1. Regulation for nomination and election
According to TaiMed’s Articles of Incorporation, directors shall be elected pursuant to the candidates nomination system as specified in Article 192-1 of the R.O.C. "Company Law".
(1) nomination system : According to the Article 192-1 of the R.O.C. "Company Law", any shareholder holding 1% or more of the total number of outstanding shares issued by the company may submit to the company in writing a roster of director candidates
(2) elected number of independent directors : three in accordance with TaiMed’s Articles of Incorporation
(3) the period designated for accepting the roster of director nominees : nomination system as specified in Article 192-1 of the R.O.C. "Company Law" 。
(4) the place designated for accepting the roster of director nominees : TaiMed Finance and Accounting Department (3F., No., 607, Ruiguang Rd., Neihu Dist., Taipei City 11492, Taiwan)
(5) documents submitted : The roster of director candidates shall be annexed with the name, education background and past work experience of the director candidates, the letter of understanding issued by each director candidate to consent to act as director after he/she/it has been elected as such, a written statement issued by each director candidate assuring that he/she/it is not under any of the circumstances set forth in Article 30 of this Act, and other evidential documents executed and provided by each director candidate.
(6)professional qualification: the candidates of independent director shall meet the professional qualification requirements, shares holding, etc set out in the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies” 。
2. Election process for TaiMed’s Directors :
At the regular meeting of March 11, 2022, TaiMed’s Board of Directors had approved a total of nine directors (including three independent directors) to be elected at TaiMed's 2022 Annual Shareholders' Meeting. The nomination time period set out from March 21 to March 31, 2022, and TaiMed’s Board of Directors or any shareholder holding 1% or more of the total number of outstanding shares issued by the company may submit to the company in writing a roster of director candidates. All director nominees documents should be sent to TaiMed Finance and Accounting Department (3F., No., 607, Ruiguang Rd., Neihu Dist., Taipei City 11492, Taiwan) for review and approval.
At the meeting of Board of Directors of April 11, 2022, it was reported that the Company received, during the above-mentioned nomination period, the list of director/independent director nominees sent from the Board of Directors. No nomination requests were received from any qualified shareholder. Then the Board of Directors reviewed and approved eight candidates for Board of Directors and three Independent Directors . These nine candidates for Board of Director will stand for election at TaiMed's Annual General Meeting on June 2, 2022.
3. Election results for TaiMed’s Independent Directors
TaiMed's 6th Board of Directors was elected at TaiMed's 2022 Annual Shareholders' Meeting. The three Independent Directors are Chin-Ting Chiu, Dr. Gwo-Fong Lin, and Dr. Howard S. Lee.