Talents are the core asset of the IC industry, thus RichWave actively invests resources in recruiting outstanding talents and establishing diverse talent recruitment channels, offering competitive remuneration to attract and retain suitable talents. Furthermore, we have established a comprehensive training system that caters to our employees' needs in a bid to enhance the company's competitive edge.

Talent Structure and Talent Recruitment

In 2023, RichWave had 303 employees, consisting of 73.9% male and 26.1% female workers, with women accounting for 22% of the company's executive positions. During recruitment, RichWave offers everyone a fair employment opportunity based on their advantages and work experiences, regardless of their race, religion, nationality, and gender. However, since the industry requires more engineering and science-related talents, the ratio of male employees tends to be higher. RichWave continues to support workplace diversity and inclusiveness. In 2023, we have hired a total of 3 employees with disabilities, which is comparable to the ratio stipulated by the government.

RichWave's Employee Structure in 2023

To generate momentum for growth, RichWave vigorously recruits and retains key talents, searching for outstanding employees through 104 Job Bank and LinkedIn. Since the company values the cultivation of professional talents, we have forged a long-term and close partnership with schools to engage in industry-academe collaboration in higher technical education. We have developed a wide range of cutting-edge technologies in different technological fields with various schools for the sake of keeping abreast of the latest international trends and recruiting key talents.

In 2023, RichWave hired 39 new full-time employees (36 men and 3 women), accounting for 12.9% of the workforce. In the same year, 41 full-time employees (29 men and 12 women) resigned from RichWave, accounting for 13.5% of the workforce. The company strives to create a positive work environment for its employees by conducting exit interviews with employees before they leave the company. Through these interviews, the company understands the reasons why employees choose to leave the company so that it can find ways to retain them by transferring them to other roles or improving the work environment, thereby eliminating their motivation to leave the company.

The Number of New Employees and Resignations of Full-time Employees in Taiwan in 2023

Employee Remuneration and Appraisal

Performance Appraisal

RichWave's performance management system and development system helps our employees to attain optimum work performance and showcase their core values through ongoing target focus, two-way dialogue, real-time feedback and performance evaluation, thereby realizing the best organizational and individual performance.

RichWave's employee performance evaluation takes place over different stages, assessing our employees' annual work performance and setting their future career development goals through target setting, mid-term appraisal and year-end appraisal. The performance appraisal outcome is used as a reference for making human resources-related decisions such as employee performance bonuses, promotion, as well as talent development. In 2023, 100% of RichWave's employees regularly received performance appraisals and career development reviews, regardless of their gender or rank within the company.

Remuneration Policy

RichWave sees employees as important assets of the company and values their benefits and welfare. We provide a competitive remuneration system that adjusts our employees' salaries based on the overall performance of the company and personal performance. If the company has earned a profit for the year, we will set aside at least 8% of the profit as employee remuneration, which will be awarded to our employees in the form of stocks or cash dividends (to be decided by the Board of Directors) based on their performance.

Per information from the MOPS, the "average salary"of RichWave's full-time, non-management employees(Note 1)in 2023 was NTD1,465,000, and the "median salary"was NTD1,206,000. If broken down according to industry category, RichWave's average salary is considerably higher than employees(Note 2)in other similar companies in the "Electronics Components Manufacturing Industry"based on the information from the Earnings Exploration and Information System by the Director-General of Budget, Accounting, and Statistics, Executive Yuan.

Remuneration of Full-time, Non-Management Employees

1. full-time, non-management employees refer to employees who have satisfied the company's regulations in terms of normal work hours and who are not managers as defined by Tai-Cai-Zheng-San-ZI No. 920001301.
2. According to information from the Earnings Exploration and Information System by the Director-General of Budget, Accounting, and Statistics, Executive Yuan, the monthly average salary of employees in the Electronics Components Manufacturing Industry in 2023 was NTD 67,270 (average annual salary of approximately NTD 807,260)

Training and Education

RichWave continues to provide a comprehensive training structure including new employee orientation training, management skill training, professional skill training and general education. Diverse learning and development opportunities are provided to our employees during various stages of their careers to ensure that the talent training program meets the expectations of the company, the environment, and employees. In 2023, RichWave organized a wide range of professional and general education courses including technical courses such as the Devices/Semiconductor Physics of MOS, HBT and Diode series, Power Management IC Design series, TLT for Silicon- Based Integrated Power Amplifiers, Class-J PA Operation, High-Performance Talent Management, 2019 Business Continuity Management System TCFD Climate-Related Financial Disclosures, and "One Spine - 7 Original Points" course. Furthermore, internal lecturers continued to offer professional courses such as Lectures of Power Amplifer Design, Theories/Practices of Machine Learning and Deep Neural Networks, and Basic Knowledge of Patents. The company places great emphasis on employee training, accumulating a total of 2,089 participants and 3,241.5 training hours, marking a 65% increase in total training hours compared to 2022. For the new employee training in 2023, 32 trainees accumulated 384 hours of training and education.

Over the last 3 years, the number of employee education and training hours has continued to rise. In the future, more diverse courses will be planned to help employees unleash their potential and skills, as well as bolster the competitiveness of the company's human resources.

Trend of Total Training Hours and Attendance of Education and Training in the Last 3 Years (Excluding Newcomer Orientation)

Professional Knowledge Enhancement Course

Special Column: Physical and Spiritual Growth

Work-life balance engenders better performance and quality of life. Since 2021, RichWave has devised a series of physical and spiritual well-being lectures to let our employees take charge of their physical and spiritual conditions. By learning positive thinking techniques, they can alleviate their stress and emotions to overcome difficulties at the workplace and discover happiness. After launching a series of courses, the company received enthusiastic responses from employees. In 2023, RichWave continued to offer courses such as "One Spine - 7 Original Points", "6 Secrets to a Happy Life: Work-life Balance Course Series", "Understanding the 9 Major Joints of the Human Body", and "The Power of I Ching: Generating Infinite Possibilities". We will continue to plan health courses in the future in a bid to shape an excellent work environment.