The Company has established an Internal Audit Unit Charter, established by the Company's President Director on December 17, 2020, which regulates the duties, responsibilities, and authorities of the Company's Internal Audit Unit as follows:

The duties and responsibilities of the Internal Audit Unit include:

1. Internal Audit is tasked with providing independent and objective assurance and consulting services, with the goal of increasing value and improving the Company's operations, through a systematic approach that evaluates and improves the effectiveness of the Company's risk management, control, and governance processes.
2. Prepare and implement the Annual Internal Audit work program.
3. Test, evaluate, and report on the implementation of Internal Audit and risk management systems in accordance with Company policy.
4. Conduct audits and assessments of efficiency and effectiveness in the areas of finance, record-keeping, operations, personnel, taxation, and so on.
5. Provide suggestions for improvement and objective information on audited activities at all levels of management.
6. Cooperate with the Audit Committee in coordinating supervision.
7. Monitor, analyze and report on the implementation of suggested follow-up improvements.
8. Develop a program to evaluate the quality of internal audit activities.
9. Perform other assignments, such as special audits, as mandated by the Board of Directors with the approval of the Board of Commissioners for the relevant division or work unit.
10. Conduct consulting activities at the request of management to achieve the Company's objectives without assuming management responsibilities.
11. Report audit results and submit them to the President Director and the Board of Commissioners through the Audit Committee.

The authority of the Internal Audit Unit includes:

1. Determine oversight activities in all areas, operational activities, and business of the Company.
2. Access all relevant information regarding the Company related to its duties and responsibilities. Any significant disputes arising from such access will be reported to the President Director for resolution.
3. Communicate directly with Directors, Commissioners, and/or the Audit Committee.
4. Conduct regular and ad hoc meetings with the Board of Directors, Board of Commissioners, and/or the Audit Committee.
5. Obtain support from all staff and management by providing information and explanations necessary to perform its duties.
6. Coordinate its activities with those of the External Auditor.

For the Internal Audit Committee Charter, please click here.