The authority of The Board of Directors

The company's board of directors should guide the company's strategy, supervise the management, and be responsible to the company and shareholders. The various operations and arrangements of its corporate governance system should ensure that the board of directors exercises its powers in accordance with laws, the company's articles of association, or the resolutions of the shareholders' meeting.

Board of Directors and Functional Committee Members

Diversification and Independence of member in Board of Directors

The member with expertise in related field, act full function in Board of Directors in accordance with company operation requirement, beneficial to company key decision making and management supervision.

(1) Board Diversity:

The composition of the company's board of directors is based on Article 20 of the "Corporate Governance Best Practice Principles" and Article 3 of the "Procedure for Election Directors" and considers the diversity of board members from multiple aspects. The company has a total of 7 directors (including 3 independent directors), with the age range ranging from 31 to 80 years old. The company advocates and respects the policy of director diversity. In order to strengthen corporate governance and promote the sound development of the composition and structure of the board of directors, we believe that the diversity policy will help improve the company's overall performance. Board members are selected based on the principle of meritocracy and have diverse and complementary capabilities across industries, including basic conditions and values, such as gender and age. They also have industry experience and professional abilities, such as business judgment, financial accounting, Operation management, crisis management capabilities, industrial knowledge, international market outlook, leadership and decision-making abilities.

Specific management objectives and achievement status of the diversity policy:

The company's previous board of directors members are composed of people with different areas of expertise. The diversified core projects of the current members are as follows:

(2) Board Independence:
The company has a total of 7 directors, including 3 independent directors, accounting for 43% of the total seats. An audit committee has been set up to replace the supervisor in accordance with the law. There is no relationship between the directors beyond spouses and relatives within the second degree. The implementation of relevant Authority should be independent.


The succession planning of board of directors member and key operational manager

Member of board of directors

The election of director, except following the decree or constitution, shall follow company director election procedure considering the function of board and the result of performance evaluation to adjust the member. In succession planning, the successor shall meet company standard, capable to execute company management,

Key member of operation team is listed in the candidate of board of directors, establish the ability of strategy development and familiar with the operation of the board then to be the member of board after assessment.

Key operational manager

The succession planning of Key operational manager focus on talent development and explore potential employee with training program and unimpeded promotion chance, in order to meet future management level succession.

We encourage employee to have internal and external training to enhance the capability.

The manager follow operation organization to settle high and middle level manager. Middle level manager is the position substitute of high level manager to enhance the ability. We implement performance appraisal every 6 months through working observation and discussion of job function to select the successor.

To ensure company fast development, we will hire high level manager or explore potential middle level manager through job rotation or stationed abroad appropriately to strengthen operation team.