Remuneration
Committee

The 6th Members of Remuneration Committee

    ◆Date of Incorporation：Nov  28, 2021  

    ◆Term：June 12, 2026 to June 11, 2029

    ◆Attendance of Members at Remuneration Committee Meetings：

      The functions of the Committee are to professionally and objectively evaluate the policies and systems for        compensation of the directors and managerial officers of this Corporation, and submit

      recommendations to the board of directors for its reference in decision making.

      The number of committee members shall not be less than 3 ,and more than half of the members shall be

      independent directors, and all members shall elect independent directors  as convener and chairman

      of the

 meeting.Meetings of the Committee shall be held at least 2 times a year.

      In convening a meeting of the Committee, a notice setting forth the subjects to be discussed at the

      meeting shall be given to each member at least 7 days in advance. In emergency circumstances, however,

      the meeting may be convened on shorter notice. The attendance record of the Remuneration Committee

      members disclosure on annaul report. 

       1.  Periodically reviewing this Charter and making recommendations for amendments.

       2.  Establishing and periodically reviewing the performance assessment standards, annual and long-term

            performance goals, and the policies, systems, standards, and structure for the compensation of the

            directors, supervisors, and managerial officers of this Corporation, and disclose the contents of the

            performance assessment standards in the annual report.

       3.  Periodically assessing the degree to which performance goals for the directors, supervisors,

            and managerial officers of this Corporation have been achieved, setting the types and amounts of their

            individual compensation based on the results of the reviews conducted in accordance with the

            performance assessment standards. The annual report shall disclose the results of the individual

            performance assessments of the directors, supervisors and managerial officers and the connection

            between and reasonableness of the contents and amounts of their individual compensation

            and performance assessment results, and making a

 report at a shareholders' meeting.

      1.  Ensuring that the compensation arrangements of this Corporation comply with applicable laws and

           regulations and are sufficient to recruit outstanding talent. 

      2.  Performance assessments and compensation levels of directors, supervisors, and managerial officers

           shall take into account the general pay levels in the industry, individual performance assessment results,

           the time spent by the individual and their responsibilities, the extent of goal achievement, their

           performance in other positions, and the compensation paid to employees holding equivalent positions

           in recent years. Also to be evaluated are the reasonableness of the correlation between the individual's

           performance and this Corporation's operational performance and future risk exposure, with respect to

           the achievement of short-term and long-term business goals and the financial position of this

           Corporation.

      3.  There shall be no incentive for the directors or managerial officers to pursue compensation by engaging

           in

 activities that exceed the tolerable risk level of this Corporation.

      4.  For directors and senior managerial officers, the percentage of remuneration to be distributed based on

           their short-term performance and the time for payment of any variable compensation shall be decided

           with

 regard to the characteristics of the industry and the nature of this Corporation's business.

      5.  Reasonableness shall be taken into account when the contents and amounts of the compensation of

           the directors, supervisors, and managerial officers are set. It is not advisable for decisions on the

           compensation of the directors, supervisors, and managerial officers to run contrary to financial

           performance to a material extent. It is not advisable for said compensation to be higher than that in the

           preceding year in the event of a material decline in profits or of long-term losses. If it is still higher than

           that in the preceding year, the reasonableness shall be explained in the annual report and reported at

           a shareholders' meeting.

     6.  No member of the Committee may participate in discussion and voting when the Committee is deciding

          on

 that member's individual compensation.

Remuneration Committee Operations in the Year 2020

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