HR-Retirement system

Lasertek complies with relevant retirement laws and systems in each region to protect employees' retirement rights. For Taiwan, the 'Employee Pension Implementation and Payment Principles' are established in accordance with the Labor Standards Act, and all regular employees participate 100% in the relevant pension plans. The Labor Pension Act (also known as the New Labor Pension System) is a defined contribution post-employment benefit plan, and Lasertek has been making monthly contributions in accordance with the law since July 1, 2005.

Employees may also choose to continue applying the old pension system under the Labor Standards Act or adopt the new pension system while retaining their years of service prior to the implementation of the Act. The company has settled the pension payments for employees under the old system, and currently, all employees are covered by the new pension system.

The company stipulates that employees who reach the age of 55 with more than 25 years of service, or those who reach the age of 65, may apply for retirement through the company's management office. In addition, subsidiaries in Mainland China and Singapore make monthly contributions at a certain percentage of the total local employee salaries in accordance with local regulations. Other than monthly contributions, the group has no further obligations.

Region	Retirement Method	Pension Contribution Ratio to Salary	Employee Participation in Retirement Plan	Company's Recognized Expenses in 2023
Taiwan	New Pension System: Personal Pension Account	Employer 6%; Employee 0~6%	100%	NT$5,784,647
Mainland China	Endowment Insurance (Employee Account)	Different contribution ratios by age, Employer 14~16%; Employee 8%	Not disclosed	Not disclosed
Singapore	CPF Employee Account	Different contribution ratios by age, Employer 5~13%; Employee 5~20%	Not disclosed	Not disclosed