Board of Directors

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Board of Directors

Chairman
Lin, Tsai-Hsiang
Feng Hsin Steel Co., Ltd.

Director
Liu, Ming-Tsung
Tung Ho Steel Enterprise Corp.

Director
Hsiao, Yao-Ying
Tung Ho Steel Enterprise Corp.

Director
Huang, Wei-Han
Hai Kwang Enterprise Corporation

Director
Huang, Huang-Chang
Shyeh Sheng Fuat Steel & Iron Works Co., Ltd.

Director
Chen, Mei-Hui
Chien Shun Steel Co., Ltd.

Director
Lin, Kai-Ming
Chengchuang Investment Co., Ltd

Independent Director
Wu, Chuan-Chuan

Independent Director
Chang, Tien-Chin

Professor, Institute of Environmental Engineering and Management, National Taipei University of Technology,
Associate Technical Specialist, Department of Labor Inspection, Council of Labor Affairs, Executive Yuan
Head of Department of Civil Engineering, National Taipei University of Technology
Chairman of Taiwan Water Environment Regeneration Association
Director of R&D Center, National Taipei University of Technology
Dean of the College of Engineering, National Taipei University of Technology

Independent Director
Huang, Xiao-Xin

Independent Director
Wu, Gen-Cheng

Board professionalism

According to Section 4.5.4. of the Company’s ” Corporate Governance Best Practice Principles “, directors should generally possess the knowledge, skills and discipline necessary to perform their duties. In order to achieve the ideal goal of corporate governance, the overall board of directors should have the following capabilities:

Operational judgment capability
Accounting and financial analysis capability
Operation and Management capability
Crisis management capability
Industry knowledge
International market perspective
Leadership capability
Decision-making capability

Diversity of Board Members:

To strengthen corporate governance and facilitate the sound development of the composition and structure of the Board, Section 4.5.3. of the “Corporate Governance Best Practice Principles” has pointed out that the candidate of board member shall be considered in addition to Company’s business model, future development needs, and major shareholders’ shareholdings status, but also evaluate various aspects of diversity backgrounds, such as basic criteria and values (such as gender, nationality, age, and culture), professional backgrounds (such as law, accounting, industry, finance, marketing, or technology), and professional skills, and industry experience.

The current Board of Directors of the Company is composed of 11 directors, including four independent directors. All Board members have extensive experience and expertise in the fields of industry knowledge, financial accounting, business, and management. Moreover, the Company pays attention to gender equality in the composition of the Board. We hope that there shall be at least one female director on the Board to bring the ratio of female directors to 9% or higher. At present, the female director of the 11^th Board of Directors is Ms. Chen, Mei-Hui. The implementation of the diversity of Board members is listed as follows:

Name of Director	Basic				Diversified Core Capability
	Gender	Employee	Age		Operational Judgment	Accounting and Financial Analysis	Business Management	Crisis Management	Industry Knowledge	International Market Perspective	Leadership	Decision-Making
	Gender	Employee	30–60	Over 60	Operational Judgment	Accounting and Financial Analysis	Business Management	Crisis Management	Industry Knowledge	International Market Perspective	Leadership	Decision-Making
Lin, Tsai-Hsiang (Chairman)	Male	●	●		●	●	●	●	●	●	●	●
Liu, Ming-Tsung (Director)	Male		●		●	●	●	●	●	●	●	●
Hsiao ,Yao-Ying (Director)	Male			●	●	●	●	●	●	●	●	●
Huang, Huang-Chang (Director)	Male			●	●	●	●	●	●	●	●	●
Huang, Wei-Han (Director)	Male		●		●	●	●	●	●	●	●	●
Chen, Mei-Hui (Director)	Female		●		●	●	●		●	●	●	●
Lin, Kai-Ming (Director)	Male		●		●	●	●	●	●	●	●	●
Wu, Chuan-Chuan (Independent Director)	Male			●	●	●	●	●		●	●	●
Chang, Tien-Chin (Independent Director)	Male			●	●		●	●	●	●	●	●
Huang, Xiao-Xin (Independent Director)	Male			●	●		●	●	●	●	●	●
Wu, Gen-Cheng (Independent Director)	Male			●	●		●	●	●	●	●	●

Succession planning for Board members and critical management personnel:

Succession planning for Board members:

Regarding the succession planning of the Board of Directors, the Company’s directors are appointed by institutional shareholders, who designates personnel with relevant abilities in business, financial accounting, or corporate governance. As independent directors shall have work experience required for the fields of business, legal affairs, finance, accounting, or the Company’s business in accordance with the law, they are selected by professionals from the domestic academic circle and the domestic industry.

Succession planning for management personnel:

The Company regularly reviews and selects a list of employees with potential at all levels, and offers internal/external training programs on professional skills, management skills, communication skills, or job rotation.

Reviewed by the Remuneration and Nomination Committee and approved by the Board of Directors, a total of 4 individuals were promoted in 2025 (including 1 CEO, 1 General Manager, 1 Deputy General Manager, and 1 Manager).

Member of the Audit Committee

Title	Name
Chairman	Wu, Chuan-Chuan
Member	Chang, Tien-Chin
Member	Huang, Xiao-Xin
Member	Wu, Gen-Cheng

Introduction to the operation of the Audit Committee

The Audit Committee aims to establish the supervisory responsibilities of the board of directors and strengthen the management mechanism of the board of directors. Its main purpose is to supervise the following matters:

Appropriate expression of the company’s financial statements
Hiring or dismissal of an attesting CPA, evaluation of its independency and performance
Effective implementation of the company’s internal control
Legal compliance
Control of existing or potential risks of the company

The Audit Committee of the company is composed of all independent directors. Within the scope of their powers, they may request relevant department managers, internal auditors, CPA, legal advisers or other personnel to attend their meeting and provide relevant and necessary information.

Member of the Remuneration and Nomination Committee

Title	Name
Chairman	Huang, Xiao-Xin
member	Wu, Chuan-Chuan
member	Chang, Tien-Chin
member	Wu, Gen-Cheng

Introduction to the operation of the Remuneration Committee

The Remuneration and Nominiation Committee aims to improve the remuneration system for directors and managers of the company. The powers and responsibilities of the Company’s Remuneration and Nominiation Committee includes:

Formulate and review the Company’s performance evaluation standards, annual and long-term performance targets, as well as policy, system, standards, and structure of remuneration regularly for directors and managers.
Evaluate the achievement of the performance targets of the Company’s directors and managers regularly, and determine the content and amount of their individual remuneration based on the evaluation results on the basis of the performance evaluation standards.
Review the Company’s remuneration committee policy and regulations and propose amendments recommendation regularly.

The Remuneration and Nominiation Committee of the company is composed of all independent directors. Within the scope of their powers, they may request relevant department managers, internal auditors, CPA, legal advisers or other personnel to attend their meeting and provide relevant and necessary information.

The Remuneration and Nomination Committee holds at least two regular meetings every year. Regarding the meeting convening status of this Committee and the attendance rate of each member, please refer to the company’s annual reports for each year.

Date of the Remuneration and Nomination Committee meeting	Content of motion	Resolution results
8^th meeting of 4^th term on 2025.01.20	Discussion on the Distribution of Directors’ Remuneration for 2024	Passed by all members of the committee
	Discussion on the Distribution of Employees’ Remuneration for 2024
	Review of the Employees’ Remuneration for Executive Officers for 2024
	Proposal for Adjustments to the Company’s Base Salary Grade Table
9^th meeting of 4^th term on 2025.04.22	Proposal for the Pension Payment Plan for the Chairman (CEO)	Passed by all members of the committee
	Proposal for the Change of CEO
	Proposal for the Change of GM
	Proposal for the Appointment of Deputy General Manager
	Proposal for Personnel Changes
1^st meeting of 5^th term on 2025.07.23	Proposal to Elect the Convener of the 5th Remuneration and Committee.
	Proposal for Personnel Changes
	Proposal for Personnel Changes
2^nd meeting of 5^th term on 2025.10.22	Proposal for the Salary Adjustment of the Sales Department No.2
6^th meeting of 4^th term on 2024.01.30	Proposal for the Company’s personnel change	Passed by all members of the committee
	Discussion on the Distribution of Directors’ Remuneration for 2023
	Discussion on the Distribution of Employees’ Remuneration for 2023
	Review of the Employees’ Remuneration for Executive Officers for 2023
	Proposal for Adjustments to the Company’s Base Salary Grade Table
7^th meeting of 4^th term on 2024.10.28	Amendment to the “Remuneration Committee Charter” of the Company
7^th meeting of 4^th term on 2024.10.28	Amendment to the “Regulations for Directors’ Compensation” of the Company

Member Attendance Status of the Remuneration and Nomination Committee for the Year:

Title	Name	Attendance in person	Attendance rate (%)	Remark
Convener	Huang, Xiao-Xin	4	100	–
Member	Chang, Tien-Chin	4	100	–
Member	Wu, Chuan-Chuan	4	100
Member	Wu, Gen-Cheng	2	100	The 5th Committee
Member	Lin, Hung-Tuan	2	100	The 4th Committee

Members of the Sustainable Development Committee

On January 21, 2012, the Company’s 9th Board of Directors, at its 15th meeting, resolved to establish a “Sustainability Development Committee,” composed of all independent directors.
All independent directors possess the professional competence required for this committee. The members of the third board and their key relevant experience are shown in the table below:

body	Name	Key Relevant Experience
convener	Chang, Tien-Chin	Professor and Director, Institute of Environmental Planning and Management, National Taipei University of Technology.
Committee	Huang, Xiao-Xin	Chairman of The Formosa Association of Resource Recycling
Committee	Wu, Gen-Cheng	Chairman of Ching Shih Finance Media Corporation
Committee	Wu, Chuan-Chuan	Accountant in Charge in Central Taiwan of KPMG in Taiwan

Introduction to the operation of the Sustainable Development Committee

On January 21, 2022, the Company’s 9th Board of Directors, at its 15th meeting, resolved to establish a “Sustainable Development Committee” composed of all independent directors. The committee has two functional groups: Corporate Sustainability Development and Sustainability Governance, which are respectively managed by the Occupational Safety and Health Department and the Management Department. Through senior executives from different fields, the committee will jointly review the Company’s core operational capabilities and formulate medium- and long-term sustainability development plans. 

The “Sustainable Development Committee” serves as a cross-departmental communication platform that integrates vertical and horizontal connections. It identifies sustainability issues of concern to the company’s operations and stakeholders, formulates corresponding strategies and work guidelines, plans and implements annual programs, tracks implementation results, ensures that sustainability strategies are fully implemented in the company’s daily operations, and reports to the Board of Directors every six months on sustainability implementation results and future work plans.

Situation of the Annual Meeting of the Sustainable Development Commission

Meeting Date	Proposal content	Resolution results
2nd Session, 7th Meeting , 2025.4.22	Reporting Matters Minutes and Implementation Status of the Last Meeting Summary Report on the Implementation Progress of Target Management in 2013 Report on Major Risk Identification Issues and Expected Responses in 2015 Items for discussion none	All attending committee members agreed to pass the resolution.
The 3rd session, 1st meeting, July 23, 2025.	Reporting Matters Minutes and Implementation Status of the Last Meeting Results of the Company’s 2024 Sustainable Responsibility Report Net Zero Emissions Promotion Group 114-Year Progress Report Items for discussion Nomination of the Convenor of the 3rd Sustainable Development Committee The Company’s 2024 Sustainability Report
3rd Session, 2nd Meeting, October 22, 2024	Reporting Matters Minutes and Implementation Status of the Last Meeting Summary Table of Target Management Implementation Progress in 2014 Items for discussion none
2nd Session, 4th Meeting , 2024.4.22	Reporting Matters Minutes and Implementation Status of the Last Meeting Post-Target Progress Tracking Summary Report Summary Report on the Implementation Progress of Target Management in 2012 Report on Major Risk Identification Issues and Expected Responses in 2014 Items for discussion none	All attending committee members agreed to pass the resolution.
2nd Session, 5th Meeting, July 24, 2024	Reporting Matters Minutes and Implementation Status of the Last Meeting Results of the Company’s 2023 Sustainable Responsibility Report Net Zero Emissions Promotion Group 113-Year Progress Report Items for discussion The Company’s 2023 Sustainability Report
2nd Session, 6th Meeting , 2024.10.28	Reporting Matters Minutes and Implementation Status of the Last Meeting Summary Report on the Implementation Progress of Target Management in 2012 Report on Major Risk Identification Issues and Expected Responses in 2014 Items for discussion Revise the Company’s “Sustainability Development Committee Organizational Regulations”

Attendance of members of the Sustainable Development Council in 2025

Name	Actual attendance	Attendance	Remark
Chang, Tien-Chin	3	100%
Huang, Xiao-Xin	3	100%
Wu, Chuan-Chuan	3	100%
Wu, Gen-Cheng	2	100%	3rd Committee
Lin, Hung-Tuan	1	100%	2nd Committee