reported items were acknowledged. Submitted to the Board of Directors for reporting on May 14, 2024. All reported items were acknowledged. Submitted to the Board of Directors for reporting on May 14, 2024.	All three committee members attended.

Attendance of the 1st Risk Management Committee in 2020: 2 meetings held.

Member Name	Number of Meetings	Number of Attendances	Attendance %
Victor WANG	2	2	100%
Li, Jong-Peir	2	2	100%
Lynette Ling-Tai CHOU	2	2	100%

Meeting of the 1st Risk Management Executive Committee in 2020 is as follows:

Meeting Date	Meeting Highlights	Meeting Results	Attendance
August 11, 2020	Report on the management status of TCC's major risk issues in seven aspects: operations, finance, national, legal compliance, ESG, personnel, and information security.	Submitted to the Board of Directors for reporting on August 11, 2020.	All three committee members attended.
December 15, 2020	Information security audit procedures for TCC and its invested companies. Details of the Board of Directors and risk management of invested companies.	Submitted to the Board of Directors for reporting on December 15, 2020.	All three committee members attended.