Nomination and Election

As stated in Paragraph 1 of Article 14-2 of the Securities and Exchange Act: “A company that has issued stock in accordance with this Act may appoint independent directors in accordance with its articles of incorporation. The Competent Authority, however, shall as necessary in view of the company's scale, shareholder structure, type of operations, and other essential factors, require it to appoint independent directors, not less than two in number and not less than one-fifth of the total number of directors.” Therefore, the Company's Articles of Incorporation stipulates that the Taiflex Board of Directors shall be three independent directors at least, who are selected through a nomination and election process.

Nomination Process

Pursuant to the Article 192-1 of Company Act, Taiflex publicly announced on the Market Observation Post System that shareholders who hold 1% or more of the total number of shares issued by the Company are qualified to submit in writing a roster of independent director candidates to the Company between May 27th, 2026 and May 26th, 2029. During the nomination period, no shareholders proposed a list of candidates for directors (including independent directors). The board of directors proposes the list of candidates for the 11th directors (including independent directors).