Board of Directors Meeting

Members of The 12th Batch of Board of Directors

Title Name Gender Background and Experience
Chairman Honghou Investment
Representative of legal person: Wen-Tung Chou
Male Corporate Leadership concentration of the EMBA program at National Chung Hsing University
Department of Mechanical Engineering at National Taipei University of Technology, factory manager of Formosa Chemicals and Fibre Corporation
Director Ming-Yi Lai Male Master's degree from the Department of Business Administration of National Changhua University of Education. Vice president in sales at Acelon
Director Ya-Hui Shih Female Department of Business Administration of Kindai University in Japan
Director Chin Ying Fa Mechanical Industry. Representative of legal person: Sung-Lin Shih Male Xihu Elementary School. Chairman of Chin Ying Fa Mechanical Industry. Chairman of Chuan Ying Company.
Director Dihao Trading. Representative of legal person: Yi-Sheng Lin Male Master's degree from the Department of Business Administration of National Changhua University of Education
Director Bing-Yi Chou Female Master of Science in finance from the University of Utah. Auditor at Deloitte Taiwan. Department of Taxation of PwC Taiwan.
Director Wen-Po Yang Male Department of Water Resources and Environmental Engineering of Tamkang University
Independent Director Shui-Chin Chen Male Department of Accounting of Soochow University
Master’s degree from the Department of Business Administration of National Chung Cheng University
CPA of Yuan-Sheng CPA Associates
Independent directors at Merida, Cheng Shin Rubber Industry and San Neng Group Holdings
Independent Director Wan-Chung Chen Male EMBA of National Sun Yat-Sen University
Department of Chemical Engineering at National Taipei University of Technology, factory manager of Formosa Chemicals and Fibre Corporation
Chief engineer at Cathay Biotech Inc.
Independent Director Tsai Ke Male Master's degree from the Department of Insurance of Chaoyang University of Technology. Chairman of Long-Bao Life Technology.

Diversity of The Board

In order to effectively reinforce the functions of the Company’s board of directors and improve its structure, the Company has established the "Board Diversity Policy," expecting to improve decision-making capabilities and effectively deal with organizational changes. It is hoped that the diverse experience of directors will continue to strengthen corporate governance and operating synergy.

Important Resolutions From Recent Board Meetings

Date Important Resolutions
2021.01.26
14th time of the 11th batch
  1. Approved the 2021 CPA auditing fees.
  2. Approved endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology.
  3. Approved the lending of funds to the subsidiary Acegreen Eco-Material Technology.
  4. Approved the amendment to the "Year-End Bonus Policy."
  5. Approved the Salary and Remuneration Committee’s review of the Company's itemized payment of salary and remuneration to managers in 2021 and the distribution of year-end bonuses and incentive in 2020.
  6. Approved the Salary and Remuneration Committee’s review of the Company's 2021 salary and remuneration for directors and supervisors.
2021.03.24
15th time of the 11th batch
  1. Approved the Company's 2020 financial statements.
  2. Approved the Company's efforts to make up for the losses of 2020.
After the 2020 year-end reconciliation, the Company has to make up for the loss of
NT$177,354,000. Therefore, no bonuses will be distributed to employees, directors and supervisors and no dividends will be issued.
  1. Approved the convening date of the 2021 shareholders general meeting and the topics to be discussed in the meeting.
  2. Approved amendments to the Company's "Articles of Incorporation."
  3. Approved amendments to the "Measures for Handling Acquisition or Disposal of Assets."
  4. Approved amendments to the "Measures for Handling Acquisition or Disposal of Assets."
  5. Approved amendments to the "Procedures for Endorsements and Guarantees."
  6. Approved amendments to the "Procedures for Lending Funds to Others."
  7. Approved amendments to the "Procedures for Derivatives Transactions."
  8. Approved the 2020 Statement on Internal Control.
2021.05.06
16th time of the 11th batch
  1. Approved the 2021 Q1 consolidated financial statements.
  2. Approved the addition of reasons for convening the 2021 shareholders general meeting.
  3. Approved endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology.
2021.06.11
16th time of the 11th batch
  1. Approved the date change for the 2021 shareholders general meeting.
  2. Approved the disposal of the Company's land plots in Gukeng Township of Yunlin County.
  3. Approved endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology.
2021.08.05
16th time of the 11th batch
  1. Approved the ratification of the 2021 Q2 consolidated financial statements.
  2. Approved the Company's project implementation of employee share ownership trust plan.
  3. Approved the Company’s manager remuneration increase proposal in 2021.
  4. Approved the Company's distribution of managers' performance bonus in 2021.
  5. Approved the Company's purchase of machinery to be used at its Fangyuan plant.
  6. Approved the cancellation of endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology.
2021.08.20
1st time of the 12th batch
  1. Approved the election of the Company's chairman for the 12th batch of board of directors.
  2. Approved the appointment of members of the 5th batch of the Salary and Remuneration Committee.
  3. Approved the purchase of liability insurance policies for directors, supervisors and key employees.
2021.11.04
2nd time of the 12th batch
  1. Approved the ratification of the 2021 Q3 consolidated financial statements.
  2. Approved the lending of funds to the subsidiary Acegreen Eco-Material Technology.
  3. Approved endorsements and guarantees to the subsidiary Acegreen Eco-Material Technology.
  4. Approved the Company's cash capital increase for the subsidiary Acegreen Eco-Material Technology.
 
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