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risk management

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the covid-19 outbreak in 2020 caused a sharp slowdown in world growth; and the risk of wider restrictions on the movement of people, goods and services, reduced business and consumer confidence, as well as slowed down production. when facing the overall economic environment, we always uphold the concept of risk management in order to take advantage of industry developments and future prospects. by ways of adopting a decentralized customer base, decentralized industry exposures, and through geographic dispersion, we effectively lower the risk of any market changes that might happen.

key subsidiaries have established risk management committees that meet quarterly, to maintain a robust and effective risk management mechanism and formulate risk management policy. the committees also manage and supervise financial assets, effectively manage potential risks arising from all company business, and make adjustments to the normal ratio of allowance for bad debts based on the asset quality. in addition, there is a model to assess client credit risk, while there are two methods for evaluating credit risks for corporate financing and micro-enterprises; both were awarded a patent by the taiwan intellectual property office.

organization of chailease holding's risk management structure

emerging risks and mitigation measures

internal control system

the internal control systems of the company are management processes designed by its managers, passed by its board of directors, and implemented by the board of directors, managers, and other employees for purpose of promoting sound operations of the company, so as to reasonably ensure that the following objectives are achieved:
1. effectiveness and efficiency of operations.
2. reliability, timeliness, transparency, and regulatory compliance of reporting.
3. compliance with applicable laws, regulations, and bylaws.