The board of directors is the company's highest governance unit and the center of major business decisions. Its responsibilities include appointing and supervising the company's management, supervising operating performance, preventing conflicts of interest, and ensuring that the company performs its duties in compliance with various laws, the provisions of the company's articles of association, or the resolutions of the shareholders' meeting. and is committed to maximizing shareholder rights.
The board of directors should be responsible for the overall operating status of the company, set precise goals, and strive to achieve them. The board of directors should be accountable to the shareholders' meeting. Directors' remuneration must be submitted to the shareholders' meeting for resolution. The shareholders decide and recognize the board of directors' operating results as a way to measure the management performance of the company's highest governance unit. Through the momentum of the board of directors' performance, it helps to improve the quality and efficiency of the board of directors' decision-making and achieve the purpose of effectively managing and supervising the company. In addition, the annual report discloses the attendance rate of directors on the board of directors, strengthens the directors' requirements for their own responsibilities and obligations, and truly fulfills the function of supervising and managing the company.
The Company has formulated a "Corporate Governance Code of Practice" that stipulates that directors generally possess the necessary knowledge, skills and literacy to perform their duties. In order to achieve the ideal goals of the company, the board of directors as a whole should have the following abilities:
–Operational judgment ability
–Accounting and financial analysis skills
–Operation and management capabilities
–Crisis handling capabilities
–Industry knowledge
–International market view
–Leadership
–Decision-making capacity
►Shareholdings and academic experience of the sixth board members :
Date：June 21, 2023
Remark 1: Chong, Chun Lung's other shareholdings, are10,824,408 shareholdings of the Company, gained through Dragon Million (Asia) Limited.
►The diversity policy of the board of directors :
In view of the diversity policy, fortifying and promoting the formation and healthy structure of the board of directors. The candidate of the company’s director should follow the nominating system that the Article of Incorporation regulates. Assessing the candidate’s experience qualification, evaluate profession background, integrity, and other related professional qualifications. After being passed by the board of directors, it will be appointed in the shareholders’ meeting. The composition of the members, except for the directors who also serve as managers, should not be more than one third of the seats. The board of directors should formulate diversified policy in view of operation, business model, and the need of development, included but not limited to the following:
(a) Basic requirement and value: gender, age, nationality, and culture.
(b) Judgment ability in operation, accounting and financial analysis capabilities, business management capabilities, crisis management capabilities, industrial knowledge, International market view, Leadership and Decision-making ability.
In the future, we will gradually increase the number of female directors based on the principle of gender equality.
►The company's current Board of Directors is composed by 7 directors, and the specific management goals and accomplishments of the diversified policy are as follows :
►The implementation of the Board Diversity Policy is as follows :
The board of directors should be responsible for the overall operating status of the company, set precise goals, and strive to achieve them. The board of directors should be accountable to the shareholders' meeting. Directors' remuneration must be submitted to the shareholders' meeting for resolution. The shareholders decide and recognize the board of directors' operating results as a way to measure the management performance of the company's highest governance unit. Through the momentum of the board of directors' performance, it helps to improve the quality and efficiency of the board of directors' decision-making and achieve the purpose of effectively managing and supervising the company. In addition, the annual report discloses the attendance rate of directors on the board of directors, strengthens the directors' requirements for their own responsibilities and obligations, and truly fulfills the function of supervising and managing the company.
The Company has formulated a "Corporate Governance Code of Practice" that stipulates that directors generally possess the necessary knowledge, skills and literacy to perform their duties. In order to achieve the ideal goals of the company, the board of directors as a whole should have the following abilities:
–Operational judgment ability
–Accounting and financial analysis skills
–Operation and management capabilities
–Crisis handling capabilities
–Industry knowledge
–International market view
–Leadership
–Decision-making capacity
►Shareholdings and academic experience of the sixth board members :
Date：June 21, 2023
| Title | Name | Current Shares held | Current Shares held in the name of others | Current Positions in the Company and Other Companies | ||
|---|---|---|---|---|---|---|
| Share | Shareholding % | Share | Shareholding % | |||
| Chairman | Chong, Chun Lung | 35,303,883 | 19.01% | 10,824,408 (Remark 1) |
5.83% (Remark 1) |
Chairman and General Manager of the Company Chairman, Dragon Million (Asia) Limited (BVI). Chairman, Jinli Group Holdings Limited (Bermuda). Chairman, Topoint Group Limited (BVI). 。 Chairman, Dragon Flair Limited (BVI). Chairman, Golden Apple (HK) Int’l Trading Co. Limited Chairman, Million Win Creation Limited Chairman, Chairman of Aiqi (Fujian) Footwear Co., Ltd. Chairman of Golden Apple (China) Co., Ltd. General Manager, Jinjiang Aiqi Plastic Products Co., Ltd. ’ Chairman, Changtai Golden Apple Industrial Co., Ltd. Chairman, LEADS BIO CO., LTD. |
| Director | Chen Honglin | ─ | ─ | ─ | ─ | E-commerce Sales Director of Golden Apple (China) Co., Ltd. |
| Director | Tsai Yunglung | ─ | ─ | ─ | ─ | Deputy General, Manager, Baumer Industrial Co., Ltd. Management Consultant of Yue Sheng Co., Ltd. Deputy General Manager of Yue Ting Investment Co., Ltd. |
| Director | Shiue You-Wei | ─ | ─ | ─ | ─ | Special Assistant to the Chairman, Asia Plastic Recycling Holding Limited General Manager of Chongzheng Management Consultant Co., Ltd. |
| Independent Director | Chen Jin-De | ─ | ─ | ─ | ─ | Senior Advisor of Jiuhua Real Estate Co., Ltd. |
| Independent Director | Yeh Ming | ─ | ─ | ─ | ─ | Director of Everterminal Co., Ltd. |
| Independent Director | Luo Ping | ─ | ─ | ─ | ─ | Co-founder of Lingmei (Cosmetics) Fujian Co., Ltd. |
►The diversity policy of the board of directors :
In view of the diversity policy, fortifying and promoting the formation and healthy structure of the board of directors. The candidate of the company’s director should follow the nominating system that the Article of Incorporation regulates. Assessing the candidate’s experience qualification, evaluate profession background, integrity, and other related professional qualifications. After being passed by the board of directors, it will be appointed in the shareholders’ meeting. The composition of the members, except for the directors who also serve as managers, should not be more than one third of the seats. The board of directors should formulate diversified policy in view of operation, business model, and the need of development, included but not limited to the following:
(a) Basic requirement and value: gender, age, nationality, and culture.
(b) Judgment ability in operation, accounting and financial analysis capabilities, business management capabilities, crisis management capabilities, industrial knowledge, International market view, Leadership and Decision-making ability.
In the future, we will gradually increase the number of female directors based on the principle of gender equality.
►The company's current Board of Directors is composed by 7 directors, and the specific management goals and accomplishments of the diversified policy are as follows :
| management goals | Achievement |
| The number of independent directors exceeds one third of the number of directors | Reach |
| Directors who also serve as company managers should not exceed one-third of the number of directors | Reach |
| Adequate and diverse professional knowledge and skills | Reach |
►The implementation of the Board Diversity Policy is as follows :
| Diversified Core Name |
Basic component | Professional ability | Industrial experience | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nationo | Gender | As an employee | Age | Term and tenure of independent directors | |||||||||||||||||
| 21~30 | 31~40 | 41~50 | 51~60 | 61~70 | Less than 3 years | 7~9 years | Accounting | Operation and management | Marketing | Investment and M&A |
Securities | Finance | Marketing | Department store / Apparel | Trading | Operation and management |
|||||
| Director | Chong, Chun Lung | HK | Male | V | V | V | V | V | V | V | V | ||||||||||
| Chen Honglin | China | Male | V | V | V | V | V | V | V | ||||||||||||
| Tsai Yunglung | TW | Male | V | V | V | V | V | V | V | ||||||||||||
| Shiue You-Wei | TW | Male | V | V | V | V | V | V | |||||||||||||
| Independent director | Chen Jin-De | TW | Male | V | V | V | V | V | V | V | |||||||||||
| Yeh Ming | TW | Male | V | V | V | V | V | V | V | ||||||||||||
| Luo Ping | China | Male | V | V | V | V | V | V | V | V | |||||||||||
In order to improve corporate governance and strengthen the professional functions of the board of directors, the company's audit committee organizational rules have been formulated to be followed in practice. This committee shall consist of all independent directors, the number of which shall be no less than three, one of whom shall be the convener, and at least one shall have accounting or financial expertise. The audit committee shall perform the following duties and submit its recommendations to the board of directors for discussion:
–Financial Statement Audit and Accounting Policies and Procedures
–Internal control system and related policies and procedures
–Significant asset or derivatives transactions
–Compliance with laws and regulations
–Raise or issue securities
–Information security
–Audit Committee Responsibilities Travel Situation
–Whether managers and directors have related party transactions and possible conflicts of interest
–Corporate risk management
–Fraud prevention plan and fraud investigation report
►The fifth term of office of the Audit Committee : 2023/06/21~2026/06/20
Attendance status of this committee :
►Committee operations:
Summary of communication between the audit committee and the CPAs:
►Summary of communication between the audit committee and the head of internal audit:
–Financial Statement Audit and Accounting Policies and Procedures
–Internal control system and related policies and procedures
–Significant asset or derivatives transactions
–Compliance with laws and regulations
–Raise or issue securities
–Information security
–Audit Committee Responsibilities Travel Situation
–Whether managers and directors have related party transactions and possible conflicts of interest
–Corporate risk management
–Fraud prevention plan and fraud investigation report
►The fifth term of office of the Audit Committee : 2023/06/21~2026/06/20
Attendance status of this committee :
| Position | Name | Actual Attendance | Attendance by Proxy | Actual Attendance Rate | Remark |
| Independent Director | Chen Jinde | 6 | 0 | 100% | ─ |
| Independent Director | Yeh Ming | 6 | 0 | 100% |
─ |
| Independent Director | Luo Ping | 6 | 0 | 100% | ─ |
►Committee operations:
| Meeting Held On | Period | Content of Discussion | Objections of independent directors see, reserve or reiterate Contents of the big proposed project |
Comments from Independent Director | Implementation of Comments from Independent Directors |
| 2023/08/28 | The 1th meeting, 2023, the 5th Term |
Approved the Company's consolidated financial statements for the second quarter of 2023. | None | All directors and independent directors were present and entitled to vote; matters were passed without objection. | Not applicable |
| Approved the funding between companies in the group. | |||||
| 2023/11/13 | The 2th meeting, 2023, the 5th Term |
Appointed the accountant for the Company.. | None | ||
| Modified the audit plan for the year 2022. | |||||
| 2023/12/08 | The 3th meeting, 2023, the 5th Term |
Approved change of the CPA firm. | None | ||
| 2024/03/12 | The 5th meeting, 2024, the 5th Term |
Adopted the 2023 annual business report and un-audited consolidated financial statements. | None | ||
| Approved the "Internal Control System Statement" of the Company. | |||||
| Revised “Regulations Governing the Exercise of Powers by Audit Committees” of the company. | |||||
| Revised “Regulations Governing Procedure for Board of Directors Meetings” of the company. | |||||
| Revised “Regulations for Compliance with the Establishment of Board of Directors and the Board's Exercise of Powers” of the company. | |||||
| 2024/05/08 | The 6th meeting, 2024, the 5th Term |
Approved the profit and loss appropriation statement for the fiscal year 2023. | None | ||
| Approved the consolidated financial statements for the first quarter of 2024. |
Summary of communication between the audit committee and the CPAs:
| Date | Communication focus | Opinions of the Audit Committee and subsequent implementation status |
| 2023/08/28 | The consolidated financial report and internal control review for the second quarter of 2023. | None. |
►Summary of communication between the audit committee and the head of internal audit:
| Date | Communication focus | Opinions of the Audit Committee and subsequent implementation status |
| 2023/03/30 | The consolidated financial report and internal control review for the second quarter of 2023. | None. |
| 2023/05/08 | Audit plan execution status report. | None. |
| 2023/06/09 | Audit plan execution status report. | None. |
| 2023/08/28 | Audit plan execution status report. | None. |
| 2023/11/13 | Audit plan execution status report. | None. |
| 2023/12/08 | Plan to change a CPA firm. | None. |
| 2023/12/21 | Audit plan execution status report; 2024 Annual Audit Plan. | None. |
| 2024/03/12 | Audit plan execution status report; effectiveness of internal control system and issuance of internal control system statement of 2023 | None. |
| 2024/05/10 | The consolidated financial report and internal control review of 2023. | None. |
The company established a salary and remuneration committee on June 23, 2020. The salary and remuneration committee should faithfully perform the relevant powers of the remuneration committee with the attention of a good manager, and submit its suggestions to the board of directors for discussion. The Company's Remuneration Committee is composed of three independent directors. The term of the current (fifth) committee is from June 21, 2023 to June 20, 2026; in addition, the organizational regulations of the Salary and Remuneration Committee were promulgated on November 29, 2011 The board resolution was passed and revised on August 12, 2020.
►This committee held two meetings in 2023 (A). The attendance of members is as follows:
►Regularly review salary and remuneration:
The function of the company's salary and remuneration committee is to evaluate the company's salary and remuneration policies and systems for directors and managers in a professional and objective manner. It meets at least twice a year, and may convene meetings at any time as necessary to make recommendations to the board of directors. for reference in decision-making.
1.The Company’s Salary and Remuneration Committee Responsibilities:
•Regularly review the company's remuneration measures and make suggestions for revisions.
•Formulate and regularly review the policies, systems, standards and structures for the performance and salary remuneration of the company's directors and managers.
•Regularly evaluate the remuneration of the company's directors and managers.
2.When the Salary and Remuneration Committee performs its duties, it shall comply with the following standards:
•Salary management should be consistent with the company's salary philosophy.
•The performance evaluation and salary remuneration of directors and managers should refer to the normal payment situation of peers, and consider the reasonableness of the relationship between individual performance and the company's operating performance and future risks.
•Directors and managers should not be induced to engage in behavior that exceeds the company's risk appetite in pursuit of salary remuneration.
•The proportion of dividends and the timing of partial variable salary payments for directors and senior managers based on their short-term performance should be determined by taking into account the characteristics of the industry and the nature of the company's business.
•Members of this committee are not allowed to participate in discussions and votes on their personal salary and remuneration decisions.
►The current remuneration committee has met to review and evaluate the company’s salary and remuneration information in the past year as follows:
►This committee held two meetings in 2023 (A). The attendance of members is as follows:
| Title | Name | Actual Attendance (Ｂ) |
Attendance via Proxy | Actual Attedance Rate (%) (Ｂ/Ａ)(Remark) |
Remarks |
|---|---|---|---|---|---|
| Committee Chair | Chen Jinde | 2 | 0 | 100% | ─ |
| Committee Chair | Yeh Ming | 2 | 0 | 100% | ─ |
| Committee Member | Luo Ping | 2 | 0 | 100% | ─ |
►Regularly review salary and remuneration:
The function of the company's salary and remuneration committee is to evaluate the company's salary and remuneration policies and systems for directors and managers in a professional and objective manner. It meets at least twice a year, and may convene meetings at any time as necessary to make recommendations to the board of directors. for reference in decision-making.
1.The Company’s Salary and Remuneration Committee Responsibilities:
•Regularly review the company's remuneration measures and make suggestions for revisions.
•Formulate and regularly review the policies, systems, standards and structures for the performance and salary remuneration of the company's directors and managers.
•Regularly evaluate the remuneration of the company's directors and managers.
2.When the Salary and Remuneration Committee performs its duties, it shall comply with the following standards:
•Salary management should be consistent with the company's salary philosophy.
•The performance evaluation and salary remuneration of directors and managers should refer to the normal payment situation of peers, and consider the reasonableness of the relationship between individual performance and the company's operating performance and future risks.
•Directors and managers should not be induced to engage in behavior that exceeds the company's risk appetite in pursuit of salary remuneration.
•The proportion of dividends and the timing of partial variable salary payments for directors and senior managers based on their short-term performance should be determined by taking into account the characteristics of the industry and the nature of the company's business.
•Members of this committee are not allowed to participate in discussions and votes on their personal salary and remuneration decisions.
►The current remuneration committee has met to review and evaluate the company’s salary and remuneration information in the past year as follows:
| Date | Meeting | Resolution situation | The company's intentions for members Seeing |
| December 21, 2023/ (The 1th Meeting of 2023, the 5th Term) |
1. Review the compensation and remuneration for the directors to be implemented by the Company in 2024. 2. Review the salary and remuneration for the managers to be implemented by the Company in 2024. |
After the chairman consulted all the members present, the proposal was passed without objection. | None |
| March 12, 2024/ (The 2th Meeting of 2024, the 5th Term) |
Review the company's 2023 employee and director remuneration distribution and payment methods. |
♦The operation of corporate governance and the deviation from the listed corporate governance practice code and the reasons: Refer to the investor-specific area → important corporate documents → corporate governance operation.
♦Yr2023 Corporate Governance Executive Training:
On November 13, 2023, the Board of Directors of the Company passed the resolution of the Board of Directors to appoint Mr. Pan Zhelun as the Chief Financial Officer to protect the rights and interests of shareholders and strengthen the functions of the Board of Directors. The chief financial officer of Pan Zhelun has more than three years of experience in the management of finance, stock affairs and deliberations in public companies. The main duties of the corporate governance personnel are to provide the directors and supervisors with information necessary for the execution of their business, assist the directors and supervisors in complying with laws and regulations, and handle matters related to the meetings of the board of directors and shareholders' meetings in accordance with the law.
Yr2023 Directors Training:
♦Yr2023 Corporate Governance Executive Training:
On November 13, 2023, the Board of Directors of the Company passed the resolution of the Board of Directors to appoint Mr. Pan Zhelun as the Chief Financial Officer to protect the rights and interests of shareholders and strengthen the functions of the Board of Directors. The chief financial officer of Pan Zhelun has more than three years of experience in the management of finance, stock affairs and deliberations in public companies. The main duties of the corporate governance personnel are to provide the directors and supervisors with information necessary for the execution of their business, assist the directors and supervisors in complying with laws and regulations, and handle matters related to the meetings of the board of directors and shareholders' meetings in accordance with the law.
| Name | Time | Institutional Unit | Course | Study hours |
| Simon POON | 2023/09/21 | Shih Chien University | 2023 New Edition of Corporate Governance and Board of Directors Performance Evaluation Practice Analysis | 3 |
| M & A practice and financial evaluation | 3 | |||
| 2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 | |
| Anti-avoidance policies and measures | 3 | |||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | ||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 |
Yr2023 Directors Training:
| Job Title | Name | Time | Institutional Unit | Course | Study hours |
| Chairman | CHONG Chun Lung | 2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| Director | Chen Honglin |
2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 | ||||
| Director | Tsai Yunglung |
2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 | ||||
| Director | Shiue You-Wei |
2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 | ||||
| Director | Chen Jinde | 2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 | ||||
| Director | Yeh Ming | 2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 | ||||
| Director | Luo Ping | 2023/12/21 | Taiwan Corporate Governance Association | Laws and regulations and tax analysis of foreign funds returning to Taiwan | 3 |
| Anti-avoidance policies and measures | 3 | ||||
| 2023/12/22 | ESG-related legal issues that the board should consider | 3 | |||
| Net Zero Emissions, Carbon Neutrality and Corporate Compliance | 3 |
Internal audit
※In charge of internal audit work
(1)Drafting and implementing the annual audit plan and issuing audit reports on a regular basis
(2)Promotion and review of self-inspection of internal control system
(3)Regular follow-up audit findings and various improvement actions
(4)Regularly report the audit business to the audit committee and the report of the board of directors
(5)Other irregular project audit matters
※Internal Audit Operation Goal
Assist the board of directors and managers to ensure the continuous and effective implementation of the internal control system to achieve the three goals of the internal control system:
(1) Effectiveness and efficiency of operation
(2) Reliability of financial reporting
(3) Compliance with relevant laws and regulations
※Appointment and removal of internal auditors
The appointment and removal of the head of internal audit shall be approved by the audit committee and a resolution of the board of directors shall be submitted.
In accordance with the Code of Practice on Corporate Governance and relevant laws and regulations, the appointment, dismissal, appraisal, and remuneration of internal auditors are signed by the audit supervisor for approval by the chairman of the board. The Code of Practice on Corporate Governance has been disclosed in the corporate governance section of the company's website.
※Communication methods and circumstances between independent directors and internal audit supervisors and accountants：
Please refer to "Operation of the Audit Committee.
※In charge of internal audit work
(1)Drafting and implementing the annual audit plan and issuing audit reports on a regular basis
(2)Promotion and review of self-inspection of internal control system
(3)Regular follow-up audit findings and various improvement actions
(4)Regularly report the audit business to the audit committee and the report of the board of directors
(5)Other irregular project audit matters
※Internal Audit Operation Goal
Assist the board of directors and managers to ensure the continuous and effective implementation of the internal control system to achieve the three goals of the internal control system:
(1) Effectiveness and efficiency of operation
(2) Reliability of financial reporting
(3) Compliance with relevant laws and regulations
※Appointment and removal of internal auditors
The appointment and removal of the head of internal audit shall be approved by the audit committee and a resolution of the board of directors shall be submitted.
In accordance with the Code of Practice on Corporate Governance and relevant laws and regulations, the appointment, dismissal, appraisal, and remuneration of internal auditors are signed by the audit supervisor for approval by the chairman of the board. The Code of Practice on Corporate Governance has been disclosed in the corporate governance section of the company's website.
※Communication methods and circumstances between independent directors and internal audit supervisors and accountants：
Please refer to "Operation of the Audit Committee.
►Stakeholder communication and participation
In the company's operation, stakeholders may be affected by the company's operations, actively influence the company's operators or the company's responsibility and obligation to respond to them, through active and extensive communication with stakeholders, fully understand the stakeholders' concerns and ideas, and make timely responses, will help us continue to improve and grow. Gaining the trust and support of stakeholders is the driving force for Delta's sustainable development.
►Categories of Stakeholders
1.Employees: Current employees and contract employees.
2.Investors: General shareholders and corporate shareholders.
3.Customers: Existing customers and potential customers.
4.Suppliers/Contractors: Existing suppliers, existing suppliers, potential suppliers, and potential suppliers.
5.Community Residents: Neighborhoods, local groups, and local schools.
6.Government Agencies: Local government authorities.
7.Non-profit organizations: Industrial associations, local representatives, environmental groups, labor rights groups, and others.
8.Same Industry.
9.Media: Newspapers, radio stations, magazines, etc.
10.Partner: Business collaborators.
11.Academic Institutions
►Identification and evaluation of key stakeholders
The Company's stakeholders are (1) customers, (2) employees, (3) suppliers/contractors, (4) government agencies, (5) investors and (6) community residents, which are listed as the basis for consideration in the order of communication between the Company and stakeholders.
►Stakeholder communication channels
1.Employee
2.Customer
3.Investor
4.Supplier/Contractor
5.Residents of the Community
6.Government Agencies
In the company's operation, stakeholders may be affected by the company's operations, actively influence the company's operators or the company's responsibility and obligation to respond to them, through active and extensive communication with stakeholders, fully understand the stakeholders' concerns and ideas, and make timely responses, will help us continue to improve and grow. Gaining the trust and support of stakeholders is the driving force for Delta's sustainable development.
►Categories of Stakeholders
1.Employees: Current employees and contract employees.
2.Investors: General shareholders and corporate shareholders.
3.Customers: Existing customers and potential customers.
4.Suppliers/Contractors: Existing suppliers, existing suppliers, potential suppliers, and potential suppliers.
5.Community Residents: Neighborhoods, local groups, and local schools.
6.Government Agencies: Local government authorities.
7.Non-profit organizations: Industrial associations, local representatives, environmental groups, labor rights groups, and others.
8.Same Industry.
9.Media: Newspapers, radio stations, magazines, etc.
10.Partner: Business collaborators.
11.Academic Institutions
►Identification and evaluation of key stakeholders
The Company's stakeholders are (1) customers, (2) employees, (3) suppliers/contractors, (4) government agencies, (5) investors and (6) community residents, which are listed as the basis for consideration in the order of communication between the Company and stakeholders.
►Stakeholder communication channels
| Key Stakeholders | Contact Window |
| Employee | Chief Financial Officer of Golden Apple (China): CHEN Huanzhang |
| Client | Chief Financial Officer of Golden Apple (China): CHEN Huanzhang |
| Investor | Director of Finance: Simon POON |
| Government Agencies | Director of Finance: Simon POON |
| Suppliers/Contractors | Chief Financial Officer of Golden Apple (China): CHEN Huanzhang |
| Residents of the Community | Chief Financial Officer of Golden Apple (China): CHEN Huanzhang |
1.Employee
| Meanings for the Company | Employees are the most important asset of an enterprise and one of the important keys to operational success, so that employees can work with peace of mind, fully demonstrate their expertise, and give full play to their abilities to achieve the company's sustainable business goals. |
| Communication Style and Frequency | Performance Appraisal Interview: Once a year.
Signing of Personal Information Law/Non-Disclosure Agreement: Signed when new employees arrive at the company.
Education and training (professional training, safety training and job training): Held at any time according to the plan.Gender Equality Complaint Mailbox / Employee Complaint Mailbox / Proposal System: Accepted at any time. |
| Focus on the Topic | Recruitment and Retention
Workplace Health and Safety
Industrial Relations
Employee Benefits
|
| The Company Responded | Create a happy workplace, establish complete welfare measures, create a happy and harmonious workplace environment, let employees work with peace of mind, promote employee stability, and reduce the turnover rate. The relevant supervisors of each factory will attend the meeting, communicate face-to-face with the cadres, and also hold member education and training every year, and the trade union members are enthusiastic to participate, so as to build consensus between the two sides and enhance labor-management cooperation. |
| Communicate Effectiveness | Irregularly |
2.Customer
| Meanings for the Company | Customers are important partners in the company's operation and development. Through order execution and product improvement, we provide products that satisfy customers. Customers' quality needs will also affect the company's technology research and development and quality management. |
| Communication Style and Frequency |
Credit loan limit: when needed.
Evaluation by professional institutions: when setting the loan limit. Legal requirements/quality assurance meeting review: once a month. Product briefing: at least once a year. Technical services/customer visits to factories/customers: as needed or irregularly. Execute joint development of customized products: upon request. Company website: Update domestic and foreign product certification information at any time. |
| Focus on the Topic | Product and service quality Technology R & D Operating performance |
| The Company Responded | The company attaches great importance to customers' opinions and suggestions as a reference for internal operation improvement. At the same time, it conducts customer satisfaction surveys on customers at least once a year, takes necessary corrective measures, and proposes review reports in management meetings to provide good customer service and win Gain customers' trust in our company. The company collects information such as market development and customer needs, and develops new and niche products that are environmentally and customer-friendly to meet market and customer needs, improve technology research and development capabilities and company profits. The company conducts quality improvement, performance enhancement, new product development and verification based on product functions and characteristics, and develops high value-added products. We have established long-term strategic partnerships with major raw material suppliers and established safety inventories based on the material preparation schedule to ensure a smooth supply chain and maintain positive profits every year. |
| Communicate Effectiveness | Legal requirements/quality assurance meeting review: irregularly. Customer satisfaction survey: irregularly. Product briefing: irregular. |
3.Investor
| Meanings for the Company | Investors are important supporters of a company's survival and development. Through capital investment and corporate governance supervision, companies can survive and develop sustainably. Investors' social evaluation of the company will affect changes in stock prices. |
| Communication Style and Frequency | Public information observatory: real-time/regular/required updates and disclosures. Regular shareholders meeting: once a year. Corporate governance evaluation: once a year. Company website "Investor Services": anytime. Hold extraordinary shareholders’ meeting: irregularly. |
| Focus on the Topic | Operational performance. Product and service quality. Technology research and development. |
| The Company Responded |
Based on product characteristics, the company conducts quality improvement, new product development and verification, and develops high value-added products. Establish long-term strategic partnerships with major raw material suppliers and establish safety inventories based on the material preparation schedule to ensure a smooth supply chain and maintain positive profits every year.
The company attaches great importance to customers' opinions and suggestions as a reference for internal operation improvement. It conducts customer satisfaction surveys on customers at least once a year, takes necessary corrective measures, and submits review reports in management meetings to provide good customer service. The company collects information such as market development and customer needs, and develops new and niche products that are environmentally and customer-friendly to meet market and customer needs, improve technology research and development capabilities and company profits. |
| Communicate Effectiveness |
Hold regular shareholders' meeting/convene Dharma meeting: once a year.
|
4.Supplier/Contractor
| Meanings for the Company | Excellent suppliers can supply high-quality and stable raw materials. The company hopes to cooperate with manufacturers and work together, focusing on quality, schedule and sustainable management, to jointly complete the assigned tasks. |
| Communication Style and Frequency | Quality exception tracking and review meeting: raised at any time. Visits, interviews, communication review meetings: as needed. Occupational safety and environmental information collection/communication processing records/supplier questionnaires/providing product material information: recorded at any time. |
| Focus on the Topic | Supply chain management Procurement strategy Legal compliance |
| The Company Responded | The company's suppliers are mainly selected as those with credibility or good reputation, qualified suppliers registered with certification agencies, or those with good past supply quality or delivery records. In order to develop sustainable operations, we conduct assessments on suppliers and contractors every year to reduce and prevent potential risks. The procurement strategy prioritizes signing fixed contracts with local suppliers to maintain stable supply quality. “Supplier Sustainable Development Commitment Letter” has been drawn up for long-term raw material suppliers. |
| Communicate Effectiveness | Evaluate suppliers regularly. |
5.Residents of the Community
| Meanings for the Company | Adhering to the spirit of taking from the society and using it back to the community, we spare no effort to care for our neighbors, local groups and local schools, so as to maintain friendly relations and prosper the local economy. |
| Communication Style and Frequency | Company website: Disclosed at any time Visit local groups/moderately sponsor local activity funds: irregularly. Telephone contact or visit: irregular |
| Focus on the Topic | Air pollution control Waste management Environmental Impact Complaint Mechanism |
| The Company Responded | The company continues to reduce pollutant emissions and strictly controls the quality of factory flue gas emissions. We continue to strive to reduce the impact of waste discharged on environmental pollution and human health, and entrust legal manufacturers to clean up the waste, so that the waste proper treatment rate reaches 100%. External units can submit environmental, safety and health-related complaints by phone, verbally or in writing. |
| Communicate Effectiveness | Occasional community visits. |
6.Government Agencies
| Meanings for the Company | Government agencies are an important indicator of enterprise development and market expansion. Following and responding to the laws and regulations of government agencies are the basic principles of enterprise operations. |
| Communication Style and Frequency | Publicity symposiums, public hearings, etc. of relevant government departments: official correspondence, announcements, irregular participation. Public Information Observatory: Disclosure in accordance with regulations. |
| Focus on the Topic | Legal compliance Energy consumption and management Air pollution control Waste management |
| The Company Responded | Check the latest regulatory information from time to time. In line with the government's latest energy management policies, we implement energy conservation and carbon reduction plans and build a planned energy management system. Operate in compliance with laws and regulations, report and record in accordance with the law, and implement inspections and patrols of air pollution control facilities and measures. Dispose of waste properly. |
| Communicate Effectiveness |
Exchange official documents with relevant government departments from time to time.
|
The General Manager’s Office is the company’s part-time unit that promotes corporate integrity management. It reported to the Board of Directors on March 12, 2024, the implementation status for 2023 as follows:
| Item | Specific implementation status | |
| Supplier relations | Develop supplier management measures. | No reports of violations of supplier management were received in 2023. |
| In accordance with the Company's Code of Integrity Management, contracts signed with suppliers or other business dealing partners should include compliance with the Integrity Management Policy. | ||
| Legal propaganda/ Education and training |
Disclose the company’s code of integrity management on the company website. | No relevant reports were received in 2023. |
※Employee Benefits
(1) Employee welfare measures
Talents are the company's most cherished important asset. We carefully cultivate, cherish and care for every colleague, so that they can achieve balanced development in work, life and leisure.
Talents are the company's most cherished important asset. We carefully cultivate, cherish and care for every colleague, so that they can achieve balanced development in work, life and leisure.
The company hopes that all colleagues can understand the company's daily behavior as quickly as possible, work and live more happily, and improve the quality of each of our members in accordance with the requirements of the regulations.
The company hopes that all colleagues can understand the company's daily behavior as quickly as possible, work and live more happily, and improve the quality of each of our members in accordance with the requirements of the regulations.
All colleagues in the company, regardless of age, position, or gender, have the obligation and responsibility to maintain the dignity of all colleagues and ensure full implementation.
All colleagues in the company, regardless of age, position, or gender, have the obligation and responsibility to maintain the dignity of all colleagues and ensure full implementation.
Employees’ rights are as follows:
A. Equal employment.
B. Get paid according to work.
C. Enjoy the right to rest and vacation in accordance with company regulations.
D. Enjoy labor safety, sanitation and protection rights.
E. The right to participate in learning and training.
F. The right to appeal in a reasonable way regarding unreasonable handling by the supervisor.
F. Have the right to appeal in a reasonable way regarding unreasonable handling of matters by the supervisor.
G. Provide social insurance and housing provident fund for employees.
H. Hold birthday parties regularly and give out birthday gifts.
I. Organize major festivals and celebrations.
J. Provide staff accommodation.
(2)Staff further education and training
Talent is the company's most important core competitiveness, and continuous education and training can motivate employees' personal potential, enhance employee knowledge, enable effective use of human resources, and thereby improve the company's overall operating performance and achieve the company's operating goals. The measures to implement the staff training policy are as follows: A. Training for new recruits: After the new recruits come to our company, they are guided by an exclusive instructor. In addition to familiarizing the new recruits with the working environment, they also strengthen their recognition and understanding of the company. Various departments also plan basic training courses for new recruits to help new recruits learn relevant knowledge about work. It includes company profile, company organizational structure, employee handbook, environmental protection knowledge, quality and environmental policy and company rules and regulations, production safety and health and other knowledge training. B. On-the-job training: The company formulates a public course plan for the next year at the end of each year. The plan is planned by the company or various departments for internal training tasks. The internal training courses can be taught by internal lecturers, such as the use of lifts and sewing machines. Proper use and safety of electricity in the molding workshop, etc., to ensure that employees use working machines correctly, effectively improve work efficiency and prevent occupational injuries.
C. Management training: The company arranges various management skills training for each level of executives according to their characteristics, and establishes a team's common vision and business consensus.
The management courses include social responsibility policies, goals and SA8000 management rules, management procedures and hazard identification and control, and cultivate their personal leadership style, establish management capabilities and maintain employee safety.
(3) Retirement system and its implementation status
The company's operating entity, Golden Apple (China) Co., Ltd., is mainly responsible for withdrawing pensions to the special accounts of the local government's financial department on a monthly basis in accordance with the "Regulations on Basic Pension Insurance for Enterprise Employees" of the country where it operates.
(4) Agreement between labor and management
The company has always attached importance to the rights and interests of employees and harmonious labor-management relations. With the company's emphasis on employee opinions, employees can directly communicate with the human resources department or appropriate senior supervisors to maintain good relationships. Therefore, no major labor disputes have occurred so far.
(5) Various employee rights protection measures
The company has an internal control system and various management measures, which clearly specify the rights and obligations of employees and welfare items, and regularly reviews the content of benefits to protect the rights and interests of employees.
※Protection measures for the working environment and personal safety of employees
The company believes that only physically and mentally healthy employees can create efficient and high-quality work performance, and is therefore committed to providing a safe and healthy working environment for employees. In terms of work safety, the company conducts corporate safety management based on the safety production standardization of the manufacturing industry, formulates a complete safety management system, identifies and investigates dangerous and harmful factors, actively takes essential technical measures, and through continuous education, training and publicity Guide, develop employees' emergency response capabilities and safety concepts, strengthen employees' cognitive abilities, establish a work-related injury prevention and tracking system, and create a safe working environment, in order to reduce the probability of accidents in the working environment and reduce the impact on company assets and employee safety adverse effects. Invest in improving the die-casting and surface treatment production lines, replacing some manual operations with machinery to reduce the possible impact on employees' health during the production process.
(1) Employee welfare measures
Talents are the company's most cherished important asset. We carefully cultivate, cherish and care for every colleague, so that they can achieve balanced development in work, life and leisure.
Talents are the company's most cherished important asset. We carefully cultivate, cherish and care for every colleague, so that they can achieve balanced development in work, life and leisure.
The company hopes that all colleagues can understand the company's daily behavior as quickly as possible, work and live more happily, and improve the quality of each of our members in accordance with the requirements of the regulations.
The company hopes that all colleagues can understand the company's daily behavior as quickly as possible, work and live more happily, and improve the quality of each of our members in accordance with the requirements of the regulations.
All colleagues in the company, regardless of age, position, or gender, have the obligation and responsibility to maintain the dignity of all colleagues and ensure full implementation.
All colleagues in the company, regardless of age, position, or gender, have the obligation and responsibility to maintain the dignity of all colleagues and ensure full implementation.
Employees’ rights are as follows:
A. Equal employment.
B. Get paid according to work.
C. Enjoy the right to rest and vacation in accordance with company regulations.
D. Enjoy labor safety, sanitation and protection rights.
E. The right to participate in learning and training.
F. The right to appeal in a reasonable way regarding unreasonable handling by the supervisor.
F. Have the right to appeal in a reasonable way regarding unreasonable handling of matters by the supervisor.
G. Provide social insurance and housing provident fund for employees.
H. Hold birthday parties regularly and give out birthday gifts.
I. Organize major festivals and celebrations.
J. Provide staff accommodation.
(2)Staff further education and training
Talent is the company's most important core competitiveness, and continuous education and training can motivate employees' personal potential, enhance employee knowledge, enable effective use of human resources, and thereby improve the company's overall operating performance and achieve the company's operating goals. The measures to implement the staff training policy are as follows: A. Training for new recruits: After the new recruits come to our company, they are guided by an exclusive instructor. In addition to familiarizing the new recruits with the working environment, they also strengthen their recognition and understanding of the company. Various departments also plan basic training courses for new recruits to help new recruits learn relevant knowledge about work. It includes company profile, company organizational structure, employee handbook, environmental protection knowledge, quality and environmental policy and company rules and regulations, production safety and health and other knowledge training. B. On-the-job training: The company formulates a public course plan for the next year at the end of each year. The plan is planned by the company or various departments for internal training tasks. The internal training courses can be taught by internal lecturers, such as the use of lifts and sewing machines. Proper use and safety of electricity in the molding workshop, etc., to ensure that employees use working machines correctly, effectively improve work efficiency and prevent occupational injuries.
C. Management training: The company arranges various management skills training for each level of executives according to their characteristics, and establishes a team's common vision and business consensus.
The management courses include social responsibility policies, goals and SA8000 management rules, management procedures and hazard identification and control, and cultivate their personal leadership style, establish management capabilities and maintain employee safety.
(3) Retirement system and its implementation status
The company's operating entity, Golden Apple (China) Co., Ltd., is mainly responsible for withdrawing pensions to the special accounts of the local government's financial department on a monthly basis in accordance with the "Regulations on Basic Pension Insurance for Enterprise Employees" of the country where it operates.
(4) Agreement between labor and management
The company has always attached importance to the rights and interests of employees and harmonious labor-management relations. With the company's emphasis on employee opinions, employees can directly communicate with the human resources department or appropriate senior supervisors to maintain good relationships. Therefore, no major labor disputes have occurred so far.
(5) Various employee rights protection measures
The company has an internal control system and various management measures, which clearly specify the rights and obligations of employees and welfare items, and regularly reviews the content of benefits to protect the rights and interests of employees.
※Protection measures for the working environment and personal safety of employees
The company believes that only physically and mentally healthy employees can create efficient and high-quality work performance, and is therefore committed to providing a safe and healthy working environment for employees. In terms of work safety, the company conducts corporate safety management based on the safety production standardization of the manufacturing industry, formulates a complete safety management system, identifies and investigates dangerous and harmful factors, actively takes essential technical measures, and through continuous education, training and publicity Guide, develop employees' emergency response capabilities and safety concepts, strengthen employees' cognitive abilities, establish a work-related injury prevention and tracking system, and create a safe working environment, in order to reduce the probability of accidents in the working environment and reduce the impact on company assets and employee safety adverse effects. Invest in improving the die-casting and surface treatment production lines, replacing some manual operations with machinery to reduce the possible impact on employees' health during the production process.
►Information security management strategies and policies:
Please refer to the Investor Relations → Important Company Documents → Information Security Inspection".
►Major information security incidents:
The company's general manager's office is a unit responsible for information security. In 2023, it conducted a self-examination on the current system information security management. The evaluation result is that it is safe and sufficient to protect the company's various information security.
Please refer to the Investor Relations → Important Company Documents → Information Security Inspection".
►Major information security incidents:
The company's general manager's office is a unit responsible for information security. In 2023, it conducted a self-examination on the current system information security management. The evaluation result is that it is safe and sufficient to protect the company's various information security.
For important company regulations, please refer to: Investor Relations → Important company documents.