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Legal compliance is the fundamental duty of corporate citizens, while the proactive understanding of regulatory changes in a bid to make the necessary adjustments is the embodiment of corporate social responsibility. RichWave upholds a rigorous attitude of honesty and integrity to interact with our stakeholders; to ensure legal compliance, the company has established a legal affairs 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 2023, there were no violations of the Labor Standards Act at RichWave. No penalties were imposed for violations of environmental regulations, health and safety regulations related to products and services, information and labeling of products and services, marketing communications (including advertising, promotions, and sponsorships), or litigations related to anti-competitive behavior.
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