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

To enhance the oversight of audit, financial, and operational processes, Flytech established the Audit Committee in 2018, composed entirely of independent directors. Leveraging their deep expertise in electrical engineering, finance, and market management, committee members are well-versed in legal regulations and directorial responsibilities. Operating strictly under the Audit Committee Charter, the committee assists the Board in monitoring the integrity of accounting, auditing, and financial reporting, playing a pivotal role in maintaining organizational transparency and accountability.

Compensation Committee

Flytech has established a Compensation Committee, chaired by an independent director. The committee consists of three professionals with extensive expertise in electrical engineering, finance, and marketing management, operating in strict accordance with the Remuneration Committee Charter. The committee reports to the Board of Directors and provides recommendations for further deliberation.

Key Functions:

• Establishing and regularly reviewing performance evaluation and remuneration policies, systems, standards, and structures for directors and managers.
• Regularly evaluating and determining the remuneration of directors and managers.

Operating Principles:

• Performance evaluations and remuneration should align with industry standards, considering both individual and company performance alongside associated risks.
• Remuneration decisions must not incentivize managers to exceed the company’s risk tolerance level.
• The determination of short-term performance bonuses and variable salary timing should reflect industry characteristics and operational needs.

ESG Sustainability Committee

Flytech has maintained a dedicated committee for corporate responsibility under the Board of Directors for many years, officially renaming it the ESG Sustainability Committee in 2022. The committee is chaired by the Chairman, with the President serving as the lead member. Its membership includes top executives from our four primary centers, namely Corporate Management, R&D, Manufacturing, and Marketing, as well as representatives from the Flytech Foundation. The committee oversees subgroup operations and resource allocation, while the ESG Execution Office ensures the effective implementation and tracking of all initiatives.