Board Diversity Policy
Article 20 of the Company's Corporate Governance Practices:
The composition of the board of directors should consider diversity. In addition to the requirement that no more than one-third of the directors also serve as company managers, the following two main criteria should be considered:
1.Basic qualifications and values: gender, age, nationality, and culture, etc.
2.Professional knowledge and skills.
The board of directors should possess the following overall capabilities:
Operational judgment;
Accounting and financial analysis skills;
Business management skills;
Crisis management skills;
Industry knowledge;
International market perspective;
Leadership skills;
Decision-making skills.
Article 21 of our Corporate Governance Practices states: Unless otherwise approved by the competent authority, more than half of the directors of our company must hold any of the seats, and none of them must be spouses or relatives within two degrees of kinship.
(Currently, only the corporate director representative, Chairman Wang Xuan-yi, and Director Wang Heng are relatives.)
Board member
| job title | Name / Legal Representative | learning experience | Currently holding positions in this company and other companies. | Explanation (Diversification Policy) |
| Chairman | Hong Kong Golden Eagle International Trading Co., Ltd. (Legal Representative: Wang Xuanyi) | Bachelor of Arts in History/Art History from UCLA | Vice Chairman of Golden Eagle International Group; Director of Golden Eagle Art Museum | Vice Chairman of Golden Eagle International Group; Director of Golden Eagle Art Museum |
| director | Hong Kong Golden Eagle International Trading Co., Ltd. (Legal Representative: Wang Xuanyi) | Master of Business Administration, Southeast Louisiana University | Chairman of Golden Eagle International Group | Practical management experience, not a manager of this company |
| director | Hong Kong Golden Eagle International Trading Co., Ltd. (Legal Representative: Wang Xuanyi) | Master of Business Administration and Honorary Doctor of Law from Indiana State University, USA | Chairman of Fudelong Asset Management Co., Ltd. | Practical management and international investment experience; not a manager of this company. |
| independent director | Li Yiqin | Ph.D. (1989) and M.S. (1985), Resource Planning & Management, Stanford University | Partner/Managing Director, Lantao Asia Limited | Practical management and international investment experience; 3rd term of independent director; non-managerial. |
| independent director | Bian Shijie | PhD in Mechanical Engineering from the University of Illinois at Urbana-Champaign | Honorary Advisor of the Factory Association of Tongluo Industrial Park, Miaoli County | Practical management experience; First term of independent director; Non-managerial |
| independent director | Tian Zhenqing | Department of Law, Fu Jen Catholic University; passed the bar exam | Attorney in charge at Dingli Law Firm; Director of Guoqiao Petrochemical | Legal expertise; 2nd term of independent director; non-managerial. |
| independent director | Lei Renkun | Department of Physics, Chung Yuan Christian University; Master of Business Administration, Juilliard University, USA | Independent Director of Fuhua Electronics Co., Ltd.; Independent Director of Golden Eagle Retail Group Co., Ltd. | International management experience; independent director; non-managerial staff |
Audit Committee Introduction:
This committee consists of all independent directors, with a minimum of three members, one of whom serves as the convener, and at least one member must possess accounting or finance expertise. Independent directors serve a three-year term and are eligible for re-election; if a director's removal results in a shortage of directors, a replacement should be elected as soon as possible in accordance with regulations.
List of members
| job title | Name / Legal Representative | learning experience | Currently holding positions in this company and other companies. | Explanation (Diversification Policy) |
| convene members | Tian Zhenqing | Department of Law, Fu Jen Catholic University; passed the bar exam | Attorney in charge at Dingli Law Firm; Director of Guoqiao Petrochemical | Legal expertise; 2nd term of independent director; non-managerial. |
| member | Bian Shijie | PhD in Mechanical Engineering from the University of Illinois at Urbana-Champaign | Honorary Advisor of the Factory Association of Tongluo Industrial Park, Miaoli County | Practical management experience; First term of independent director; Non-managerial |
| member | Li Yiqin | Ph.D. (1989) and M.S. (1985), Resource Planning & Management, Stanford University | Partner/Managing Director, Lantao Asia Limited | Practical management and international investment experience; 3rd term of independent director; non-managerial. |
| member | Lei Renkun | Department of Physics, Chung Yuan Christian University; Master of Business Administration, Juilliard University, USA | Independent Director of Fuhua Electronics Co., Ltd.; Independent Director of Golden Eagle Retail Group Co., Ltd. | International management experience; independent director; non-managerial staff |
Responsibilities and Key Tasks
1.Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act. (Approved and submitted to the Board of Directors in March 2025 and August 2025)
2.Review the assessment of the effectiveness of the internal control system. (Issued an internal control statement and submitted to the Board of Directors in March 2025)
3.Procedures for handling significant financial transactions (acquisition/disposal of assets, derivatives, lending, endorsement, or guarantee) pursuant to Article 36-1 of the Securities and Exchange Act. (Not yet occurred)
4.Matters involving the personal interests of directors. (Not yet occurred)
5.Significant asset or derivative transactions. (Not occurred)
6.Significant loans, endorsements, or guarantees. (Not occurred)
7.Issuance, offering, or private placement of equity-related securities. (Not occurred)
8.Appointment, dismissal, or remuneration of the certified public accountant. (Discussed and approved by the Board of Directors in November 2025)
9.Appointment or dismissal of the chief financial officer, accountant, or internal audit officer. (Not yet occurred)
10.Review of annual and semi-annual financial reports. (Routine discussions and reports to the Board of Directors in March 2025, May 2025, August 2025, and November 2025)
11.Other material matters required by the company or regulatory authorities.
Resolutions on the aforementioned matters require the consent of more than half of all members of this committee and must be submitted to the board of directors for a resolution.
Meeting minutes (2025)
| Date | Motion content | Resolution result |
| 2025/3/7 | 2024 Annual Financial Report 2024 Internal Control Statement Internal Control Management Measures Auditor's Competency and Independence |
The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
| 2025/5/13 | 2025 Q1 Financial Report | The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
| 2025/8/6 | 2025 Q2 Financial Report Internal Control Management Measures | The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
| 2025/11/7 | 2025 Q3 Financial Report 2026 Accountant Fees 2026 Audit Plan |
The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
Compensation and Remuneration Committee
Introduction: Members of this committee are appointed by resolution of the Board of Directors and shall number no fewer than three, one of whom shall be the convener. Members must meet relevant qualifications and restrictions, and their term of office shall be the same as the term of the Board of Directors. If, for any reason, a member is dismissed, resulting in a number of less than three members, a replacement shall be appointed within three months.
List of Committee Members
| job title | Name / Legal Representative | learning experience | Currently holding positions in this company and other companies. | Explanation (Diversification Policy) |
| convene members | Li Yiqin | Ph.D. (1989) and M.S. (1985), Resource Planning & Management, Stanford University | Partner/Managing Director, Lantao Asia Limited | Practical management and international investment experience; 3rd term of independent director; non-managerial. |
| members | Tian Zhenqing | Department of Law, Fu Jen Catholic University; passed the bar exam | Attorney in charge at Dingli Law Firm; Director of Guoqiao Petrochemical | Legal expertise; 2nd term of independent director; non-managerial. |
| members | Bian Shijie | PhD in Mechanical Engineering from the University of Illinois at Urbana-Champaign | Honorary Advisor of the Factory Association of Tongluo Industrial Park, Miaoli County | Practical management experience; First term of independent director; Non-managerial |
| members | Lei Renkun | Department of Physics, Chung Yuan Christian University; Master of Business Administration, Juilliard University, USA | Independent Director of Fuhua Electronics Co., Ltd.; Independent Director of Golden Eagle Retail Group Co., Ltd. | International management experience; independent director; non-managerial staff |
Responsibilities and Key Tasks:
Establish and regularly review the remuneration policies, systems, standards, and structures for directors and managers, and disclose performance evaluation standards in the annual report.
Regularly evaluate the achievement of performance targets by directors and managers, and determine individual remuneration details and amounts based on the evaluation results.
Meeting Minutes (2025)
| Date | Motion content | Resolution result |
| 2025/3/7 | Managerial Remuneration Case; Employee and Director Compensation Distribution Case |
The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
| 2025/5/13 | Managerial and employee compensation payment case | The resolution was approved by all committee members and will be submitted to the board of directors for final approval. |
Performance Evaluation of the Board of Directors and Functional Committees
Evaluation Method: In accordance with the "Self-Assessment Method of the Board of Directors", member self-assessment and peer assessment were adopted. The most recent (2024 fiscal year) results were good. The Board of Directors completed the performance evaluation report in March 2025. The Board of Directors and all functional committees are operating well.