Corporate Governance

The Board of Directors serves as the highest governing unit of the company, with its main functions being the appointment and dismissal of executives, as well as conducting internal and external audits. It oversees the company's operational performance and reviews the establishment of internal regulations to ensure compliance with legal requirements and strengthen management capabilities. The operations of the Board of Directors are conducted in accordance with the Board Meeting Regulations. The Board has established an Audit Committee consisting of four independent directors and a Salary Committee consisting of three independent directors. These committees assist the Board in supervising important issues such as strengthening internal monitoring mechanisms, ensuring proper presentation of financial statements, effective implementation of internal controls, compliance with relevant laws and regulations, and the management of existing or potential risks. They are also in charge of determining the salary and remuneration of directors and senior management personnel.

1. More than 5 years of experience and professional qualifications：

A. Lecturer or above for Related Departments in Colleges (Business, Legal Affairs, Finance, Accounting).

B. Judge, Procecutor, Lawer, CPA, or Professioanls passing National Exams or possessing qualified certifications.

C. Business, Law, Finance, Accounting, or Business related experience.

※ Those who meet the above conditions are marked as follows:

§ Hongyuan International Investment Co., Ltd (Corporate Representative) / YOUNG LIU：C

§ KEVIN CHIU：C

§ HUANG, JUNG-CHING：C

§ FRANK LEE：C

§ CHEN, HSI-CHIH：B、C

§ WU, SHU HUI：B、C

§ HUANG, YA-HUI：B、C

2. Criteria for Independence：

(1) Not an employee of this Company or its affiliates.

(2) Not a Director or Supervisor of the Company or its affiliates. (However, this is not applicable to those who is an independent director of the company or its parent company, or a subsidiary of the company that directly or indirectly holds more than 50% of the voting shares).

(3) Not a natural-person shareholder who holds shares, together with those held by the person's spouse, minor children, or held by the person under others' names, in an aggregate amount of one percent or more of the total number of outstanding shares of the Company or ranking in the top ten in holdings.

(4) Not a spouse, second-degree relatives or third-degree relatives of those listed in the above three items.

(5) Not a director, supervisor, or employee of a corporate shareholder that directly holds five percent or more of the total number of outstanding shares of the Company or that holds shares ranking in the top five in holdings.

(6) Not a director, supervisor, manager or a shareholder holding five percent or more of the shares of a company or institution that has a business or financial relationship with the Company.

(7) Not a professional individual who provides services or consultation in business, legal, finance, or accounting to the Company or its any related companies, nor an owner, partner, director, supervisor, officer or spouse of a sole proprietorship, partnership, company, or institution. However, this does not apply to the members of the Compensation Committee who perform their duties based on Article 7 of the "Regulations Governing the Appointment and Exercise of Powers by the Compensation Committee of a Company Whose Stock is Listed on the Stock Exchange or Traded Over the Counter".

(8) Not a spouse or a second-degree relative of any other Director of the Company.

(9) No violations of Article 30 of the Company Act.

(10) Not a governmental, judicial person or its representative as defined by Article 27 of the Company Act.

※ Each director and supervisor who meets the above conditions two years before election and during his/her term of duty shall be marked as follows:

♦ Director / YOUNG LIU：Hongyuan International Investment Co., Ltd (Corporate Representative)

3. Number of independent directors of other public companies

§ Hongyuan International Investment Co., Ltd (Corporate Representative) / YOUNG LIU：NA

§ KEVIN CHIU：NA

§ HUANG, JUNG-CHING：NA

§ FRANK LEE：NA

§ CHEN, HSI-CHIH：NA

§ WU, SHU HUI：NA

§ HUANG, YA-HUI：2

♦ To report 2022 Performance Evaluation Results of the Board on Feb, 24 2023 BOD Meeting

• 2022
• 2021
• 2020
• 2019
• 2018
• 2017
• 2016

1. Professionalism and independence of the Board of Directors：

According to Article 20, Item 3 of the Company's "Code of Practice on Corporate Governance", the composition of the Board of Directors should focus on gender equality and generally possess the knowledge, skills and qualities necessary to perform their duties. In order to achieve the ideal goals of corporate governance, the Board of Directors as a whole should have the following capabilities:

1、Operational judgement skills.

2、Accounting and financial analysis skills.

3、Operational management skills.

4、Crisis management skills.

5、Industry knowledge.

6、Global market view.

7、Leadership skills.

8、Decision making skills.

2. Board member diversity：

FITI's Board of Directors consists of 7 directors, including 3 board members and 4 independent board members. Board members possess expertise including finance, business, law, medical and management. In addition, to achieve gender equality, this Board is composed of 28% female board members (2 out of 7 members).

Actual Results：

§ Foundation →

♦ Director / YOUNG LIU：Hongyuan International Investment Co., Ltd (Corporate Representative)

§ Diversity within the members of the Board of Directors →