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- Operation Overview
Risk Management
Radiant Opto-Electronics Corporation conducts series of business strategy meetings every year for supervisors of each department to identify possible risks and to synthesize and analyze the strength and weakness of each department through information exchange across the departments. Furthermore, the Company is regularly monitory industry trends and market changes, referring to research reports of relevant local and international institutions and global risk annual report published by the World Economic Forum (WEF), so that to stay aware of risks changes, to develop management strategies when major potential risk arises, and to track effectiveness regularly.
Risk Management Process
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Risk Management Organization Structure
In 2022, the Corporation established a Risk Management Team under the Sustainable Development Committee to address major issues and sustainably manage risk. The team
reports to the Board of Directors at least once a year on risk management operations and develops risk management policies and procedures. These policies and procedures are approved by the Board of Directors and serve as guidelines for all employees to maintain and stabilize the Corporation's operations.
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Business Continuity Management
To ensure uninterrupted operations and pursue sustainable business practices, we offer our customers a range of diversified, professional-quality backlight modules. Our manufacturing principles prioritize the continuous management of our operations. Radiant Opto-Electronics Corporation has established an emergency response team that regularly holds discussions with relevant units to identify and assess both internal and external risks. Based on the level of risk, the team develops emergency response plans. Additionally, management has implemented measures to ensure that all products continue to meet customer requirements during any major event that may occur. These measures will be in place until the production line has recovered, in order to protect customer interests and minimize any potential impact.
Furthermore, the Company always strive to ensure customs clearance efficiency and transportation safety of cargo shipments. Our factories in Kaohsiung and Wujiang have obtained AEO certification in 2012 and 2015 respectively. Kaohsiung factory is the first manufacturer in Kaohsiung Technology Industrial Park who obtained AEO certification . Risk assessment is carried out on various categories of logistics risk on annual basis to improve the company's internal control mechanism, reduce overall risk and ensure supply chain's safety.
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Internal Controls
Radiant Opto-Electronics Corporation conducts annual audits in accordance with the "Guidelines for Public Listed Companies to Establish Internal Control Systems" by the Financial Supervisory Commission. These audits assist the Board of Directors and management in supervising all internal systems and processes of the Corporation. We
implement annual audit plans and continuously monitor related operating systems to ensure the accuracy, reliability, timeliness, and transparency of operational, financial, and
management information. We also ensure compliance with relevant laws and regulations and provide timely suggestions for improvement to ensure the continuous and e ective implementation of the internal control system. Each year, the Corporation requires a review of the self-assessment reports on the internal control system for every unit and
subsidiary, in accordance with applicable provisions.
In 2022, the Corporation adopted new audit methods that incorporate artificial intelligence, utilizing machine learning to enhance the depth of project audits and Robotic Process Automation (RPA) to streamline routine operations. By leveraging information technology, we have developed an online database of laws and regulations to improve the e ciency of compliance checks. All departments within the Corporation must conduct thorough self-inspections and improve the quality of their internal control systems by
utilizing the computer audit management platform.
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Information Security
To ensure the smooth operation and continued success of our business, Radiant Opto-Electronics Corporation has implemented a variety of monitoring and control systems, as well as regularly scheduled staff training.
To enhance the information security structure, Radiant Opto-Electronics Corporation plans to obtain ISO 27001 certification for customer-specified models. The Wujiang
Factory is certified in 2022, followed by the Kaohsiung Factory in 2023, and the Nanjing and Guangzhou Factories in 2025.
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Information Security Management Policies
Radiant Opto-Electronics Corporation has developed an information security policy to safeguard the confidentiality, integrity, and availability of its data and information. This policy is reviewed twice a year, in June and December, to ensure that it remains e ective against new malicious attacks and to implement appropriate defense mechanisms.
In 2022, we commissioned a third-party information security manufacturer to perform system penetration testing on three systems. The first test, which was conducted on a high-risk system, has been completed and the system has passed after undergoing necessary repairs. Radiant Opto-Electronics Corporation conducts periodic loophole
scanning to ensure that its information systems and network environments comply with the information security protection mechanism. This helps to identify any potential vulnerabilities in the program and address them promptly.
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