Brogent Technologies, Inc. – Flying Theatre Manufacturer

Corporate Governance

Risk and Crisis Management

Risk Management Mechanism
Brogent has set up an “Audit Office” directly under the Board of Directors responsible for internal audit affairs and handling related matters. It has one audit supervisor and one auditor. The Audit Office is in charge of auditing and evaluating risks based on different types to facilitate the formulation of risk assessment guidelines and management strategies.
We prepare audit plans in accordance with corporate risk assessment results, while assisting the Board of Directors and managerial officers in conducting project audits, assessing the deficiencies of the internal control system, tracking the status of improvement measures, and reporting the audit results to the Board of Directors on a regular basis to ensure the effectiveness of the internal control system for operational performance and efficiency (including profit, performance and protection of assets).

Risk Management
Brogent's risk management is divided into internal audit, internal control, and risk assessment, each of which implements reliable, timely and transparent risk reports as well as risk prevention measures per the Company's risk management policies, in order to satisfy the competent authority's relevant regulations and stakeholders' expectations.

Internal Audit
The internal audit system of Brogent consists of five elements: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities, and is amended at any time in response to changes in the environment and strategies. Brogent conducts regular and non-scheduled internal audits on operations, financial and non-financial aspects and legal compliance to avoid business activities that do not favor operational integrity in order to control operational risks.

Internal Control
Brogent's internal controls have been designed by our executives, and take into consideration the Company's overall business operations. Our internal controls have been established pursuant to the “Regulations Governing Establishment of Internal Control Systems by Public Companies”, and have been implemented after being approved in a Board meeting. The management process is implemented by the Board of Directors, managers and other employees. The purpose is to promote sound operations of the Company, reasonably ensure the achievement of goals such as operational results and efficiency; reliable, timely and transparent report, and compliance with relevant laws and regulations.

Risk Analysis
Each functional department of Brogent identifies and manages all potential risks that may affect company operation, carries out risk analysis and assessment, effectively reduces the impact on Brogent by analysis of the possibility of risk events and the degree of negative impact once they occur. The analysis also serves as a reference for subsequent formulation of risk control priorities and response measures and for early establishment of adaptive strategies to minimize their impact on the Company's sustainable management.