M&A Strategy Committee

In order to strengthen our corporate governance and implement the strategic guidance function of the Board of Directors, the Mergers and Acquisitions Strategy Committee (“M&A Strategy Committee”) has been established in accordance with Article 27 of the Corporate Governance Best Practice Principles. The M&A Strategy Committee is responsible for the strategic assessment of the Group's mergers and acquisitions cases and reports to the Board of Directors. To realize the sustainable operation of the Group, in addition to the discussion of specific merger and acquisition cases, the overall merger and acquisition strategy of the Group is regularly discussed in the M&A Strategy Committee. The Committee examines major global industry investment cases and trends, grasps the risks and opportunities brought about by changes in the external environment, and leverages the diverse expertise of the Directors to facilitate the achievement of the Company's short, medium, and long-term goals, as well as the sustainable development goals.

The establishment of this M&A Strategy Committee will not affect the exercise of the functions and powers of the Company’s Audit Committee. Mergers and acquisitions that should be resolved by the Audit Committee in accordance with relevant laws and regulations should still be reviewed by the Audit Committee in accordance with applicable laws and regulations.

The M&A Strategy Committee consists of three directors. Currently, the members of the M&A Strategy Committee are chairman Ming-Kai Tsai, independent director Peng-Heng Chang, and independent director Syaru Shirley Lin. Their professional competencies are listed in the following table:

M&A Strategy Committee Membership

Operation of M&A Strategy Committee

The committee has held one meetings in 2023 in accordance with M&A Strategy Committee Charter. All members of the committee attended the meeting with attendance rate of 100%.