Audit Committee

Maywufa's Audit Committee is composed of all four independent directors. It assists the Board of Directors in overseeing the fair presentation of the Company's financial statements, the appointment (dismissal), independence, and performance of the CPAs, the effective implementation of internal controls, the Company's compliance with relevant laws and regulations, and the management of the Company's existing or potential risks.

The Audit Committee's powers cover financial statements, auditing, the internal control system, the acquisition or disposal of material assets or derivatives transactions, material loans, endorsements, or guarantees, the offering or issuance of securities, compliance with relevant regulations, whether managers and directors have related-party transactions and possible conflicts of interest, fraud investigation reports, corporate risk management, the appointment, dismissal, or compensation of the CPAs, and the appointment and dismissal of the heads of finance, accounting, and internal audit.

To fulfill its duties, the Audit Committee is authorized under its charter to conduct any appropriate review and investigation, and has direct channels of communication with the Company's internal auditors, CPAs, and all employees. The Audit Committee is also authorized to engage and supervise lawyers, accountants, or other advisors to assist it in performing its duties.

The Audit Committee meets at least once a quarter and may convene at any time as needed. For details of the Committee's meetings and each member's attendance rate, please refer to the Company's annual reports.