The Sharehoder meeting approved the appointment of the Audit Committee on 30 January 2006 for a fresh term of three years.

Duties and Responsibilities of the Audit Committee

1. Review the financial reports of the Company to ensure its accuracy, sufficient, reliable and adequate disclosure.
2. Review the internal control systems and the internal audit function of the Company to ensure appropriateness and effectiveness.
3. Review the practices and processes of the Company to ensure the compliance with the Securities Exchange regulations and other relevant laws.
4. Propose the appointments of the Company's auditors and their remuneration, by taking into account the credibility and experiences of the auditor.
5. Determine proper and complete disclosure of information of the Company in case of connected transaction that may have conflicts of interest.
6. Produce an audit committee report, signed by the Chairman of the Audit Committee, and to be disclosed in the Company's annual report.
7. Report an audit committee performance statement to the Company's Board of Directors every quarter and at least 4 times a year.
8. Perform other duties as assigned by the Board of Directors and agreed upon by the Audit Committee. The Audit Committee is empowered to order the Company's management, unit heads, or any relevant employee to give opinion, attend meetings, or hand over documents deemed relevant and necessary.