Communication among Independent Directors

The Company’s Independent Directors receive monthly audit reports. Furthermore, the Internal Audit Officer presents significant operational reports for the Company and its subsidiaries to the Independent Directors during quarterly Audit Committee meetings. The officer also responds to inquiries from the Independent Directors, provides necessary information, and strengthens audit operations according to their instructions to ensure the effectiveness of the internal control system.

The CPAs present a comprehensive report to the Independent Directors at quarterly Audit Committee meetings regarding the results of the audit or review of financial statements and the opinions they intend to issue. They also communicate on issues such as whether there are any audit adjustment entries or if regulatory amendments affect accounting methods.

The Company holds a closed-door meeting at least once a year between the Independent Directors, the Internal Audit Officer, and the CPAs. During this session, the Internal Audit Officer and the CPAs separately report to the Independent Directors on audit operations and annual plans, as well as financial statements and annual audit planning details.

The Independent Directors, Internal Audit Officer, and CPAs may communicate via telephone, email, or meetings held as needed.