Regulatory Compliance

Committed to Legal Compliance and Governance Excellence

We conduct all our business activities in strict compliance with applicable laws and regulations. To ensure legal compliance, ASEH maintains regular updates on domestic and foreign laws and policies that affect its operations, and prioritizes regulatory compliance at all of its business locations.

The company’s Corporate Governance Officer and Regulatory Compliance Department support board directors with overall regulatory compliance and supervise activities at our subsidiaries to ensure compliance with relevant laws and regulations. The steps we take to ensure compliance include managing regulatory inventories, staying updated with current laws and regulations, identifying changes, and reviewing legal compliance on a regular basis. The company also applies risk control mechanisms to assess potential legal risks across all our operations. Our subsidiaries are required to promptly report all incidences of non-compliance that result in penalties. The responsible subsidiary shall conduct a root cause analysis and propose immediate improvement plans. Both the regulatory compliance department and audit department will oversee and ensure the implementation of corrective actions, reporting the status to the board of directors annually.

Throughout 2023, the company conducted regulatory compliance audits across all subsidiaries and strengthened management in the fields of environment, health and safety. The United States’ Export Administration Regulations (EAR), Clean Competition Act (CCA) and the European Union’s Carbon Border Adjustment Mechanism (CBAM), are of particular significance to the technology sector, and are thus classified as our company’s key compliance focus areas. In Taiwan, we focus primarily on the Taiwan Securities and Exchange Act, Labor Standards Act, Occupational Safety and Health Act, Fire Services Act, Climate Change Response Act, Energy Administration Act, Renewable Energy Development Act, Gender Equity in Employment Act, Sexual Harassment Prevention Act and National Security Act. As part of our regulatory compliance practices, we diligently adapt and modify our internal framework, conduct trainings, and disseminate information to update, educate and communicate with our board of directors, management and all employees.