Employees’ Compensation and Superior Employee Welfare Measures
Taiwan and Dongguan Factories
Manpower Recruitment
With our headquarters located in Kaohsiung, Taiwan, and has established operating bases and subsidiaries around the world. We are mainly committed to the development and application of small and medium-sized Smart Embedded liquid crystal flat panel displays and capacitive touch panels (CTP). We sincerely welcome scientific and technological elites from all over the world to join our teams!
Employees’ compensation and welfare measures that are superior to laws and regulations (including Taiwan and Dongguan factory)
EDT has complied with the “Labor Standards Act” and the relevant laws and regulations to establish and implement the provisions such as the Codes for Salary, Codes for Performance Assessment, and Codes for Work Attendance. In an attempt to attract and keep outstanding talented employees to share the operating results, we have combined with various business objectives and personal performances and reflected the achievement of actual operating results in the remuneration of employees through a comprehensive salary structure, including a fixed monthly salary and performance bonus, year-end bonus, employees’ compensation, and other variable salaries.
In accordance with Article 22-1 of the Articles of Incorporation, EDT shall allocate 5 percent or more as employees’ compensation. The amount of aforementioned employees’ compensation shall allocate 20 to 50 percent as compensation for our non-executive employees.
EDT pays attention to workplace diversity and equality, insists on equal pay and equal promotion for men and women, and maintains more than 16% of female supervisor positions. In 2024, the average proportion of female employees was 64.00%, and the average proportion of female supervisors was 16.28%.
There is an Employee Benefits Committee with an expenditure of more than NT$7 million in 2024 to provide employees with various welfare measures that are reasonable or even better than those stipulated by laws and regulations, including employee travel subsidies, cultural appreciation subsidies, birthday gift coupons, marriage allowances, maternity allowances, and funeral allowances, etc. In addition, there is a free health check program to take care of the health of employees. Details are disclosed in our Sustainability Report.
| Item | Applicable Locations | Contents |
|---|---|---|
| Item | Applicable Locations | Contents |
| Year-End Bonuses | Taiwan / Dongguan | Calculated based on individual salaries, performance, and years of service. |
| Employee Bonuses | Taiwan | Given based on the company’s annual performance and individual performance. |
| Employee Stock Options | Taiwan | Employees receive equity-related benefits based on their performance. |
| Marriage and Birth Celebration Allowance | Taiwan | Each NT$2,000. |
| Hospitalization and Bereavement Condolence Allowance | Taiwan | The amount varies between NT$1,200 and NT$15,000, depending on the duration of hospitalization and employee condition. |
| Holiday and Birthday Gifts | Taiwan / Dongguan | Employees receive bonuses during festive occasions, birthdays, or celebratory events. |
| Scholarships | Taiwan | Rewarding outstanding academic performance for employees or their children. |
| Employee Dormitories | Dongguan | Free dormitory facilities provided for employees. |
| Employee Cafeteria and Meal Subsidies | Taiwan / Dongguan | We have an in-house cafeteria and provide meal subsidies. |
| Annual Health Checkups | Taiwan | We offer subsidies for employees to undergo annual health checkups. |
| Travel and Cultural Appreciation Subsidies | Taiwan | We subsidize domestic travel and participation in cultural activities for our employees. |
| Paid Personal Leave | Taiwan | Up to three days per year. |
| Night Shift Allowance | Taiwan / Dongguan | Provide night shift allowance. |
| Library / Gym / Basketball Court | Taiwan | Employees can use these facilities free of charge. |
| Employee Stock Ownership Trust | Taiwan | Employees with more than one year of service are eligible to join the trust program, where 50% of their self-contributed funds are allocated as stock rewards. |
Employee Stock Ownership Trust Plan
To encourage employees to hold EDT's stock for a long time, enhance colleagues' attention and solidarity to our operating performance, and improve the level of benefits to strengthen the competitiveness of corporate talents, we handle the employee stock ownership trust plan. Anyone who has worked for more than 1-year (including) can join the plan and can decide the monthly withdrawal amount within the upper limit set by the company. It will be used to purchase EDT’s stocks on a regular basis. In addition, we will allocate 50% of the employee’s monthly withdrawal amount as a shareholding bonus.
Protection measures for employees’ working environment and personal safety
The Company follows the Occupational Safety and Health Act and the related requirements of stakeholders regarding occupational safety and health, and has established the Company’s Environmental, Health, and Safety (EHS) policy. The following commitments and declarations are made regarding EHS operations and management:
- Compliance with EHS-related regulatory requirements.
- Prevention of occupational accidents, diseases, and pollution incidents.
- Enhancement of EHS awareness.
- Implementation of EHS communication and consultation.
- Continuous improvement of EHS performance.
- Execution of EHS risk management.
- Implementation of green product design.
We have an industrial safety planning department that regularly checks the implementation of environmental protection, safety, and fire protection in each unit of the company. In addition, there are “Employee Health Examination Management Regulations” and “Disaster Prevention and Emergency Response Operation Regulations” to conduct regular employee health examinations, and to minimize disasters when emergencies occur. We have also set up a clinic with on-site nurses and on-site physicians to provide appropriate medical assistance.
In 2024, there were five occupational accidents, involving five employees or accounting for 0.60% of the total number of employees at the end of same year. The frequency of incapacitating injuries was 0.71. After a thorough review, multiple improvement measures have been formulated to ensure safety. In the event of a machine malfunction, the operator must first report to the supervisor and turn off the power before allowing maintenance personnel to perform repairs, to prevent injury when attempting to fix the issue independently. To avoid foot injuries from work cart wheels, it is strictly prohibited to stand in front of the cart while pulling it forward. Motorcycles should be turned off before being parked in the parking area to avoid the risk of the vehicle surging forward and causing injury. After parking, employees should walk in pedestrian pathways and avoid crossing vehicle parking zones to prevent accidental falls. Additionally, motion-sensor lights have been installed in factory stairways to prevent falls caused by poor lighting, ensuring the safety of employees during their work shifts. The work safety education, training, and publicity for employees were 916 people/2,748 hours and 915 people/2,856 hours in 2024 and 2023, respectively, in order to strengthen the awareness of work safety of employees.
In 2024, there was an incident of smoke escaping from the storeroom at the Company’s headquarters, and after the emergency evacuation of all employees, no one was injured, and the scene of the incident was immediately controlled. There were no fire cases in the remaining subsidiaries. The Company thoroughly reviewed the cause of the incident to put forward improvement measures, first of all, strengthen the control of electrical appliances and batteries and the frequency of 6S audits in the workplace, increase the number of fire education and training and escape drills, and improve the specifications of fire building materials to repair the damaged place, so as to eliminate the possibility of recurrence of the incident.
Our Taiwan factory has achieved ISO45001:2018 certification for occupational safety and health. The latest certificate is valid from February 23, 2024 to February 22, 2027.
Environmental protection, safety, fire protection implementation content and inspection frequency:
Adopt codes for environmental safety management.
Fire prevention and facility safety
- Monthly maintenance and inspection of lift by commissioned maintenance company, annual review by qualified inspection agency.
- Fire and high pressure gas equipment inspection by industrial safety division, annual review by qualified inspection agency.
Health and hygiene
- Biannual operations environment check.
- Annual physical examinations and particular physical checkups for employees.
- Infirmaries are equipped with on-site nurses and occupational doctors to provide the appropriate medical assistance.
Establish managerial unit and personal for safety and hygiene:
- Establish safety and hygiene managerial unit in accordance with the Occupational Safety and Health Act.
- Equip operating site with emergency personnel and arrange refresher training in accordance with the Occupational Safety and Health Act.
- Operators of organic solvents, specific chemicals, dangerous machinery and equipment, and high-pressure gas equipment must be trained and have a licensed certificate. Refresher training is to be arranged in accordance with the Occupational Safety and Health Act.
- Hold monthly environment safety meetings and discuss issues related to environment safety.
- Arrange fire and safely audit every month.
Employee Retirement System
EDT follow the Taiwan government’s related regulations to monthly allocate retirement preparation funds based on 2% of the total salary to a saving account in the Bank of Taiwan as retirement payment for the employee’s seniority in old pension system of the Labor Standard Laws. For employees (including informal employees) with the Labor Pension Act in the new pension system, 6% of the total salary will be allocated monthly to a personal account of retirement fund in the Bureau of Labor Insurance. The Labor pension supervisory committee has been established and government organizations notified in accordance with regulations. The committee is responsible for matters related to allocations of the employee retirement reserve funds.
We have adopted codes for employee retirement and full-time employees are all applicable from their date of employment. The conditions and procedures for employees applying for retirement are as follows:
An employee may apply for voluntary retirement under any of the following conditions:
- An employee reaches the age of 55 and has worked for 15 years.
- An employee has worked for more than 25 years.
- An employee attains the age of 60 and has worked for 10 years.
An employer shall not force a worker to retire unless any of the following situations has occurred:
- An employee attains the age of 65. The Company may request the competent central authority to adjust the age prescribed if the specific job entails risk, requires substantial physical strength or otherwise of a special nature, provided that the age shall not be reduced to below 55.
- An employee who is unable to perform his/her duties due to disability.
The criteria for payment of employee pensions:
- According to the old pension system of the Labor Standard Laws, two bases are given for each full year of service rendered. But for the rest of the years over 15 years, one base is given for each full year of service rendered. The total number of bases shall be no more than 45. The length of service is calculated as half year when it is less than six months and as one year when it is more than six months, however, an additional 20% on top of the amount calculated according to the preceding subparagraph shall be given to workers forced to retire due to disability incurred from the execution of their duties.
- According to the new pension system of the Labor Pension Act, the Company allocates 6% of the monthly salary according to Salary Grading Table as retirement benefit and this amount shall be deposited to the employee’s pension account. An employee shall contribute voluntarily no more than 6% of his/her monthly salary to the above account as retirement pension.
The procedure of pension payment:
EDT shall pay the pensions within 30 days from the day of retirement according to the old pension system of the Labor Standard Laws. Employees claiming retirement benefits shall open a specific account with necessary documents at a financial institution for the deposit of retirement benefits.
Pension for overseas subsidiaries is of defined contribution plan and social security payments for pension and health care are made each month in accordance with local government regulations.
For the labors who are adapting to old pension system of the Labor Standard Laws, EDT has accumulated NT$157,783 thousand as retirement preparation funds by the end of 2024; while EDT totally allocates NT$26,933 thousand for the labors who are adapting to new pension system of the Labor Pension Act in 2024.
Five people retired and departed according to relevant retirement regulations in the same year.
According to the amendment to Article 54 of the Labor Standards Act effective on July 15, 2024, employers and employees may negotiate to extend the mandatory retirement age beyond 65 to a specific age by mutual agreement. If either party disagrees, the Company may still proceed with the retirement process according to the aforementioned procedure.
