According to the Article of Incorporation of the Company, the Company shall elect nine directors (including three independent directors, and one of them shall be an independent director undertaking public welfare), whose term of office shall be three years. 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.

Election of Directors in 2023

1. Nomination and Candidates

The nomination period for accepting the roster of director candidates was from February 20 to March 1, 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.

The Board made a resolution on March 13, 2023 to nominate a roster of nine director candidates (including three independent directors, and one of them was an independent director undertaking public welfare)- Lin, Bou-Shiu (representative of Evergreen Marine Corp. (Taiwan) Ltd), Tai, Jiin-Chyuan (representative of Evergreen Marine Corp. (Taiwan) Ltd.), Sun, Chia-Ming, Chang, Ming-Yuh (representative of Evergreen International Corp), Wu, Jiang-Ming(representative of Shine Glow Investments Ltd.), Chu, Wen-Hui (representative of Shine Glow Investments Ltd.), Chien, You-Hsin, Hsu, Shun-Hsiung and Wu, Chung-Pao. The professional knowledge, experiences and diverse background of all director candidates were in line with the Company's future development needs. The qualifications of three independent director candidates met the requirements of the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies”, and the qualifications of the candidate of independent director undertaking public welfare also met the requirements of the “Regulations Governing Compliance Matters for Civil Air Transport Enterprise to Appoint Independent Directors Undertaking Public Welfare”.

2. Election Results

The nine Directors (including three independent directors, and one of them was an independent director undertaking public welfare) of the Company were elected at the 2023 Annual General Shareholders' Meeting. The new directors were listed as below: