Common use of Financial System Clause in Contracts

Financial System. 13.1.1 The Company’s chief financial officer is responsible for the Company’s financial management. The chief financial officer shall report to the Board and the general manager. 13.1.2 The Company’s general manager and chief financial officer shall formulate the financial accounting system and procedures of the Company in accordance with relevant Laws of China, Chinese Accounting Standards, and the business and financial procedures and requirements of Investor A and ChipMOS BVI. The accounting system and procedures to be adopted by the Company shall be submitted to the Board for approval. Upon approval of the Board, the Company shall submit the financial accounting system and procedures of the Company to the relevant departments for record (if necessary). 13.1.3 The Company shall use RMB as its currency for bookkeeping. 13.1.4 All accounting records, vouchers, books and statements of the Company shall be prepared and maintained in Chinese. The Parties shall have the right to inspect the Company’s accounts within the scope permitted by Company Law of China (the Company’s accounts shall be kept at the Company’s principal place of business), and Investor A or ChipMOS BVI may, at its costs, employ an external auditor to audit the Company’s accounts. 13.1.5 If a foreign currency conversion is required for the purposes of preparing the Company’s accounts and statements, the dividends declared to be distributed to the Parties and for other purposes, it shall be calculated on the basis of the averages of the buying and selling rates published by the People’s Bank of China at the date of actual payment and collection.

Financial System. 13.1.1 The Company’s 's chief financial officer is responsible for the Company’s 's financial management. The chief financial officer shall report to the Board and the general manager. . 13.1.2 The Company’s general manager and chief financial officer shall formulate the financial accounting system and procedures of the Company in accordance with relevant Laws of China, Chinese Accounting Standards, and the business and financial procedures and requirements of Investor A and ChipMOS BVI. The accounting system and procedures to be adopted by the Company shall be submitted to the Board for approval. Upon approval of the Board, the Company shall submit the financial accounting system and procedures of the Company to the relevant departments for record (if necessary). . 13.1.3 The Company shall use RMB as its currency for bookkeeping. . 13.1.4 All accounting records, vouchers, books and statements of the Company shall be prepared and maintained in Chinese. The Parties shall have the right to inspect the Company’s 's accounts within the scope permitted by Company Law of China (the Company’s 's accounts shall be kept at the Company’s 's principal place of business), and Investor A or ChipMOS BVI may, at its costs, employ an external auditor to audit the Company’s 's accounts. . 13.1.5 If a foreign currency conversion is required for the purposes of preparing the Company’s 's accounts and statements, the dividends declared to be distributed to the Parties and for other purposes, it shall be calculated on the basis of the averages of the buying and selling rates published by the People’s 's Bank of China at the date of actual payment and collection. Unimos Microelectronics (Shanghai) Co., Ltd. 13.2 AuditingThe Company shall employ an independent accounting firm registered in China as the Company's Auditor (the "Auditor") to inspect and verify the Company's annual financial statements, financial reports at the time of liquidation and any other financial documents required by the Board.