Diversity of Board Members

GeneFerm has formulated the "Corporate Governance Best Practice Principles" on March 21, 2017. It has been clearly stated that the composition of the board of directors should consider diversity. In addition to the number of directors who concurrently serve as company managers could not more than one-third of the directors' seats, and an appropriate diversification policy is formulated according to the company's operation, business and development needs. The members of the board of directors should have the knowledge, skills, and literacy-related to performing their duties in terms of operational judgment, accounting and financial analysis, operational management, crisis management, industrial knowledge, international market vision, leadership, and decision-making capabilities.
Regarding the gender of board members, the company's current directors include 3 female directors(33.33%) and 6 male directors(66.67%).
Regarding the ability to perform duties, there are two directors who are practicing accountants and practicing lawyers. Other directors have many years of experience in industrial professional competence, management and decision-making, financial accounting experience, etc., with considerable international vision, leadership, and crisis management capabilities. The composition of the current board members of the company has gradually implemented the diversification goal.
Resume of current directors

The company has an audit committee composed of all independent directors. The company’s internal audit supervisor regularly communicates with the audit committee members on the audit report results and makes internal audit reports at quarterly audit committee meetings. In addition, the company’s certified accountant reports on quarterly audit or review of the financial statements at quarterly audit committee meetings, and other communication matters required by relevant laws and regulations. If there are special circumstances, the company's internal audit supervisor and certified accountant will also immediately report to the audit committee members. The company's audit committee members (independent directors) have good communication with the internal audit supervisor and certified accountants.

2019 communication matters

Meeting date (period)	Communicate matters with the internal audit supervisor	Communication matters with visa accountants
2019.01.18 (2019 First regular meeting)	◎ Review internal audit report ◎ Review and revise policies and procedures related to internal control system
2019.03.21 (2019 Second regular meeting)	◎ Review internal audit report ◎ Review the 2018 internal control system statement ◎ Review and revise policies and procedures related to internal control system	◎ Discuss the review of individual financial reports and consolidated financial reports in 2018
2019.05.07 (2019 Third regular meeting)	◎ Review internal audit report	◎ Discuss the review of the financial report in the first quarter of 2019
2019.08.09 (2019 Fourth regular meeting)	◎Review internal audit report	◎ Discuss the review of the financial report in the second quarter of 2019
2019.11.07 (2019 Fifth regular meeting)	◎ Review internal audit report ◎ Review the 2020 internal audit plan	◎ Discuss the review of the financial report in the third quarter of 2019

Result: The above matters have been reviewed or approved by the audit committee, and independent directors have no objections.

Implement corporate governance

The company has formulated a corporate governance code of practice under the "Code of Practice for Corporate Governance for Listed Companies", and has established an audit committee and a compensation committee under the authorization of the board of directors to assist the board of directors in performing their supervisory duties. These two committees are entirely composed of three independent directors. The company will follow laws and regulations, improve operational transparency, implement corporate governance, and further protect the rights and interests of investors and other interested parties.

Pursue quality and safety

GeneFerm adheres to the concept of "cleanliness, product safety, and customer satisfaction", and makes the strictest quality control for each product, establishes a customer-oriented management system and business philosophy, and upholds integrity, professionalism, and innovation. Create a wholesome life for people, provide a trustworthy health commitment, and achieve the goal of sustainable business.

Environment-friendly and sustainable operation

Our company actively cooperates with the authorities to promote various environmental protection policies, gradually replaces and renews old equipment to effectively reduce pollution emissions, promotes energy-saving and carbon-reduction concepts, waste reduction, and resource recycling and classification measures to colleagues, and work together actively towards a low-carbon economy and society.

Human-oriented principle and healthy workplace

GeneFerm adheres to the human-oriented principle, focuses on employee relations, treats employees as family members, cares for employees, provides employees with a safe and healthy working environment. Also, GeneFerm plans diversified training courses and encourages employees to learn by themselves, so that employees can work steadily and stably growing up.

Social participation

GeneFerm is devoted to helping and caring for the disadvantaged groups. The company rewards and subsidizes students from poor families, and hopes to help others in need, show love and help people in need, implement the concept of planting good deeds, and create a win-win situation of self-interest and altruism so that we can live in the society more beautiful and peaceful.

Employee welfare measures

Annual gifts (cash) for the Spring Festival, Dragon Boat Festival, and Mid-Autumn Festival. Offers employee travel, labor and health insurance, and group insurance, provides relative employee compensation according to the company’s operating results and the provisions of the articles of association. Also include wedding gifts, birth gifts, and funeral consolation money. Hospital condolences, public injury and sick leave, emergency relief, retirement gifts, year-end lottery, distribution of health food, etc.

Employee safety and working environment

The company has set up a "Safety and Hygiene Work Code" to regularly review and maintain the safety and health of the work environment, and is committed to improving the work safety and health of employees, to reduce the hazards of the work environment to the safety and health of employees; and provide employees with a regular health examination annually.

Retirement system and implementation

According to relevant regulations, the company allocated no less than 6% of the monthly salary to the employee’s pension account to protect the employee’s life after retirement.

Status of labor-management agreements and various employee rights protection measures

GeneFerm values the opinions of employees. The opinions of employees are communicated and coordinated through channels and employees’ suggestions are widely accepted. Also, various work meetings are convened in real-time to communicate the work, manpower, schedule, and other configuration issues of each unit according to actual needs, so that employees can understand company policies promptly. Therefore, since the establishment of the company, there has been no major litigation and dispute.