The 22nd term of directors (including independent directors) of the Company were elected in accordance with the provisions of the “Articles of Association” of the Company and the “Procedures for Election of Directors” at the 1st extraordinary general meeting in 2023, which was held on May 29, 2023. All directors were elected from the nomination list prepared by the Company with the term of office of 3 years. The 22nd term of Board of Directors consists of seven directors and four independent directors. Among the directors, there are three directors under the age of 50, two between the ages of 51 and 60, and six over the age of 61, including three female directors.

Total 40 meetings of the Board of Directors were held in 2022, with an overall average attendance of 95%. Each meeting of the Board of Directors was convened and chaired by the President, and the meeting agenda and data were provided to all directors seven days in advance to ensure that the directors have sufficient information to participate in the discussion of the proposal and decision-making. All directors exercise a high degree of self-discipline. When a director or a juristic person represented by the director is an interested party with respect to any proposal for a board meeting, which may impair the interest of the Company, did not participate in discussion or voting on that proposal due to recusal, and did not exercise the voting right on behalf of another director.

The Company also arranged continuing education courses, such as “Guidance on Legal Compliance for Insiders to Report Shareholding”, “Laws and Regulations on Corporate Governance and Securities”, so as to promote the Board of Directors to supervise and guide the Company and the management team.