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      1. Risk management
        Policy and Commitment
        We will continue to strengthen our financial structure with the concept of sustainable management to create a stable and growing company and to ensure that the company continues to meet financial, market, and regulatory requirements. We will continue to strengthen our risk management mechanism and build a firewall of risk mitigation to continuously reduce our exposure to risk.
         
        Goal
        Strengthen liquidity risk management, exchange rate risk management, and human risk management.
         
        Specific Actions
        According to each risk attribute, regular reports on exposure status and countermeasures are made, a total of 8 risk items are proposed, and the responsible units are responsible formanaging and implementing countermeasures respectively.
         
        Operating situation
        The Company has approved “Corporate Risk Management Policies” in 2021, and the risk management assessment were briefed to the board of directors’ meeting every year. The recent assessment was submitted to the board on Dec 23, 2021.

        Specific (or part-time) unit set up to promote risk management: Legal Affairs and Legal Compliance Office
         
        Evaluation Mechanism
        Interest and Currency Exchange Risk
        Authority: Finance Department
        There is a dedicated staff to conduct exchange rate hedging for the company's monthly receipts and payments, and the weight of hedging will be determined by the dedicated staff and relevant senior executives based on the prevailing exchange rate. CMMT is a conservative and stable hedging product that hedges only the physical parts of the company.
         
        Industry Change Risk
        Authority: Planning Department
        CMMT's upstream and downstream suppliers are mostly listed companies, so the Planning Office will compile and analyze the quarterly financial reports and report them in the executive meeting room. At the same time, we regularly track industry news and research information in order to provide the management with the latest industry dynamics and changes, and make the most appropriate decisions.
         
        Credit Risk
        Authority: Finance Department and Planning Department
        The Finance Department sets credit terms for customers according to their financial status and credit rating, regularly reviews the status of accounts receivable collection and collection operations, and works with the Planning Office to analyze the operating conditions of industries and customers to reduce the risk of bad debts.
         
        Disruption of Operations and Property Damage due to Natural Disasters
        Authority: Finance Department and Disaster Prevention Department
        In order to avoid the risk of natural disasters or accidents that may cause damage to the company's property and interruption of operations, we purchase insurance to transfer the related risks. In case of natural disasters such as typhoons and earthquakes, the commanding officer will quickly deploy emergency response manpower to reduce disaster losses through rapid inventory, control and containment of the disaster area.
         
        Liquidity Risk
        Authority: Finance Department
        In order to maintain liquidity and ensure smooth capital flow, CMMT continues to expand its long-term and short-term financing channels to diversify its capital sources and strengthen its capital structure with capital market financing tools at the appropriate time.
         
        Information Security Risk
        Authority: Information Department
        CMMT is committed to protecting the confidential information and intellectual property of the company and its stakeholders to ensure the interests of the company, its customers, employees and all shareholders, and to maintain the company's competitiveness. CMMT has an isolated network and regularly educates employees on information security related information and measures to prevent external parties from stealing or photographing company information.
         
        Human Resource Risk
        Authority: Human Resource Department
        Due to decreasing fertility rate in Taiwan, the supply of manpower in the manufacturing industry continues to decline and faces difficulties in recruiting workers. In addition to reviewing the salary structure and improving employee benefits, CMMT has started to bring in foreign workers to fill the labor gap.
         
        Industrial Safety and Environmental Risks
        Authority: Industrial Safety Department, Plant Management Affair
        Environment, safety and hygiene are issues of great concern to CMMT. We have been continuously reducing the environmental impact caused by production since the establishment of our factory. We also provide a safe and low-pollution working environment for our employees.
        In recent years, we have established water and power saving facilities, and we have invested in waste treatment and water discharge, and we are striving to become an environmentally friendly company.
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