The term of office for the Company’s 8th Board of Directors ended on July 29, 2024. In accordance with Article 195 of the Company Act, a full re-election of directors was required. At the shareholders’ meeting held on June 25, 2024, Taimay elected nine directors (including three independent directors) for a three-year term in accordance with the Company’s Articles of Incorporation. The newly elected directors assumed office immediately after the shareholders’ meeting, with the term running from June 25, 2024 to June 24, 2027, and are eligible for re-election. The Company adopts a candidate nomination system for the election of its directors.

Members of the 9th Board of Directors

Board of Directors’ Diversity Policy and the Status of Implementation

The Company adopts a “candidate nomination system” for the election of directors. Candidates for directors are nominated by the Board of Directors, and after the qualifications are approved, they are submitted to the shareholders’ meeting for election. The Company has stipulated in Article 20 of the “Corporate Governance Best Practice Principles” that the composition of the Board of Directors should be diversified and that the number of directors who are also managerial officers of the Company should not exceed one-third of the total number of directors and has developed an appropriate diversity policy with respect to its operations, business model and development needs, including but not limited to the following two major aspects of criteria:
I. Basic criteria and values: gender, age, nationality and culture, etc., in which the ratio of female directors should reach one-third of total number of directorships.
II.Professional knowledge and skills: professional background (e.g. law, accounting, industry, finance, marketing or technology), professional skills and industry experience, etc.
The members of the Board of Directors should generally have the necessary knowledge, skill, and experience to perform their duties. To achieve the desired goals of corporate governance, the Board of Directors as a whole should have the following competencies:
I.   The ability to make judgments about operations.
II.  Accounting and financial analysis ability
III. Business management ability
IV.  Crisis management ability
V.   Industry knowledge
VI.  International market perspective
VII. Leadership ability
VIII.Decision-making ability

The Company held a full Board election at the Annual Shareholders’ Meeting on June 25, 2024. The current Board of Directors consists of nine directors, including three independent directors, four female directors, accounting for 33% and 44% of all directors, respectively, and none of them concurrently hold any position as an employee of the Company.

Implementation of the diversity policy on the Board members by individual directors