Flat Glass Group updates investment and internal audit frameworks

Flat Glass Group Co., Ltd. (the "Company") has introduced its new "Outward Investment Management System," superseding its previous "Investment Management System." This updated policy aims to standardize the Company's investment activities, establish risk control mechanisms, and ensure scientific, democratic decision-making to optimize investment structure and returns. The system outlines various investment types, including establishing new entities, joint ventures, acquisitions, and financial product investments, and specifies approval thresholds for transactions requiring Board or Shareholder review, with certain transactions exempt from shareholder approval under specific conditions.

Concurrently, the Company has unveiled its "Internal Audit System," designed to regulate internal audit work, establish a robust oversight system, and clarify responsibilities for audit quality and efficiency. This new system details the responsibilities of the internal audit department, including financial and internal control audits, as well as special audits, emphasizing independence, objectivity, and confidentiality. It also outlines the audit procedures, from planning to reporting and follow-up on audit findings.