Board of Directors

Cathay FHC has the "Corporate Governance and Nomination Committee" and implements the "Nomination System for Candidates."All of the candidates for the Board of Directors are nominated and qualified for review by the Corporate Governance and Nomination Committee. After the qualifications of all candidates for directorship are reviewed and approved by the Committee and the Board of Directors,the list of qualified candidates is then submitted to the shareholders meeting for election.According to Paragraph 3, Article 30 of the Cathay Financial Holdings Corporate Governance Best Practice Principles, the members of the Board of Directors shall possess the knowledge, skills, and experience necessary for performing their duties. To achieve the ideal goal of corporate governance, the Board of Directors shall possess the following abilities:

• Ability to make operational judgments;
• Ability to perform accounting and financial analysis;
• Ability to conduct management administration (including ability to conduct management subsidiaries);
• Ability to handle crisis management;
• Knowledge of the industry;
• An international market perspective;
• Leadership;
• Ability to make policy decisions;
• Risk management knowledge and skills.

Cathay Financial Holdings completed the election of its ninth board of directors on June 13, 2025. Newly appointed Independent Director Mr. Denny Cheng-Hung Kuo brings professional experience and knowledge in business, finance, accounting, and IT. Mr. James Wei Wang contributes expertise in business, finance, information technology, and international markets. Newly appointed Director Mr. Tzung-Han Tsai offers a broad background in finance, business, accounting, law, international markets, and mergers and acquisitions, while Mr. Chung-Yan Tsai brings experience in business and finance. The board as a whole possesses diverse professional knowledge and skills across business, finance/economics, law, mathematics/actuarial science, digital finance, fintech, information and communications technology, healthcare management, international markets/mergers and acquisitions, and risk management. This composition aligns with the company’s “Corporate Governance Best Practice Principles” on board diversity and supports the Group’s strategic focus on globalization, digitalization, and financial innovation and application. In 2024, the board convened eight times, achieving a 99% attendance rate. The average tenure of board members is 10.8 years.