Major resolutions of Board of Directors’ meeting:
1.The appointment of General Manager
2.To approve changes to organizational structure and personnel.
3.To deliberate the content and amount of new managers’ remuneration and compensation.
4.To deliberate the remuneration to directors and supervisors, and the bonus to managers.
5.To increase the investment to subsidiary, Shenzhen Taiflex Electronic Co., Ltd for USD 9,500,000 in order to meet the operational needs
6.To draw up endorsement and guarantee for subsidiaries.
7.To raise the upper limit on funds lent to subsidiaries.
8.To apply for rising in capital limit and contract renewal with corresponding banks to meet the company’s needs.
9.To provide the Letter of Comfort to subsidiary, Taiflex Scientific (Kunshan) Co., Ltd.
10.To deliberate over matters relating to the ex-dividend scheme for the fiscal year 2017.
11.To set a base date for financing for exercising employee stock options in 2017Q2.