Ubiqconn Technology Internal Audit System & Governance

Internal Audit Department

The Internal Audit Department at Ubiqconn Technology operates as an independent unit reporting directly to the Board of Directors. In addition to submitting monthly audit execution reports to the Independent Directors and presenting at regular Board meetings, the department also reports to the Chairman and the Audit Committee as needed.

Ubiqconn's internal audit charter clearly defines the department's role in reviewing the company's internal control systems across operational procedures. It assesses whether these controls are appropriately designed and effectively implemented in day-to-day operations, evaluating both their effectiveness and efficiency. The audit scope encompasses all business units, processes, and subsidiaries of Ubiqconn Technology.

Audit work is primarily conducted in accordance with an annual audit plan approved by the Board of Directors. This plan is based on identified risks and may be supplemented with project-based audits or special reviews when necessary. Through these routine and ad hoc audits, the Internal Audit Department provides independent insights to management on the performance of internal control systems, serving as an additional mechanism for identifying existing or potential control weaknesses and enabling timely corrective actions.

The department also reviews self-assessments conducted by each business unit and subsidiary, ensuring that procedures are carried out and documented appropriately to maintain audit quality. The consolidated results of these self-assessments are reported to the Audit Committee and the Board of Directors.

Ubiqconn Technology's Internal Audit team includes one full-time auditor at the corporate level and one at the subsidiary level. The appointment or dismissal of the Chief Audit Executive requires the consent of the Audit Committee and a resolution by the Board of Directors. Recruitment, performance evaluation, and compensation of internal audit personnel are carried out in accordance with Ubiqconn's HR policies. These processes follow standard internal approval procedures led by the HR and/or audit supervisor and are submitted to the Chairman for final approval. Performance evaluations are conducted twice a year.

Internal Audit

The Chief Internal Auditor regularly communicates directly and individually with members of the Audit Committee through various means, including but not limited to voice calls, video conferences, emails, or written reports, to present audit updates and engage in discussions. The communication between the Audit Committee and the Chief Internal Auditor is smooth and effective.