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 11 members, including 4 Independent Directors and 3 Directors with employee status (accounting for 36.36% and 27.27% of the total number of Directors, respectively). This composition aligns with the goal of having no fewer than 3 Independent Directors, one-third of the Directors' seats held by Independent Directors, and Directors who concurrently serve as the Company managers not exceeding one-third of the Directors' seats. As of the end of 2023, all independent directors had complied with the requirements set by the Securities and Futures Bureau, Financial Supervisory Commission regarding independent directors. The majority of the board members did not have spouses or relatives within the second degree of kinship (Chairman Ching-Yuan Wu, Vice Chairman Li-Chu Wu, and Director Yi-Cheng Wu are relatives within the second degree of kinship); there were no spousal relationships or relatives within the second degree of kinship between independent directors or between independent directors and other directors.