Committees

MTI's Audit Committee assists the Board of Directors in fulfilling its oversight of the quality and integrity of the accounting, auditing, reporting, and financial control practices of the Company.

The Audit Committee is responsible to review the Company's：

1. The effectiveness of company internal control process
2. Auditing and accounting policies and procedures
3. Potential conflicts of interests involving directors
4. Material asset or derivatives transactions
5. Material lending funds, endorsements or guarantees
6. Offering or issuance of any equity-type securities
7. Hiring or dismissal of an attesting CPA, or the compensation given thereto
8. Appointment or discharge of financial, accounting, or internal auditing officers
9. Financial reports
10. Other important events

The independent directors communicate with the chief of internal audit and the CPAs at the regular Audit Committee meetings.(at least once every quarter) The chief of internal audit reports the annual audit plan execution and audit finding improvement status to independent directors at periodic meetings. They also exchange their opinions for the effectiveness of internal control implementation of the Company. The CPAs fully discusse with the independent directors about the finance report, tax and internal control events.

The Remuneration Committee aims to assist the board of directors in formulating and reviewing directors and managers' performance evaluation and remuneration policies, systems, standards and structures, as well as evaluating and setting directors and managers' remuneration.
According to the Remuneration Committee Chart, the Committee shall consist of 3 members, at least one independent director appointed by resolution of the board of directors. In accordance with the article 8 of Remuneration Committee Chart, meetings of the Committee shall be held 2 times a year, and may hold an extraordinary meeting as needed. . In addition, the performance of the Board will be subject to evaluation once annually, and the first external agency evaluation will be conducted this year. The evaluation result will be presented to the Remuneration Committee and the Board for reporting by the end of the 1st quarter of the next year.