The Company believes that it is important to pursue medium- and long-term profit growth through strategic initiatives and proactive management activities in businesses that contribute to society by creating innovations, to sustain the Company and increase corporate value, and to develop an organizational structure by enhancing corporate governance to build good relationships with shareholders, investors, customers, employees, and other stakeholders through cooperation, trust, and shared expectations. Based on this concept,

 

1. Ensuring shareholders’ rights and equality
2. Compliance with laws and regulations, articles of incorporation and company rules
3. Promote dialogues with shareholders and other stakeholders and timely, appropriate information disclosures
4.  Establishment of a flat and flexible management organization system that enables prompt decision-making
5. Enhancing audit functions as a Company with an Audit & Supervisory Committee, while promoting management independence and transparency and enabling prompt decision-making

 

The Company strives to have more transparent company management through such measures as the following.

a. Overview of the Corporate Governance System

Following the resolution at the 28th Ordinary General Meeting of Shareholders held on June 26, 2025, the Company transitioned to a Company with an Audit & Supervisory Committee with the aim of further enhancing corporate governance by strengthening the supervisory functions of the Board of Directors and reinforcing the Company’s monitoring framework.

1. The Company’s corporate governance structure is designed to shorten the cycle from information gathering to decision-making by maintaining a flat and streamlined organizational structure. This enables centralized information management and facilitat es timely decision-making.
2. The Audit & Supervisory Committee consist of three Audit & Supervisory Committee Members, including three part-time Audit & Supervisory Committee Members.
3. The Company has five Directors, all of whom are full-time except for the Outside Directors. The Board of Directors meets once a month, and holds extraordinary meetings as necessary. 

 

b. Reason for Adopting the System

The reasons for adopting the above system are as follows.

 

The Company believes that, in order to pursue sustainable profitability and enhance corporate value in the flat panel display (FPD) and semiconductor markets, it is essential to have a management system that enables agile and flexible organizational operations capable of responding to changes in the business environment and the diversification of customer needs. Additionally, the Company has appointed Outside Directors who possess extensive experience, broad insight, and specialized expertise in their respective industries. By entrusting audit execution to Directors who are Audit & Supervisory Committee Members, the Company believes it has established a structure capable of fully performing its management oversight functions

Structure of the Monitoring System of Company Organization and Management and the Status of Maintenance of Internal Control