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Corporate Governance

Lumax is dedicated to maintaining high standards of ethics, corporate governance and effective accountability mechanisms in every aspect of its business. Lumax has an internal audit team and independent supervisors to ensure proper reporting and adequate internal controls. Other measures to protect shareholders’ interests including the Company’s effective board of directors and the prompt disclosure of relevant information to shareholders. Lumax maintains high transparency with the timely release of information to shareholders and investors.

Internal Audit Goals

The internal audit team assists the Board of Directors and top management to enhance the effectiveness and efficiency of the company’s operations, to assure the company’s profit, performance, and property, to compliance with applicable laws and regulations, and to accomplish for the target achievement.

Internal Audit Organization

The internal audit team reports directly to the Board of Directors. The manager of internal audit unit shall be approved by the Board of Directors.