Budget Management Committee

　The Budget Management Committee is a special committee of the Board of Directors. It is the budget management decision-making body and the highest authority organization that organizes and leads the company’s comprehensive budget management.

The budget management committee generally has the chairman or general manager of the enterprise as the chairman, and absorbs the heads of relevant departments within the enterprise (such as the deputy general manager in charge of sales, the deputy general manager in charge of production, and the deputy general manager in charge of finance). The deputy general manager and the secretary-general of the budget management committee, etc.) are members. For budget management, the Budget Management Committee is the highest management body.

Organize relevant personnel to forecast targets, review, study, and coordinate various budgets matter. The budget meeting held under the auspices of the Budget Management Committee, attended by heads of departments, is the main way to determine budget targets and adjust the budget. The main responsibilities of the Budget Management Committee include the following:

1. Formulate policies, regulations, systems and other related documents related to budget management.

　2. Organize relevant departments of the enterprise or hire relevant experts to predict the target determination.

　3. Review and determine goals, and propose guidelines and procedures for budget preparation.

　4.Review the draft budget and overall budget plan prepared by each department, and make suggestions on necessary improvement measures.

　5.When conflicts between departments are discovered during the budget preparation and implementation process, necessary coordination will be provided.

　6. Submit the reviewed budget to the board of directors, and after approval, issue a formal budget plan.

　7.Accept regular reports comparing budget and actual, and make suggestions for improvement based on careful analysis and research.

　8. Review budget revisions and make relevant decisions as necessary.