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Board of Directors

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 30th, 2023 and May 26th, 2026. 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 9th directors (including independent directors).

Candidate Backgrounds

The list of the 10th directors nominated by the board of directors is as follows:

Candidate backgrounds
Title Name Academic Qualifications and Principal Work Experience Positions Held Concurrently In the Company and/or Any Other Company
Independent Director Wen-I Lo
  • Master of Business Administration, National ChengChi University
  • Vice President of CDIB Capital Management Corporation
  • President of China Venture Management, Inc.
  • President of R.O.C. Strategic Company Ltd.
  • President of R.O.C. Venture Co., Ltd.
  • Independent Director of Taiflex Scientific Co., Ltd.
  • Remuneration Committee member of ADO Optronics Corporation
  • Corporate Representative Director of Gemtek Technology Co., Ltd.
  • Supervisor of Sweepot Inc.
  • Chairperson of FengYi Capital Management Co., Ltd.
  • Chairperson of CSX Material Co., Ltd.
  • Corporate Representative Director of PCL (Hsinchu) Co., Ltd.
  • Supervisor of Wholesenses Global Corp.
Independent Director Yung-Shun Chuang
  • Honorary Ph.D., National Taiwan University of Science and Technology
  • Chairperson of AAEON Technology Inc.
  • Chairperson of EverFocus Electronics Corporation
  • Chairperson of ONYX Healthcare Inc.
  • Chairperson of JETWAY INFORMATION Co.,Ltd
  • Director of MACHVISION Inc.
  • Director of King Core Electronics Inc.
  • Director of CHC Healthcare Group
  • Director of Winmate Inc.
  • Director of XAC Automation Corp.
  • Director of AtechOEM Inc.
  • Director of IBASE Technology Inc.
  • Director of Litemax Electronics Inc.
  • Director of ALLIED BIOTECH CORP.
  • Independent Director of Top Union Electronics Corp.
Independent Director Shi-Chern Yen
  • Ph.D. in Chemical Engineering, University of Wisconsin
  • Independent Director of Taiflex Scientific Co., Ltd.
  • Emeritus professor and adjunct professor of Chemical Engineering, National Taiwan University
  • Independent Director of E Ink Holdings Inc.

Election Process and Results

The 10th Board of Directors was elected at the 2023 Taiflex Annual Shareholders' Meeting. The newly elected board is composed of nine directors, including three new independent directors: Mr. Wen-I Lo, Hsu, Mr. Yung-Shun Chuang and Mr. Shi-Chern Yen.

Election results of the three Independent Directors are as follows:

Title Candidate Votes obtained
Independent Director Wen-I Lo 143,380,706
Independent Director Yung-Shun Chuang 143,351,920
Independent Director Shi-Chern Yen 143,336,475