FY Group Limited

Audit Committee

To improve the supervisory responsibilities and enhance the management mechanism of the Board of Directors, the company established an audit committee on October 30, 2020. The audit committee consists of all independent directors, and at least one member with accounting or financial expertise. The term of office is three years for independent directors of the Committee, who may be re-elected for consecutive terms. The convener of this Committee represents the Committee externally. This Committee has the following functions and powers:

The main purpose of the operation of this Committee is to supervise the following matters:

I. Effective implementation of the company’s internal control.

II. Selection (dismissal) of the certified accountants and their independence and performance.

III. Appropriate presentation of the company’s financial statements.

IV. Compliance of the company with relevant laws and regulations.

V. Management and control of the company’s existing or potential risks.

List of Audit Committee:

Since October 30, 2020, the Audit Committee has convened 6 meetings (A), with the attendance (presence) of 4 independent directors as follows:

Compensation Committee

The company established the Compensation Committee on October 30, 2020, pursuant to the Compensation Committee Organization Rules of the company to implement the spirit of corporate governance.

The Committee has main responsibilities during operation as follows:

1. Formulate and regularly review the policies, systems, standards, and structures of directors and managers' performance evaluation and remuneration.

2. Evaluate and determine the remuneration of directors and managers regularly.

List of Compensation Committee:

Since the establishment of the Compensation Committee on October 30, 2020, it has convened 3 meetings (A), with the attendance as follows: