As the highest policy and management body of the Company, Advantech's Board of Directors not only formulates regulations and measures in accordance with relevant laws and regulations and the powers entrusted by the shareholders' meeting, but also supervises each item of implementation results.

1. Review corporate business plan.
2. Review the financial report of the Company.
3. Formulate a valid and proper internal control system.
4. Supervise and handle all risks faced by the Company.
5. Design and formulate the direction, strategy and tactics of corporate management.
6. Hiring or dismissal of an attesting CPA, or the compensation given thereto

Advantech Co., Ltd. values corporate governance and the functions of the Board of Directors. The selection of members of the Board of Directors adheres to our diversity policy with a comprehensive evaluation of industry background, education and background, professional domain, and gender equality, in an attempt to facilitate diverse viewpoints.

The 14th Board of Directors comprises seven directors. In particular, three seats are independent directors, accounting for 43% of all Board of Directors members. With the principle of gender equality, the 14th Board of Directors has recruited one seat of female directors (14%) and has specified the minimum ratio of female directors in the regulations < Corporate Governance Best Practice Principiples >. In the future, the ratio will continue to strengthen and increase accordingly. All directors are of Taiwanese nationality while the age distribution of members includes 1 director aged between 31-40 years old (14%), 5 directors aged between 61-70 years old (72%) and 1 director aged between 71-80 years old (14%).

Industry and Professional Background:

Chairman K.C Liu is the founder of Advantech Co., Ltd., who constantly develops innovation and applications since the foundation of the company, pushing Advantech towards global objectives. In recent years, in view of the thriving development of global IoT, the Company actively co-establishes the industry ecology circle with partners, and carries forward the software/hardware solutions based on WISE-PaaS/IoT. Driven by altruism-based value, Advantech implements ESG from the core expertise based on the industry and thereby expands its social impact, shifting towards sustainability objectives.

Director Chaney Ho is the co-founder of Advantech, with a long-term focus on the global sales and marketing of Advantech, and brand and operation management. He plans and promotes the vision as the “Enabling an Intelligent Planet” in order to accelerate the process of Advantech entering the IoT industry. Consequently, Advantech has won the top five places in international brands from Taiwan for several years since 2004.

Director Wesley Liu has experience related to smart city, smart retail system integration (SI) solutions and IoT development, and he also has experience in talent strategic development and comprehensive management.

Director Donald Chang is the former President of 3M China Region with ability in multinational management and leadership.

Independent director Jeff Chen is the former vice president and president of Asia at Stanley Black & Decker, Inc, who owns experience in large international enterprise management, execution of M&A strategies and in-depth understanding of technological and professional knowledge.

Independent director Benson Liu is the executive director of the Taiwan Corporate Governance Association with professional knowledge and skills in accounting and management, as well as familiarity with relevant laws and regulations.

Independent Chan-Jane Lin is the professor of Accounting Department of National Taiwan University with an education background in finance, business, and management, and research in corporate governance.

The Board of Directors composes of elites from the industries and academic circle, who own abundant personal insight, international market perspective, professional academic abilities, corporate operation and management, and risk management. The members make optimal and excellent contributions to the corporate operations and management, accomplishing the diversified and specific management objectives of the Board of Directors. The specification of the industry experience and composition of diversification are described in the following table:

The independent directors of the Company not only have to meet the qualification requirements as stipulated in Article 3 of Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies but also refer to DJSI criteria for determining independence as an additional reference.

Each independent director’s status in relation to DJSI’s independence criteria are as the table below: