According to the company’s Article of Incorporation, there are 7 to 9 directors, and the term of office is three years. The election of the directors of the company adopts a candidate nomination system, and the shareholders’ meeting selects candidates from the list of candidates. The company’s board of directors currently has seven seats, of which four are independent directors.

The company’s board of directors has set up the following functional committees. Through various committees, each committee actively strengthens the functions of the board of directors to implement corporate governance.

(1) To improve the remuneration system of directors and managers of the company, the company established a remuneration committee approved by the board of directors on February 27, 2020, following the Securities and Exchange Act and relevant laws and regulations issued by the competent authority, with four independent directors form a committee.

(2) To implement the spirit of corporate governance, after the special shareholders meeting on February 18, 2020, all directors were re-elected, and by the relevant provisions of the Securities and Exchange Act and the Company Act, all independent directors formed the Audit Committee.

(3) In addition, under relevant laws and regulations, the company promptly announces important resolutions on the Market Observation Post System after each board meeting, to fully disclose information and protect shareholders’ rights and interests.

Performance Evaluation of the Board of Directors

The company has established the “Measures for Performance Evaluation of the Board of Directors,” and the measurement items include:

(1)the degree of participation in the operation of the company,

(2)enhancing the quality of decision-making of the Board of Directors,

(3)composition and structure of the Board of Directors,

(4)election and continuing education of directors,

(5)internal control.

The assessment results are divided into five levels: Outstanding, Good, Satisfactory, Dissatisfactory, and Immediate Improvement.