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Generalplus Technology Inc.

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Investor - Corporate Governance

Generalplus | Investor | Corporate Governance

Corporate Governance



Corporate Structure

Board of Directors

Responsibilities of the Board of Directors

The board of directors shall guide the company's strategy, supervise the management, be responsible to the company and shareholders, and ensure that the board of directors exercises its functions and powers in accordance with laws and regulations, the company's articles of association or the resolutions of the shareholders' meeting.


Board Members

Chou-Chye Huang (Sunplus Technology Co., Ltd., Representative of Legal Entity)
Director

Mr. Chou-Chye Huang, who holds a master's degree from the Institute of Electrical Engineering of National Tsinghua University, serves as the chairman of our Company. Mr. Chou-Chye Huang founded Sunplus Technology Co., Ltd. in year 1990, and has been the chairman of Sunplus Technology Co., Ltd. and its subsidiaries till now. He currently serves as the director of several companies including iCatch Technology Inc., Global View Co., Ltd., AkiraNET, etc. Prior to that, Mr. Chou-Chye Huang served as the vice-president of SiS Corp. from year 1987 to 1990, and the project leader of the Institute of Electronics, Industrial Technology Research Institute from year 1981 to 1987.

Wei-Heng Shan (Sunplus Technology Co., Ltd., Representative of Legal Entity)
Director

Mr. Wei-Heng Shan holds a bachelor's degree in law from FuJen Catholic University. He served as the director of the Company since May 2022. Before that, Mr. Wei-Heng Shan served successively as the head of the legal affairs department and the vice president of the sales department of Sunplus Technology Co., Ltd. from year 2005 to 2011. From year 2012 to 2016, he served as the consultant of Dolby Laboratories Inc., Asia-Pacific region.

Kevin Chia
Director

Mr. Kevin Chia holds a master's degree from the Institute of Computer Science and Information Engineering, National Cheng Kung University. He served as the director of the Company since May 2022. Before that, Mr. Kevin Chia worked as a software engineer in Winbond Electronics Co., Ltd. from year 1997 to 1998. From year 1998 to 2006, he served as the sales engineer, sales manager and sales director of Sunplus Technology Co., Ltd. From year 2006 to 2020, he successively served as the senior director of marketing planning department, the senior director of the division II of sales department and acting spokesperson, and the vice president of the global sales and marketing planning center of Generalplus Technology Co., Ltd. Currently, he is also the President of Generalplus Technology Co., Ltd.

Shi-Hao Liu
Director

Mr. Shi-Hao Liu holds a master's degree from the Department of Finance of National Taiwan University. He has been a director of the Company since June 2013. Before that, during year 2010 and 2017, Mr. Shi-Hao Liu served as the supervisor and director of DFI Inc. and the chairman of Opulence Optronics Co., Ltd. During year 2011and 2020, he served as the chairman of EMPIRE VISION OPTICAL CO., LTD., the director of Fuli Management Consulting Co., Ltd., and the chairman of Unicon Optical Co., Ltd. Currently, he is the chairman of Fuhan Investment Co., Ltd. and the independent director of Advanced Optoelectronic Technology, Inc.

Chia-Ming Chai
Independent Director

Ms. Chia-Ming Chai holds a master's degree from the Law Institute of the University of Washington in the United States. She is qualified as a lawyer and has more than 25 years of experience in legal affairs. She has been an independent director, remuneration committee and audit committee of the Company since November 2010. Before that, during year 1993 and 2010, Ms. Chia-Ming Chai served as the lawyer of Chen Shyuu & Pun Law Offices, the senior lawyer of Chen & Lin Attorneys-at-Law, the legal manager of Taiwan Yum KFC Co., Ltd., and the director of TAIT MARKETING & DISTRIBUTION CO., LTD. She is currently the vice president of international and legal affairs of Uni-President Enterprise Co., Ltd., the director of several subsidiaries of Uni-President Group, the supervisor of icash Co., Ltd., and the director of Grand Bills Finance Corp.

Nai-Shin Lai
Independent Director

Mr. Nai-Shin Lai holds a bachelor's degree in business administration from National Taiwan University and possesses over 25 years of professional experience in researching the development trends of the electronics and semiconductor industries. He has been an independent director, remuneration committee and audit committee of the Company since November 2010. Before that, Mr. Nai-Shin Lai served as a researcher for the electronics industry and the deputy manager of the proprietary trading department in Masterlink Securities Inc. from September 1995 to September 2000. From October 2000 to September 2002, he served as the head of the proprietary trading department of Chung Hsing Securities Corporation. From October 2002 to May 2005, he served as the manager of the proprietary trading department of Barits Securities Corporation. From May 2005 to May 2008, he was the fund manager of Wharton Taiwan Fund in Wharton Asset Management Co., Ltd. From May 2008 to December 2014, he served as the vice president of FINE ACE ASSET MANAGEMENT CO., LTD. At present, he is serving as the supervisor of BE Epitaxy Semiconductor Technology Co., Ltd.

Ching-Ming Chen
Independent Director

Mr. Ching-Ming Chen holds a bachelor's degree from Accounting Department of Chinese Culture University, and possesses the professional qualification of CPA. He has worked as an accountant for over 25 years. Since April 2011, he has served as the independent director, audit committee and remuneration committee of the Company. Before that, during year 1991 and 2000, Mr. Ching-Ming Chen served as the accountant of Rong Cong United Certified Public Accounting Firm, the accounting manager of Daba Electronics Co., Ltd., and the financial manager of Tze Shin Transportation and Storage Co., Ltd. From February 2000 to December 2009, he served as a partner accountant of Chenghe United Accounting Firm. During June 2006 and January 2014, he served as the supervisor of Huanglong Development Co., Ltd., the independent director of Team Yang Technology Co., Ltd., the accountant of Deming Accounting Firm, the supervisor of ADVANCED-TEK SYSTEMS Co. Ltd., and the supervisor of Sysgration Ltd. Currently, he is an accountant of Trustworthy United Certified Public Accounting Firm, the supervisor of VENTEC ELECTRONICS CORPORATION, the independent director and remuneration committee of Radiant Innovation Inc., the independent director of D-Link Corporation, and the independent director of ADVANCED WIRELESS & ANTENNA INC.

Implementation of the Board’s Diversity Policy

The Company's directors possess various professional backgrounds including industry experience, finance, accounting, legal, etc. We place emphasis on the director's industry experience and set the target rate at 50%. Four out of seven directors, who are Mr. Chou-Chye Huang, Mr. Wei-Heng Shan, Mr. Kevin Chia, Mr. and Mr. Shi-Hao Liu, possess industry experience, reaching the target rate of 57%. In addition, we focus on gender equality of the Board of Directors and set the target rate of female directors at 10%. Currently one out of seven directors is female, reaching the target rate of 14%.

Name
Diversity
Chou-Chye Huang (Note1) Wei-Heng Shan
(Note1)
Kevin Chia Shi-Hao Liu Chia-Ming Chai Nai-Shin Lai Ching-Ming Chen
Nationality R.O.C. R.O.C. R.O.C. R.O.C. R.O.C. R.O.C. R.O.C.
Gender Male Male Male Male Female Male Male
Age (Note2)
Tenure (Note3) 12 years 12 years 11 years
Adjunct (Note4)
Financial & Accounting
Management & Administration
Industrial Experience
Leadership & Decision Making
Legal Profession

Audit Committee

Responsibilities of the Audit Committee

The Audit Committee is responsible for assisting the Board of Directors in performing its supervisory duties and exercising its functions and powers under the Securities and Exchange Act, the Company Act and other laws and regulations, and regularly communicates with the company's certified public accountants and reviews the selection, independence and performance of the certified public accountants. At the same time, the company's internal auditors will regularly submit audit summary reports to the audit committee according to the annual audit plan, and the audit committee will also regularly evaluate the company's internal control system, internal auditors and their work.

The Company's Audit Committee is composed of 3 independent directors, and its main duty is to assist the Board of Directors supervising the Company's accounting, auditing, financial report process, financial control, etc.

The Audit Committee's primary reviewing items are as follows:
  1. The appropriate financial reporting of the Company.
  2. The appointment of independent auditors and their independence evaluation.
  3. The effectiveness of internal control.
  4. The Company's compliance with government laws.
  5. Control for existing or potential risks.



Audit Committee Members

Title Name Educational Background& Major Working Experiences
Independent Director Nai-Shin Lai(Chairman) B.S., Department of Business Administration, National Taiwan University
Vice President of Hua Yan Asset Management Company
Fund Manager of Paradigm Asset Management Co., Ltd.
Manager of Proprietary Trading Department, Mega Securities Co., Ltd.
Independent Director Chia-Ming Chai LL.M., University of Washington, USA
Vice President of International Affairs , Uni-President Enterprises Corp.
Legal Manager, Yum! Restaurants (Taiwan) Co., Ltd.
Lawyer of Chien & Lin Attorneys-at-Law
Independent Director Ching-Ming Chen B.S., Department of Accounting, Chinese Culture University, Taiwan
CPA of Trust Worthy CPA Firm
Finance Manager of Tze-Shin Transportation & Terminal Co., Ltd.


The attendance of Audit Committee

  1. The Company's Audit Committee is composed of 3 members.
  2. The Audit Committee convene 5 meetings in year 2023. The attendance of 3 independent directors is as follows:


Independent Director Attendance Times Required Actual Attendance Times
Nai-Shin Lai (Chairman) 5 5
Chia-Ming Chai 5 5
Ching-Ming Chen 5 5

Main works of Audit Committee in year 2023

The Audit Committee held 5 meetings in year 2023, and the matters considered mainly included as follows :
  1. Fair presentation of financial statements
  2. Effectiveness of internal control system
  3. Appointment of Certified Public Accountants and their independence assessment
  4. Discussion on the revision of Company’s management measures
  5. Self-evaluation questionnaire for Audit Committee’s performance evaluation


Audit Committee's Review Report

The Board of Directors has prepared and submitted to us the Company's 2022 Business Report, Financial Statements, and proposal for earnings distribution. Financial Statements were audited by Deloitte & Touche and they issued an audited report accordingly. We, as the Audit Committee of the Company, have reviewed the Business Report, Financial Statements, and proposal for earnings distribution and do not find any discrepancies.


Evaluation for the Effectiveness of Internal Control System

The Audit Committee has reviewed the effectiveness of policy and process of the Company's internal control and considers that the Company's risk management and internal control system are effective with the necessary supervision mechanism.


The hiring of an attesting CPA

In order to ensure the independence of the certified accounting firm, the independence and suitability of the accountants are regularly evaluated in accordance with Article 29 of the Code of Practice for the Governance of Listed Companies and with reference to the independence and suitability standards of the Audit Quality Indicators (AQIs). Willfully, and refer to Article 47 of the Accountant Law and Accountant Professional Ethics Bulletin No. 10 to formulate an independence evaluation form to evaluate whether the certified accountant and the company are related parties, have business or financial interests with each other, etc. The fourth meeting of the fifth session of the Audit Committee on February 20, 2023 and the sixth meeting of the seventh session of the Board of Directors on February 20, 2023 passed the resolution that accountants CPA Tung-Hui Yeh and CPA Ya-Yun Chang of Deloitte & Touche Accounting Firm met the independence assessment.


The Meeting Summaries of Audit Committee
The bills and resolutions of Audit Committee, and the Company’s acts for the Audit Committee's resolutions in year 2023 are described as below:

Board of Directors The bills and following procedures Article 14-5 of Securities and Exchange Act Resolutions failed to be passed by Audit Committee, but approved by more than 2/3 of board members
The 6th times
7th session
February 20, 2023
  1. Discussion for internal control system statement of year 2022
  2. Discussion for consolidated financial statements of year 2022
  3. Discussion for hiring and independence evaluation of CPA of year 2023
None
Resolutions of Audit Committee : Approved as proposed by all committees
Company's acts for the Audit Committee's resolutions : Approved as proposed by all present board members
The 7th times
7th session
May 9, 2023
Discussion for 2023/Q1 consolidated financial statements None
Resolutions of Audit Committee : Approved as proposed by all committees
Company's acts for the Audit Committee's resolutions : Approved as proposed by all present board members
The 8rd times
7th session
August 3, 2023
Discussion for 2023/Q2 consolidated financial statements None
Resolutions of Audit Committee : Approved as proposed by all committees
Company's acts for the Audit Committee's resolutions : Approved as proposed by all present board members
The 9th times
7th session
November 8, 2023
Discussion for 2023/Q3 consolidated financial statements None
Resolutions of Audit Committee : Approved as proposed by all committees
Company's acts for the Audit Committee's resolutions : Approved as proposed by all present board members
The 10th times
7th session
December 6, 2023
Discussion for 2024 Auditing Plan None
Resolutions of Audit Committee : Approved as proposed by all committees
Company's acts for the Audit Committee's resolutions : Approved as proposed by all present board members




Remuneration Committee Members

Responsibilities of the Remuneration Committee

The Remuneration Committee establishes a performance-related remuneration system for the company from an independent and detached perspective, faithfully performs the functions and powers entrusted by the board of directors, and regularly proposes remuneration system plans or suggestions to Board for discussions and resolutions. The duties of the Remuneration Committee are as follows:
  1. Review the Company's remuneration regulations periodically and propose for modification opinions.
  2. Devise and regularly review the performance evaluation of directors and executives, and the remuneration and benefit policies, rules, standards, and structure.
  3. Regularly assess the remuneration and benefits for directors and executives.
Title Name Educational Background& Major Working Experiences
Independent Director Ching-Ming Chen(Chairman) B.S., Department of Accounting, Chinese Culture University, Taiwan
CPA of Trust Worthy CPA Firm
Finance Manager of Tze-Shin Transportation & Terminal Co., Ltd.
Independent Director Chia-Ming Chai LL.M., University of Washington, USA
Vice President of International Affairs , Uni-President Enterprises Corp.
Legal Manager, Yum! Restaurants (Taiwan) Co., Ltd.
Lawyer of Chien & Lin Attorneys-at-Law
Independent Director Nai-Shin Lai B.S., Department of Business Administration, National Taiwan University
Vice President of Hua Yan Asset Management Company
Fund Manager of Paradigm Asset Management Co., Ltd.
Manager of Proprietary Trading Department, Mega Securities Co., Ltd.

The Attendance of Remuneration Committee

  1. The Company's Remuneration Committee is composed of 3 members.
  2. The Remuneration Committee convene 3 meetings in year 2023. The attendance of 3 independent directors is as follows:


Independent Director Attendance Times Required Actual Attendance Times
Ching-Ming Chen (Chairman) 3 3
Chia-Ming Chai 3 3
Nai-Shin Lai 3 3

Review Remuneration Periodically

The Company has constituted “the remuneration governing regulation for directors and executives”. The Audit Committee shall meet at least twice a year to periodically review the performance evaluation and assess the remuneration and benefits of directors and executives, and the remuneration and benefit policies, rules, standards, and structure.

When exercising its duties and authorities, the Remuneration Committee shall observe the following principles:

The Meeting Summaries of Remuneration Committee

The bills and resolutions of Remuneration Committee, and the Company’s acts for the Remuneration Committee's resolutions in year 2023 are described as below:

The Remuneration Committee The bills and following procedures Resolutions The Company's acts for the Remuneration Committee's resolutions
The 3th times
5th session
February 20, 2023
Discussions for distribution of employees' compensation and directors' remuneration of year 2022 Approved as proposed by all committees Approved as proposed by total present directors
The 4th times
5th session
August 3, 2023
  1. Discussions for employees' and the executive's bonus distribution of year 2022
  2. Discussions for employees' and the executive's salary raise of year 2023
  3. Discussions for the director's remuneration distribution of year 2022
Approved as proposed by all committees Approved as proposed by total present directors
The 5nd times
5th session
Dec. 6, 2023
Discussions for remuneration rules of year 2024 Approved as proposed by all committees Approved as proposed by total present directors


Results of performance assessment of BoD and functional committees


The Company's board of directors approved the "Board of Directors Performance Evaluation Methods" on August 6, 2020, which clarified the evaluation scope of the board of directors and functional committee, including the performance evaluation of the entire board of directors, individual board members and functional committees. The results are used as a reference when selecting or nominating directors; and the performance evaluation results of individual directors are used as a reference for setting their individual salaries and remuneration.

The chairman's office of the Company distributes questionnaires in December every year. After the questionnaires are collected, the scores are calculated according to the above method. The Company had reported to the board of directors on February 20, 2023, regarding the performance evaluation results of 2022 of the board of directors, director members, remuneration committee and audit committee (the evaluation period is from December 1, 2021, to November 30, 2022) and the continued strengthening direction in the future.

Performance evaluation results for Board and functional committee of year 2022 :



Succession Planning and Operational Status of Members of the Board of Directors and Key Management


Succession Planning and Operational Status of Board Members

According to the "Corporate Governance Best Practice Principles" and "Procedures for Election of Board of Directors", the Company implements the diversity policy of the board of directors. At present, there are 7 directors (including 3 independent directors) with professional backgrounds such as industrial experience, business, accounting, and legal affairs, and possess the required knowledge and ability to perform their duties. The Company also attaches great importance to the succession planning of board members by arranging the president to serve as a director concurrently. Top executives join the board of directors to familiarize themselves with the operation of the board of directors and effectively implement the succession planning of board members.
In addition, in order to implement corporate governance, improve the functions, and strengthen the operational efficiency of the board of directors, the Company conducts a performance evaluation of the board of directors at the end of each year in accordance with the "Performance Evaluation Measures of the Board of Directors" and takes the result as a reference for nominating directors in the future.


Succession Planning and Operational Status of Key Management

Candidates for succession reserve of top executives of the Company must possess excellent professional ability and the characteristics of integrating resources to achieve goals, and have the potential to motivate the team to create sustainable value for the Company. The Company follows the measures of "Performance Management" and "Job Promotion to Managerial Level" to cultivate and operate succession planning through the following methods :

  1. Top Executives Team Building
    The top executives regularly organize team building activities (Team Building) every year. Senior and novice executives can communicate and share experiences, establish the Company's own management culture and team understanding. Through various forms of team activities, let the top executives have a better understanding of each other, unite consensus, and enhance morale and momentum.

  2. Deputy System, Regular Performance Appraisal and Communication
    Managers at all levels select deputies for inheritance and experience sharing. Every six months (mid-year and year-end) make a performance review for the half-year implementation results of on-job training, focusing on success and regret as an important reference for learning and growth. Through interviews and discussions to set goals for the next stage and formulate a training course plan based on personal characteristics and status, so that successors can gain valuable management and implementation experience in practical work and learn relevant knowledge and skills needed in the future in advance, expanding their horizons and visions.

  3. Counseling of Management and Communication Skills
    Check for the required management and communication courses before being promoted to the next level of supervisors, to supplement the necessary management and communication skills, and to make promotion at the appropriate stage.

  4. Cross-unit Communication and Coordination Ability Training and Recognition
    The promotion to the top executive level needs to be passed by the review meeting of the management level. The successor usually needs to accumulate cross-department communication and coordination skills and experience before he can get the recognition of all the management in the review meeting.


Supervisor of Corporate Governance

The set-up, business implementation, and training status of the supervisor of corporate governance

Name/Title Organizer Course Date Duration
(Hours)
From To
Chen, Mei-Juan
Manager of the Chairman's Office at Sunplus Technology Co., Ltd. / Corporate Governance Officer
Corporate Operating and Sustainable Development Association Reelection of directors and supervisors and equity planning amid competition for management rights April 11, 2023 April 11, 2023 3
Corporate Operating and Sustainable Development Association Issues related to carbon reduction and their IFRS accounting treatment June 29, 2023 June 29, 2023 3
Securities and Futures Institute 2023 Insider Trading Prevention Promotion Conference October 20, 2023 October 20, 2023 3
Securities and Futures Institute 2023 Annual Insider Equity Transaction Legal Compliance Promotion and Briefing Session December 08, 2023 December 08, 2023 3

Internal Audit

Internal Control

The company's internal audit function is an independent unit that reports directly to the Board of Directors, and shall appoint qualified persons in an appropriate number as full-time internal auditors according to size, business condition, management needs, and other applicable laws and regulations. There is one employee dedicated to internal audit.

The charter of internal audit is to review the internal controls in the company's processes and to report on those controls with respect to the adequacy, effectiveness, and efficiency of their design as well as their actual functioning on day-to-day basis. The company's internal audit examines the process and results of annual self-assessment by departments and subsidiaries and consolidates related reports for the Board of Directors and president to evaluate the overall efficiency of existing internal control systems before generating an internal control system statement.

The majority of the audit work is executed according to an annual plan, which needs to be approved by the Board of Directors. Such plan will take into account risks that have been identified. Special audits or reviews are conducted as needed. The combination of the regular audits and the special projects provide management with feedback on the functioning of the internal control system; it gives management an additional channel to learn about existing or possible future weaknesses in the system, and addresses them in a timely manner.


Internal Audit Workflow

稽核 目的/範圍/項目/單位/期間 稽核計劃 核准 執行稽核 發掘問題 稽核報告 呈報覆核 參考改進 追蹤 執行評估

Internal Major Regulations

Major Shareholders

2023/03/26 ; Unit:shares
MAJOR SHAREHOLDER'S NAME SHARES PERCENTAGE
Sunplus Technology Co., Ltd. 37,324,304 34.30%
Lin Shih Investment Co., Ltd. 14,892,301 13.69%
BANK OF KAOHSIUNG CO., LTD. 1,759,000 1.62%
Standard Chartered Custody Cambria Emerging Shareholder Yield ETF Investment Account 1,107,000 1.02%
Chen, Jing-Song 1,047,000 0.96%
Standard Chartered Custody of Teachers' Retirement System of the State of Illinois Investment Special Account 794,000 0.73%
Zhu, Hou-xiang 750,000 0.69%
Xie, Yong-shen 614,000 0.56%
Standard Chartered Custody, Oregon Public Employees Retirement System Investment Special Account 537,000 0.49%
Liu, De-zhong 450,000 0.41%
Wang, Shi-rong 450,000 0.41%

Communications with Independent Directors


The communication channels among independent directors, CPAs, and head of internal auditor

Information Security Risks

Management Structure




Information Security Policy

The Company's information security policy comprise the following three scopes:
  1. System Regulation:Constitute the regulation of information operation management to standardize employees' information security behavior. The regulation is reviewed periodically and would be adjusted as needed.
  2. System Application:To guard against outer information security threats, we set up not only Multi-Tier Network Structure but also various information security guard systems to lift the security level.
  3. Personnel Training:Periodically conduct educational trainings of information security for employees to raise their awareness for information security.



Management Plan

The Company's management plans for information security are described as follows:
Items Management Plans
Terminal Security Management Antivirus softwares are all deployed by administrator control center for entire internal servers and clients. Virus patterns are updated at all times and malicious acts are identified to intercept Virus, Trojan, Horse Worm, Ransomware, Malwares, etc. and effectively lower the risks by hacker's attacks.
Network Access Security Management Company's internal system is isolated from internet and multiple network security guard system is adopted. Firewalls and Intrusion Detection and Prevention Systems (IDS) can defense attacks from internet and block the newest malwares and Phishing/Pharming.
System Access Account Security Management
  1. Personnel are all asked to log in with dedicated ID for system operation or surfing the internet. Information systems are all passwords required and users are mandated to update their passwords periodically.
  2. Every user is granted specific permissions for data access according to his/her business and duties, and all the changes must be authorized by supervisors. User’s account and permission are revoked immediately once he/she leaves or transfer from current position to avoid unauthorized uses.
Physical Device and Environment Security Management Host computer and its related storage and internet equipment are set up in a specific computer facility, which is equipped with environmental monitoring system and UPS to avoid damages caused from unstable voltage or unexpected blackout. MIS takes charge of the computer facility and people are not allowed to enter with authorization.


Resources invested in information security management for year 2023

  1. Regular and irregular upgrades of hardware and software, as well as patching of security vulnerabilities.
  2. Information security personnel attended 6 online information security seminars and courses.
  3. All new employees completed online information security education and training.
  4. Conducted employee information security campaigns for 4 times.
  5. Carried out 2 information security incident response drills.
  6. Vulnerability scanning and penetration testing for security vulnerabilities were performed annually.

Intellectual Property Management and Implementation


Intellectual Property Management

Generalplus has established the intellectual property (aka IP) management policy to develop and maintain the IP rights in all aspects, and more importantly enforce the rights against infringement. Furthermore, we’re also continuously evaluating the possible IP risks from time to time and take necessary measures to protect our intangible assets as well. Through strengthening our core technology and competitiveness keeps Generalplus at a leading position in the industry.
  1. Patent
    Our patent management mainly focuses on building and maintaining effective patent portfolios. New inventions will be first reviewed by our internal patent committee, formed by the directors of engineering and marketing divisions, to determine the most suitable way to protect it, either filing a utility patent application to an official authority or keeping it as an invention secret inside the company. Our goal is clear and defined- continuously piling up our innovation in quality and quantity, keeping Generalplus at the top position in the industry.

  2. Copyright
    Generalplus’s internal code strictly requires employees not to infringe the copyrights of others while performing duties, and often disseminates practical copyright news, laws, and real cases to the employees on a monthly basis. In addition, we also invite experts in the area to instruct our employees abiding the copyright regulations to defend our copyright and respect the rights of others.

  3. Trademark
    The company's trademark management mainly involves trademark application, maintenance and utilization. Registering a new trademark for dedicated technical logos or symbols, for instance, is normally conducted by working with our long-term partnership IP firm.

  4. Integrated Circuit Layout
    Any innovative integrated circuit layout will be registered to official authority in specific regions and countries to prevent the layout of the product from maliciously copied.

  5. Trade Secret
    The company's trade secret protection is mainly relied on requesting new employees to sign confidentiality agreement in the first place and providing the courses of trade secret in the training program for new employees. For current employees in the company, we often distribute the relevant news and real cases and providing the training courses to remind our employees the proper ways to protect our trade secret. Our HR department is responsible for informing those, who will be resigned from the company, their obligations of keeping company's confidentiality.

Implementation

Generalplus reported to the Company's board of directors on December 6, 2023 about the implementation of intellectual property management, and proposed the possible risks and countermeasures for intellectual property.
  1. Employee and equipment management- creating restrict access control for employee's entry/exit, and use of equipment. Apply various surveillance systems and software to prevent the trade secrets from leaking out.
  2. Publicizing and educating– Publicize and educate employees to understand the importance of protecting the company's trade secrets.

Till 2023/11, the valid intellectual property right is listed as follows :