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Risk and Opportunity Management

Risk Management Policy

       The comprehensive risk management is performed in accordance with the goals of the business, the execution of business strategies and the operations of routine businesses. The rapid changes in the internal and external environment will create a certain degree of risk for TSC. Therefore, the "Guidelines for Risk Assessment" has been developed, followed by the identification, analysis, assessment and handling of every short-, medium- and long-term risks.First, we identify the risk factors and assess potential losses, followed by the selection of management methods and the implementation of regular and irregular monitoring, auditing, and tracking of risk management.
       Identification, assessment, control and monitor of possible risks are conducted based on the principles of risk management and crisis management to ensure the effective operation of the risk management system. When a risk event occurs, necessary response measures should be taken to prevent disasters from expanding and recovery work should be performed and the handling of crisis events will be reviewed. Risk control methods and crisis management operations are available under the Corporate Governance Risk Management on TSC’s webpage of Corporate Sustainable Development.

The Analysis of Risk and Opportunity

       In recent years, the international economic and trade environment has rapidly changed, and competition in the global market has intensified. After the rapid rise of developing countries such as China and India, global markets and resources have been reconfigured. Among them, Asian countries have been significantly influenced. The major trends affecting Taiwan’s industrial development in 10 years are as follows:

       TSC has summarized the industry trends related to the development of the Company by referring to the six major emerging industries promoted by the government in the past and the currently promoted five-plus-two industry policy. The explanation is as follows.

       Based on the aforementioned analysis of the overall environment and industry trends, TSC also examines the competitiveness of the industry, carries out SWOT analysis and builds the direction of future business strategies. After comprehensively considering the resources, technologies and experience, and after referring to factors such as the external environment's future trends and internal strengths and weaknesses, operational projects with market potential will be planned to expand the scale of operations, and transform and enhance the added value through the introduction of new concepts.

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