VisEra implements numerous procedures to avoid conflicts of interest. When a Director or manager engages in acts within the scope of the Company’s business for himself/herself or for others, he/she shall obtain prior approval from the shareholders’ meeting or the Board of Directors, respectively, in accordance with the law. Each Director and manager must complete an annual related party transaction statement and report the results to the Audit Committee. In addition, the Company discloses related-party transactions in the financial statements in accordance with the rigorous reporting requirements in the laws and regulations of the Republic of China.