Governance at a Glance

Within our corporate governance structure, specialized committees play a vital role in overseeing key aspects of our operations. These committees are composed of experienced professionals dedicated to ensuring transparency, accountability, and strategic alignment with our organizational goals.

Audit Committee

Founded in 2018, the Audit Committee at Flytech is composed of independent directors who bring diverse expertise in electrical engineering, finance, and marketing management. Proficient in legal regulations and the duties of company directors, they ensure strict adherence to operational protocols as outlined in our Audit Committee Organization Rules. Tasked with assisting the board in overseeing the quality and integrity of accounting, auditing, financial reporting procedures, and financial controls, the committee serves a critical role in maintaining transparency and accountability throughout our organization.

Compensation Committee

Flytech has established a Compensation Committee, chaired by an independent director. The committee comprises three highly educated professionals with expertise in electrical engineering, finance, and marketing management. Operations adhere to the company's Remuneration Committee Organizational Provisions

The committee reports to the Board of Directors and submits recommendations for further discussion. Its key functions include:

• Establishing and regularly reviewing policies, systems, standards, and structures for the performance and remuneration of directors, supervisors, and managers.
• Evaluating and determining the remuneration of directors, supervisors, and managers on a regular basis.

The committee operates based on the following principles:

• Performance evaluations and remuneration should align with industry standards, considering individual and company performance and associated risks.
• Remuneration decisions should not incentivize managers to exceed the company's risk tolerance level.
• When determining short-term performance bonuses and payment timing of variable salaries, industry characteristics and departmental operations should be considered.