Diversity on the Board of Directors

In accordance with Article 20 of the Company's Code of Corporate Governance, the composition of the Board of Directors shall take into account diversity. In addition to the fact that the number of directors who are also managers of the Company shall not exceed one-third of the total number of directors, appropriate diversity guidelines shall be formulated with respect to the Company's operation, business model and development needs, which shall include but not be limited to the following two major criteria:
A.Basic criteria and values: gender, age, nationality and culture, etc.
B.Professional knowledge and skills: Professional background (e.g., law, accounting, industry, finance, marketing or technology), professional skills and industry experience.

The Board members shall generally possess the knowledge, skills and qualities necessary to carry out their duties. To achieve the desired objectives of corporate governance, the Board as a whole shall have the following competencies:
A.Operational judgment.
B.Accounting and financial analysis skills.
C.Operational management skills.
D.Crisis management skills.
E.Industry knowledge.
F.Global market view.
G.Leadership skills.
H.Decision making skills.

Independence of the Board of Directors

The Company's current Board of Directors consists of eleven members, including four independent directors and three directors with employee status (36.36% and 27.27% of the total number of directors), meets the goal of not being less than three and one-third of the directors' seats held by Independent Directors, and Directors who concurrently serve as the Company managers should not exceed one-third of the directors' seats. 

As of the end of 2022, the independent directors are in compliance with the regulations of the Securities and Futures Bureau of the Financial Supervisory Commission regarding independent directors, and there are no cases of Paragraphs 3 and 4 under Article 26-3 of the Securities and Exchange Act between each director and independent director. For the independence of the Board of Directors, please refer to pages 29-31 of this annual report - Disclosure of Professional Qualifications of Directors and Independence of Independent Directors, and for the education, gender and work experience of each director, please refer to pages 27-28 of this annual report - Information of Directors.