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The Audit Committee consists of three independent directors, aiming to help supervise the effective implementation of the company's internal control and compliance with relevant laws and regulations, control the company's existing or potential risks, and assist the board of directors to make decisions through its professional and independent position.

The tasks of the Audit Committee mainly include the following:
1. Establish or amend the internal control system in accordance with Article 14-1 of the SEA.
2. Assess the effectiveness of the internal control system.
3. Establish or amend procedures for obtaining or disposing of assets, engaging in derivatives transactions, and handling material monetary loans in accordance with Article 36-1of the SEA.
4. Matters involving Director's personal interests.
5. Material asset or derivatives transactions.
6. Material monetary loans.
7. The offering, issuance, or private placement of any equity-type securities.
8. Appointment, dismissal, or remuneration of external auditors.
9. Appointment and dismissal of financial, accounting, or internal auditing supervisors.
10. Annual financial statements signed or sealed by the Chairman, manager and accounting officer and semi-annual financial statements audited and certified by the CPAs.
11. Material matters related to other companies or competent authorities.
To perform its duties, the Audit Committee has the authority to conduct any appropriate review and investigation and to engage a lawyer, CPA or consultant to help perform its duties.

The Audit Committee held 12 meetings throughout the year with the average actual attendance rate of each committee
member being 100%, and the main focus of the committee’s work in 2022 is listed as follows:
‧Examine various documents prepared by the Board of Directors and submitted to the shareholders’ meeting (e.g.,business report, financial statement, and earning distribution plan), and issue Audit Committee’s review reports in accordance with the relevant laws and regulations.
‧Review annual and semi-annual financial statements.
‧Review and deliberate on the appointment and remuneration of CPAs. The Company appoints CPAs once a year and assesses the independence of CPAs based on a series of criteria, such as whether the CPA is a stakeholder of the Company, whether the CPA owns shares of the Company, whether the CPA holds any position at the Company, whether the CPA has faced disciplinary actions, and whether the CPA has not been replaced for seven years.
‧Review and deliberate on the Company’s internal audit plan.
‧Review and deliberate on the Company’s statement of internal control system.
‧Review the Company's proposal of cash capital increase and issuance of new shares.
‧Review the amendments to some provisions of the "Procedures for Acquisition or Disposal of Assets” of the Company.
‧Review and deliberate on amendments to the Company’s rules and regulations related to internal control system.
‧Review the proposal of donations.
‧Review the proposal of re-contract on the stock registration and transfer services contract.
‧Review audit reports submitted by the Audit Division, reports on the implementation of the legal compliance system submitted by the Legal & Compliance Department, reports on potential risks and management submitted by the Risk Management Division, and other special case reports.

1. Items listed in Article 14-5 of the Securities and Exchange Act

Date of Board Meeting Term Agenda Audit Committee resolution The Company’s response to the comments of the Audit Committee
2022.1.17 1st meeting of the 3rd Audit
Committee in 2022
Subsidiary Bank SinoPac has
proposed donation of NT$27
million and SinoPac Securities
has proposed donation of
NT$8 million to the "SinoPac
Foundation." The donations
totaled NT$35 million, helping the foundation to implement its 2022 work plan.
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Approved by the Board of Directors'
meeting on 2022/1/21.
2022.3.7 3rd meeting of
the 3rd Audit
Committee in 2022
The consolidated financial
statements of SinoPac Holdings
and its subsidiaries for 2021 and
the business report of SinoPac
Holdings for 2021.
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/3/15 and subsequently
acknowledged by the 2022 Annual
Shareholders' Meeting.
2022.3.7 3rd meeting of
the 3rd Audit
Committee in
2022
The earnings distribution plan of SinoPac Holdings for 2021. Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/3/15 and subsequently
acknowledged by the 2022 Annual
Shareholders' Meeting.
 2022.3.7  3rd meeting of
the 3rd Audit
Committee in 2022
Proposal of the issuance of
112,710,542 new shares by
capitalization of profits in 2021 by the Company.
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/3/15 and subsequently
approved by the resolution of the 2022 Annual Shareholders'
Meeting. 
 2022.3.7  3rd meeting of
the 3rd Audit
Committee in 2022
 Appointment and compensation
of CPAs in 2022 for SinoPac
Holdings and its subsidiaries
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
 Adopted by the Board of Directors
on 2022/3/15.
 2022.3.7  3rd meeting of
the 3rd Audit
Committee in 2022
 Amendments to some provisions
of the "Procedures for Acquisition
or Disposal of Assets” of the
Company.
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
 Adopted by the Board of Directors
on 2022/3/15 and subsequently
approved by the resolution of the 2022 Annual Shareholders'
Meeting
 2022.3.7  3rd meeting of
the 3rd Audit
Committee in 2022
 Revised the Company's
"Information Security Policy
Measures" and renamed as
"Information Security Policy".
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
 Adopted by the Board of Directors
on 2022/3/15.
2022.3.7 3rd meeting of
the 3rd Audit
Committee in 2022
The Statement of Internal Control of SinoPac Holdings for 2021. Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/3/15.
 2022.5.16  5th meeting of
the 3rd Audit
Committee in
2022
 The consolidated financial
statements of SinoPac Holdings
and its subsidiaries for 2022 Q1.
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
 Adopted by the Board of Directors
on 2022/5/20.
2022.8.15   8th meeting of
the 3rd Audit
Committee in
2022
 The consolidated financial
statements of SinoPac Holdings
and its subsidiaries for 2022 Q2.
 Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
 Adopted by the Board of Directors
on 2022/8/19.
2022.9.16  9th meeting of
the 3rd Audit
Committee in 2022
In response to the letter from
the Financial Supervisory
Commission requesting
the Company to review the
specific control mechanism
for interation with major
shareholders, the Company
proposed the amendments
to the Company's "Operation
Guidelines for Handling
Shareholders' Meeting Interviews
and Letters" and renamed it as
"Operational Procedures for
Handling Shareholders' Meeting
Interviews and Letters"; also
drafted the contents of the letter
of commitment signed by the
chairman, president, chief auditor
and senior managers of the
Company and its subsidiaries.
After the text of
Appendix II and III were
amended, the attending
committee members
passed the amendments
unanimously, and
subsequently submitted
to the Board of Directors
for approval. If the
governmental authority
has further guidance, it'll
be referred to the Board of
Directors for discussion.
After the revision of the resolution
of the Audit Committee on
2022/9/16, the text of Item (1) listed in the Commitment Letter of
Appendix IV to Appendix IX of the Company's "Operational Measures
for Handling Interviews and Letters at Shareholders' Meetings" was
additionally revised according to
the guidance of the competent
authority, and subsequently
adopted by the Board of Directors
on 2022/9/23.
2022.10.14 10th meeting
of the 3rd Audit
Committee in 2022
The Company plans to issue a
maximum of 800 million shares
of common stock for cash capital
increase in 2022 through public
subscription and placement, and
cooperate with the formulation
of the Company's "2022 Cash
Capital Increase Through
Employee Stock Purchase Plan
Measures."
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
After the text of Appendix II and III and the briefings were amended,
the Board of Directors agreed on
and approved the amendments on 2022/10/21.
2022.10.14 10th meeting
of the 3rd Audit
Committee in 2022
The stock registration and
transfer services contract signed
between the Company and its subsidiary, SinoPac Securities,
had expired, and a renewal was proposed.
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/10/21.
2022.11.14 11th meeting
of the 3rd Audit
Committee in 2022
The consolidated financial
statements of SinoPac Holdings
and its subsidiaries for 2022 Q3.
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
Adopted by the Board of Directors
on 2022/11/18.
2022.11.14 11th meeting
of the 3rd Audit
Committee in 2022
The subsidiary, Bank SinoPac,
intends to handle private equity
cash capital increase and to
issue a maximum of 670 million
common stock shares, which
will be fully subscribed by the Company.
After the text of the presentation was amended, it was adopted by the attending
committee members
unanimously, and
subsequently submitted to
the Board of Directors for
approval.
Adopted by the Board of Directors
on 2022/11/18.
2022.12.16  12th meeting
of the 3rd Audit
Committee in 2022
2023 Internal audit plan of
SinoPac Holdings.
Adopted as proposed and
subsequently submitted to
the Board of Directors for
resolution.
In response to the “2023 Financial
Examination Focuses” published
by the Financial Supervisory
Commission on 2022/12/23, the review descriptions in the audit
plan was adjusted and adopted
by the Board of Directors on
2022/12/23.


2.  Please refer to the Company’s past Annual Reports and the Market Observation Post System
(http://mops.twse.com.tw/mops/web/t100sb03_1, public company stock code: 2890) for the attendance status of the committee members.