Powers and responsibilities of the board of directors and implementation of diversity

The company's business and strategy should be supervised, managed and executed by the board of directors. Within the scope of the company's articles of association, Cayman company law and the company's instructions at the shareholders' meeting, the board of directors can exercise all the company's powers except those required by the Cayman company law or the articles of association to be exercised by the company at the shareholders' meeting.

The company advocates and respects the policy of diversification of directors. In order to strengthen corporate governance and promote the sound development of the composition and structure of the board of directors, it is believed that the policy of diversification can help improve the overall performance of the company. The selection and appointment of members of the board of directors is based on the principle of meritocracy. They have multiple complementary capabilities across industries, including basic composition (such as: age, gender, nationality, etc.) and their own industrial experience and related skills (such as: aviation, precision metal machinery, accounting, etc. , legal insurance, business marketing, information technology and public welfare undertakings, etc.), as well as business judgment, management leadership decision-making, industrial knowledge, international market outlook and crisis management capabilities. Strengthen the functions of the board of directors to achieve the ideal goal of corporate governance. For example, Article 20 of the company's "Code of Governance" clearly states the capabilities that the board of directors should possess as a whole.

Reviewed the 7 directors of the company's third board of directors, who have overall business judgment, leadership decision-making, business management, international market outlook, crisis management and other capabilities, and have industrial experience and professional capabilities; Chairman Chung has industry experience; Director Wang and Director Chen specialize in the fields of finance, bank insurance, financial accounting and risk management; Director Li is good at investment planning; and Chairman Lai has worked in legal affairs and risk control Judges, government consultants and arbitrators; directors Wang and Kuo are good at precision metal manufacturing, business management and have made significant contributions to public welfare.

The diversification, complementarity and implementation of directors have included and are better than the standards set out in Article 20 of the Company’s “Corporate Governance Code”; in the future, the diversification policy will be updated in a timely manner depending on the operation, operation model and development needs of the board of directors, including However, it is not limited to the two major standards of basic conditions and values, professional knowledge and skills, so as to ensure that members of the board of directors should generally have the knowledge, skills and accomplishments necessary to perform their duties.