In accordance with the articles of the company, eleven directors are to be elected for the company with the number of directors that can execute authorities being discussed and determined by the Board of Directors. In addition, directors are to be elected from those with behavioral capacities at shareholders’ meetings for a service term of three years, and can serve for another term if they are reelected. The percentage of shares held by the company directors and supervisors is subject to the regulation of securities managing authorities.

A total 11 directors( including four independent directors) were elected by shareholders at shareholders' meeting on June 12, 2019.

The composition of the board of directors shall be determined by taking diversity into consideration, and shall establish an appropriate policy on diversity based on the company's business operations, operating dynamics, and development needs be formulated and include, without being limited to, the following two general standards:

1. Basic requirements and values: gender, age, nationality, culture, etc.

2. Professional knowledge and skills: A professional background (e.g., law, accounting, industry, finance, marketing, technology), professional skills, and industry experience.

The specific management objective of diversity policy of the Company and its implementation status are as follows:

Board members are equipped with diverse backgrounds in the industry, legal, financial and finance, accounting, investment management, operation management, etc., and relevant professional fields are explained in the table below.

There are more than 1/3 of directors of the Company concurrently acting as the managerial officers of the Company, and this is based on the consideration of the succession and hesitance plan for the board members. In the election of directors during the shareholders’ meeting on 2019.6.12, new management team members jointed the board members.