Translation:

The establishment and status of the Supervisory Committee within the International Link Pass Trading Center are as follows:

Establishment:

National Supervisory Committee: The International Link Pass Trading Center establishes a National Supervisory Committee, responsible for supervising and overseeing the operations of the trading center nationwide. The National Supervisory Committee is composed of shareholders holding 1% equity and its members are elected by shareholders of various national service agencies.

Local Supervisory Committees: The International Link Pass Trading Center establishes Local Supervisory Committees in the service regions of the host countries, responsible for supervising and overseeing the operations of the trading center within their respective administrative regions. The Local Supervisory Committees are composed of shareholders holding 1% equity from each national service agency.

Status:

The Supervisory Committee is an independent supervisory body within the International Link Pass Trading Center. It serves as an important oversight and accountability institution, responsible for supervising the operations of the trading center and ensuring compliance with relevant regulations and laws.

Authorities:

The primary responsibilities of the Supervisory Committee include overseeing and supervising the implementation and management of the trading center's operations. Specific authorities include, but are not limited to:

Supervising the implementation and management of operations at the local level and providing opinions and suggestions.

Having the authority to propose dismissals and hold accountable inappropriate management personnel.

Participating in financial accounting and auditing work at the local level to ensure the compliance and transparency of financial activities.

Participating in monthly listing review meetings to examine and evaluate listing projects.

Representing trading members to provide reasonable suggestions to local service agencies and professional institutions to promote improvements and development of the trading center.

The importance of the establishment and status of the Supervisory Committee within the trading center lies in enhancing transparency and compliance. Through the supervision and oversight of the Supervisory Committee, the operations of the trading center can be ensured to comply with regulations, and any violations can be promptly identified and corrected, thereby maintaining a healthy and stable trading market. The Supervisory Committee plays a crucial role in the management structure of the trading center by providing important supervision and safeguards.