Board of Directors

Constitution of the Board of Directors

The Board of Directors of Advanced Lithium Electrochemistry (Cayman) Co., Ltd. (hereinafter referred to as the “Company”) comprises seven directors, who are equipped with necessary knowledge, skills and abilities to perform their duties. Four of the seven directors are independent directors, who are, respectively:Chang, Yie-Yun, Dean of the School of Law, Fu Jen Catholic University; Wang, Hsuan Professor, School of Management, Yuan Ze University; Lee, Chian-Hsiu Chairman & Director, AHK Australia Pty Ltd.; and Yen, Zhi-Da, Professor of the Department of Public Finance and Taxation of National Taichung University of Science and Technology. The number of the independent directors of the Company reaches one-third of the total number of the directors of the Company.

In addition to Chang, Sheng-Shih, the Chairman of the Board of Directors, the rest of the directors of the Company include: Jaime Che, the Director of FDG Kinetic Strategic Limited, FDG Kinetic Investment Limited, and Changje Energy Inc.; and Ching, Chi-Kei the Vice President of FDG Kinetic Strategic Limited.

Current Implementation on the Diversity and Independence of the Directors

As of March 31 2022 , The Board of Directors of the Company has 7 directors, including 4 independent directors. The professionals cover the finance or accounting, law and regulation, business management, knowledge of new energy industry and so on. The directors concurrently serving as company managers does not exceed one-third of the total number of the board members. The female directors account for 42.86% of the board members with an average age of 53 years old and the male directors account for 57.14% with an average age of 50 years old. Except for Taiwanese directors, there are one Australian director and China HongKong director, accounting for 28.57%.

Above conditions fulfill the diverse policy of directors. Moreover, to enhance the independency of the Board of Directors, there are four independent directors in the board members of the Company, accounting for 57.14%. The seven directors do not have any relation of spouse or relative within the second degree of kinship with other director. The directors concurrently serving as company managers does not exceed one-third of the total number of the board members. Above conditions fulfill the independency

Duties and Responsibilities of the Board of Directors

The Board of Directors is led by the Chairman of the Board of Directors, Chang, Sheng-Shih to diligently carry out its duties and responsibilities. According to Chairman Chang’s belief in corporate governance, the primary responsibility of the Board of Directors is to supervise the Company and operate the Company in good faith. The Board of Directors shall supervise the Company to see if the Company is in compliance with law and transparent in financial status, disclose material information promptly, and is not in breach of good faith. To diligently perform its duty to supervise the Company, the Board of Directors of the Company establishes various types of committees and units, such as the Audit Committee, Remuneration Committee, financial expert under the Audit Committee and the internal auditors.

Another responsibility of the Board of Directors is to guide the management team of the Company. The management team of the Company shall periodically present business reports to the Board of Directors quarterly, and the Board of Directors will, through the conversation with the management team, understand the practical issues and problems encountered. The management team shall also propose the Company’s strategies to the Board of Directors, and the Board of Directors shall assess the possibility of the strategies to succeed, review the progress of the strategies periodically, and urge the management team to adjust the strategies when necessary.

The third responsibility of the Board of Directors is to evaluate the performance of the management team and appoint/discharge managers. The communications between the management team and the Board of Directors of the Company is smooth and easy, enabling the management team to make its best efforts to execute the instructions of the Board of Directors, perform the business operations of the Company, and maximize the interests of the shareholders of the Company.

Profiles of the Directors

Sheng-Shih Chang, Chairman of the Board of Directors and Chief Executive Officer

Chairman Chang has been the director of the Company since the Company was incorporated. Chairman Chang acted as the Chairman of the Board of Directors in 2009, and has been the Chairman of the Board of Directors and the General Manager since officially appointed on 27th June 2011. Chairman Chang also acted as the chief executive officer of Neso Technology Limited in Greater China, Pou Chen Group and the manager of Pacific Technology Inc., and now acts concurrently as the chairman of the board of directors of Advanced Lithium Electrochemistry Co., Ltd. and Aleees Eco Ark Co., Ltd., the two subsidiaries of the Company.

Jaime Che, Director

Jaime Che joined the Board of Directors on 23th November 2016. He has been appointed as the Investment & Corporate Manager of APAC Resources Limited (Stock Code: 1104), and the Assistant to Managing Director/Investor Relations Manager of Fushan International Energy Group Limited (Stock Code: 639, now renamed as Shougang Fushan Resources Group Limited). He is currently an executive director of FKL.

Ms. Ching Chi Kei, Director

Ms. Ching Chi Kei joined the Board of Directors on 23th November 2016. Sheis a fellow member of the Association of Chartered Certified Accountants and an associate member of the Hong Kong Institute of Certified Public Accountants. She joined FDE Electric Vehicles Limited as Accounting Manager since 1st June 2006 and then was the Chief Financial Officer of the company since 2012 for 9 years.

Yie-Yun Chang, Independent Director

Professor Chang, Yie-Yun joined the Board of Directors on 16th June 2017. Professor Chang, Yie-Yun acted as the Associate Dean of Academic Affairs of the School of Law cum Chair of the Department of Financial and Economic Law, Fu Jen Catholic University, Member of the 6th Fair Trade Commission, and is acting Dean of the School of Law, Fu Jen Catholic University, director of Great Eastern Resins Industrial Co. Ltd., and Independent Director of Ocean Plastic Co., Ltd.

Hsuan Wang, Independent Director

Professor Wang, Hsuan joined the Board of Directors on 16th June 2017. Professor Wang, Hsuan acted as the Assistant Supervisor, Deloitte Accounting Firm, Adjunct Lecturer, Department of Accounting, National Taiwan Normal University, and is acting Assistant Professor, School of Management, Yuan Ze University, and Independent Director of AP Memory Technology Corporation..

Chian-Hsiu Lee, Independent Director

Lee, Chian-Hsiu joined the Board of Directors on 16th June 2017. He acted as the Mandarain Brother international pty ltd. (Sydney) sales Manager, G.M Taiwan Hua-Yu ndustrial Co., Ltd., Technical Director, Boteng (Xiamen) Plastics Co. Ltd., President, Bailin Fluorescent PTY., LTD. and is acting AHK Australia Pty Ltd. Chairman of the Board & Director.

CHIH-TA,YEN , Independent Director

Professor CHIH-TA,YEN joined the Board of Directors on 30th June 2022. He acted as the independent director of Jingtuo Technology Co., Ltd. and Isletico Integrated Circuit Co., Ltd. and is acting the Associate Professor, Department of Finance and Taxation, Taichung University of Science and Technology,Hanlei Technology Co., Ltd.,Weitian Technology Co., Ltd of the independent director.