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The board of directors consists of 7 directors who serve 3-year terms. To bolster the structure of the board of directors as well as its independence and diversity, in addition to 2 female directors, the board comprises directors with experiences in business, finance, accounting, chemical engineering, patents, and business management. Three of them are independent directors.
Chairman
Leadership, decision-making, business judgment, business management, crisis management, as well as abundant industry knowledge and international market perspective.
Director
Committed to CSR and public welfare.
Director
Expertise in accounting and financial analysis.
Director
Business judgment, crisis management, as well as abundant industry knowledge and international market perspective.
Independent director
Polymeric composites/electronic materials, film processing technologies, and applications and innovations in green chemistry
Independent director
Business operations analysis and decision-making, e-commerce/corporate management, and industrial supply chain management.
Chairman
Leadership, decision-making, business judgment, business management, crisis management, as well as abundant industry knowledge and international market perspective.
Taiwan
1989.03.14
Graduate Institute of Textiles and Clothing
Fu Jen Catholic University Yu Tai Textile Co., Ltd.
Chairman of the Company Chairman of GFun Industrial Corp.
Director of MAGICTEX APPAREL CORPORATION
YIELD CROWN LTD Representative
DIAMOND FORTUNE CORP Representative
Singtex Shanghai Co., Ltd. Representative
MAGICTEX CO.,LTD Representative
ADVANCE WISDOM LTD epresentative
ALPHA BRAVE INC Representative
CHAMPION LEGEND CORP Representative
TIME GLORY CORP Representative
SOUTH TO SUCCESS LTD. Representative
ADVANCE WIDSON COMPANY LIMITED Representative
ALPHA BRAVE COMPANY LIMITED Representative
SINGTEC COMPANY LIMITED epresentative
Director of TSGS, INC.
Director
Committed to CSR and public welfare.
Taiwan
1989.03.14
Department of Materials and Textiles, Oriental Institute of Technology
Yu Tai Textile Co., Ltd.
Director of MAGICTEX APPAREL CORPORATION
Director
Expertise in accounting and financial analysis.
Taiwan
2003.11.24
EMBA, National Chengchi University
Manager of Accounting Section, PwC Taiwan
Independent director of Liwanli Innovation Co., Ltd.
Supervisor of MAGICTEX APPAREL CORPORATION
Supervisor of CAI JUN TEXTILE TECHNOLOGY CO., LTD.
Director
Business judgment, crisis management, as well as abundant industry knowledge and international market perspective.
Taiwan
2019.06.18
Department of Transportation and Communication
Management Science, National Cheng Kung University
Chairman, Taiwan Textile Research Institute
Independent director, Hua Li Enterprise Co., Ltd.
Independent director, Wei Chuan Industrial Co., Ltd.
Senior consultant, Taiwan Textile Research Institute
Independent director,Feng Hsing Steel Co., Ltd.
Independent director
Polymeric composites/electronic materials, film processing technologies, and applications and innovations in green chemistry
Taiwan
2025.6.13
PhD from Department of Materials Chemistry at Kyushu University
Professor at National Taiwan University of Science and Technology
Supervisor of The Polymer Society, Taipei
Executive Director, Plastics Industry Development Center (PIDC)
Executive Director, Plastics Industry Development Center
Supervisor of the Taiwan Rubber Research & Testing Center
Head of R&D, Guangyu Applied Materials Co., Ltd.
Independent director
Business operations analysis and decision-making, e-commerce/corporate management, and industrial supply chain management.
Taiwan
2025.6.13
PhD from Department of Industrial Engineering at Arizona State University (ASU)
Professor at National Taiwan University of Science and Technology
Professor of Department of Decision Sciences, Operations and Technology at The Chinese University of Hong Kong (CUHK)
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The company’s board of directors conforms to the policy of diversification. In addition to the knowledge and skills required for the position, diversity also includes different professional experiences. Many directors are also directors of other listed companies or professors at domestic public and private universities. The directors are highly knowledgeable, have keen insight and judgment, and exhibit rich leadership and decisive decision-making ability. These are all skills that are a highly relied on by the company. In addition, the company also pays attention to gender equality in the composition of the board of directors, the current ratio of female directors has reached 29%.
| Item | Director | Independent director | ||||
|---|---|---|---|---|---|---|
| Chen Kuo-Chin | Lai Mei-Hui | Wang Shu-Fen | Wang Ya-Kang | Hsien-Tang Chiu | Chih-Ting Du | |
Leadership, decision-making, management, judgment, and crisis management ability | V | V | V | V | V | V |
Contributing to public welfare | V | V | ||||
Expertise in accounting and financial analysis | V | V | ||||
Expertise in business management | V | V | V | V | V | V |
Expertise in chemical engineering and patents | V | V | V | |||
Implementation of diversification policy on the board of directors are as follows:
| Goal | Attendance | Result |
|---|---|---|
| Directors concurrently serving as company officers not exceed one-third of the total number of the board members. | 43% | Not achieved |
| The number of female directors account for at least one-third of all the directors. | 29% | Not achieved |
| Year | Director | Independent director | ||||
|---|---|---|---|---|---|---|
| Chen Kuo-Chin | Lai Mei-Hui | Wang Shu-Fen | Wang Ya-Kang | Hsien-Tang Chiu | Chih-Ting Du | |
2025 | 6 | 6 | 12 | 9 | 6 | 18 |
The CPA shall communicate at least once a year with the independent directors and the chief internal auditor regarding the company’s financial condition, overall operations, internal control audit results, and relevant regulatory updates.
| Date | Communication item | Conclusion |
|---|---|---|
| 2025/02/26 | Assessment of inventory stocking adequacy, inventory turnover days, and relevant global geopolitical developments. | Approved without objection. |
| 2024/02/23 | 2023 Annual Review and Management Unit Communication Matters | All independent directors and supervisors have no objection to the financial report |
| 2023/03/27 | 2022 Annual Review and Management Unit Communication Matters | All independent directors and supervisors have no objection to the financial report |
| 2022/02/16 | 2021 Annual Review and Management Unit Communication Matters | All independent directors and supervisors have no objection to the financial report |
| 2021/12/01 | 2021 Annual Audit Planning | All independent directors and supervisors have no objection to the 2021 annual audit plan |
| 2021/03/16 | 2020 parent company only financial statements, consolidated financial statements, and the latest law amendments | Independent directors and supervisors consent with the financial statements |
| 2021/03/16 | 2020 annual review and communication with governance units | All independent directors and supervisors have no objection to the financial report |
| 2020/12/15 | 2020 Annual Audit Planning | All independent directors and supervisors have no objection to the 2020 annual audit plan |
| Year | Report to BOD | Type | Result |
|---|---|---|---|
2025 | 2026-01-22 |
Appraising Boardroom Performance |
4.51 |
Board member self assessment |
4.76 |
||
2024 | 2025-01-23 |
Appraising Boardroom Performance |
4.80 |
Board member self assessment |
4.76 |
||
2023 | 2024-01-29 |
Appraising Boardroom Performance |
4.76 |
Board member self assessment |
4.88 |
Succession planning and operation of board members
In response to the sustainable development of the company, the company established a salary and remuneration committee in 2012 and an audit committee in 2011 to promote the optimization of the board of directors' effectiveness and the implementation of corporate governance. The company adopts a candidate nomination system to select directors in accordance with the "Articles of Association", and clearly stipulates in the "Corporate Governance Code of Practice" and "Director Selection Procedure" that the composition of the board of directors should consider diversity and formulate plans based on the company's own operations, operating types and development needs. The diversified policy includes, but is not limited to, two major aspects of standards: basic conditions and values, and professional knowledge and skills.
The overall configuration of the board of directors should take into consideration the characteristics of the industry and the needs of operational development. The elected directors must have the necessary knowledge, skills and qualities to perform their duties. The company establishes a director candidate database based on the following standards:
Have professional knowledge and skills that are consistent with the company's core values and contribute to the company's operation and management.
Have industrial experience related to the company's business.
It is expected that the addition of this member can continue to provide the company with an effective, collaborative, diverse board of directors that meets the needs of the company.
The expertise of the overall board of directors needs to include corporate strategy and management, accounting and taxation, finance, law, etc.
The selection process of the company's list of director candidates must comply with qualification reviews and relevant standards to ensure that when director seats are vacant or planned to increase, suitable new director candidates can be effectively identified and selected.
The company has also clearly defined the "Board of Directors and Functional Committee Performance Evaluation Methods". The measurement items of performance evaluation include control of company goals and tasks, awareness of responsibilities, participation in operations, internal relationship management and communication, professional functions and Further education, internal control and specific opinion expressions, etc., to confirm the effective operation of the board of directors and evaluate the performance of directors as a reference for future selection of directors.
In response to the evolving understanding of legal compliance and the need to enrich new knowledge with the times, the Company urges directors to take at least 6 hours of further training every year to continue to improve the professional knowledge of directors and the performance of the board of directors' functions, so as to promote the stable development of the enterprise.
Succession planning and operation of key management levels
Employees at the associate level (inclusive) and above of the company are important management levels and are responsible for relevant business management within the organization. Each management level has its own agent. In addition to having the necessary professional skills and experience background, key management personnel must have values and business philosophy that are consistent with the company's business philosophy of "Passion, Integrity, Innovation, Service, Quality and Feedback".
In order to cultivate important management and their job agents, in addition to corporate governance-related courses, the training mechanism also arranges participation in regular internal important business management meetings, and provides practical training with on-the-job training in project task management.
The company conducts employee performance appraisals every year. Through daily observation and performance evaluation, we understand areas that should be strengthened, personal development needs and company expectations, and use the appraisal results as a reference for future succession planning.
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