Election of Directors in 2023

The Board made a resolution on February 15, 2023 to handle the election of Directors at the 2023 Annual General Shareholders' Meeting on June 20, 2023. According to the Article of Incorporation of the Company, the number of directors to be elected is seven and three of them shall be independent director. The new director whose term of office shall be three years, from June 20, 2023 to June 19, 2026. The election of the Directors shall adopt the candidate nomination system provided in the Article 192-1 of the Company Act and the Article of Incorporation of the Company.

1. Nomination and Candidates

1. The Board made a resolution on March 10, 2023 to nominate four director candidates: Mr. Lin, Keng-Li (representative of Evergreen Marine Corp. (Taiwan) Ltd), Ms. Ko, Lee-Ching (representative of Evergreen Marine Corp. (Taiwan) Ltd), Mr. Tai, Jiin-Chyuan (representative of HUI Corp.), Ms. Lee, Mon-Ling (representative of Wei-Dar Development Co., Ltd.), and three independent director candidates: Mr. Liu, Nai-Ming, Mr. Lien, Yuan-Lung and Mr. Young, Chune-Ching. The professional knowledge, experiences and diverse background of all director candidates were in line with the Company's future development needs and the qualifications of three independent director candidates met the requirements of the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies”.

2. The nomination period for accepting the roster of director candidates was from February 27 to March 8, 2023. Any shareholder holding 1% or more of the outstanding shares issued by the Company may submit to the Company in writing a roster of director candidates. During the nomination period mentioned above, no shareholders submitted rosters of director candidates to the Company.

2. Election Results

• The seven directors of the Company were elected at the 2023 Annual General Shareholders' Meeting on June 20, 2023. The new directors were listed as below: