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Legal compliance is the fundamental duty of corporate citizens, while proactively understanding regulatory changes and making necessary adjustments exemplifies corporate social responsibility. RichWave upholds a rigorous attitude of honesty and integrity in dealing with stakeholders. The Company has established a legal unit responsible for reviewing the legality of our contacts, and various units have also appointed colleagues to monitor and follow domestic/foreign policies and regulations that have a potential impact on the Company’s business and finance, such as the Company Act, Patent Act, Occupational Safety and Health Act, and Labor Standards Act. Moreover, changes to the laws and regulations are reported to the supervisor followed by internal regulation adjustments to ensure the Company’s operations are in compliance with the law. In addition, RichWave holds a long-term partnership with professional teams from law firms to study high-risk topics, and an external legal education and training course is held annually to strengthen the legal competency of the Company’s management team. In 2024, RichWave did not receive any penalties for violations of the Labor Standards Act, environmental regulations, health and safety regulations related to products and services, regulations on information and labeling of products and services, marketing communication (including advertising, promotions, and sponsorships) regulations, or litigations related to anti-competitive behavior.

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