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Intellectual Property Management

Far Eastern New Century Corporation (hereinafter referred to as “FENC”) has formulated the "Intellectual Property Management Policy” to protect the results of FENC’s innovation, research and development, to strengthen FENC’s long-term competitiveness and to effectively manage FENC’s intellectual property rights. The aforesaid policy was approved by FENC’s Board of Directors on November 12, 2020, and it contains the evaluation, application, management and protection of all patents, trade secrets, trademarks and copyrights. FENC has reported FENC’s intellectual property management and operations in 2023 to FENC’s Board of Directors on November 10, 2023 as follows:

  1. Achievements of intellectual property management
    1. In order to strengthen FENC’s intellectual property management, according to the rules and regulations of Taiwan Intellectual Property Management System (hereinafter referred to as “TIPS”), FENC has    implemented TIPS system and reinforced management measures for the acquisition, protection, maintenance and use of intellectual property, while creating a Patent and Trademark Management Manual and establishing a task force to implement TIPS and certification. In the end, FENC succeeded in obtaining Certificate of TIPS for Level A (Validity Period: 2023/12/29-2024/12/31) and improving intellectual property management capability and the results of FENC’s Corporate Governance Evaluation as well.

    2. In order to protect FENC’s confidential information and implement efficient management and safe protection of confidentiality, FENC has created a Confidential Information Management Manual.

    3. FENC has conducted on-the-job trainings on intellectual property to let employees have basic concept of intellectual property rights and FENC’s intellectual property management policy, while strengthening employees’ awareness of intellectual property rights protection and implementing FENC’s intellectual property management system.

  2. In order to strengthen continuously FENC’s intellectual property rights and management and to maintain FENC’s long-term competitiveness, FENC’s priorities since the fourth quarter of 2023 are as follows:
    1. In order to manage the risk and be well aware of the protection of FENC’s intellectual property, FENC continues to establish Standard Operating Procedures for managing any intellectual property rights infringement or disputes, including the procedure to process demand letters and the establishment of task force.
    2. In order to implement FENC’s Confidential Information Management Manual, FENC inventories its confidential documents, sets up the retention and confidentiality period of confidential information by category and conducts on-the-job trainings on confidential information management.
    3. FENC continues to improve its intellectual property management and plans to expand the implemented scope of TIPS, including intellectual property types and departments or upgrades, to establish a comprehensive management system.

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