The Board of Directors of Formosa Optical Technology Co., Ltd. (hereinafter referred to as the Company) is the highest governance body. The Board of Directors has the responsibility of selecting, nominating, and evaluating the performance of senior managers and is responsible for formulating the Company's corporate social responsibility, corporate citizenship, and sustainable development strategy.

The Company's Board of Directors comprises eleven directors with extensive business or industry experience, of which four are independent directors.The Board of Directors shall hold regular meetings at least once a quarter.

The Company's Board of Directors is a "serious, capable, and independent" Board. Under the leadership of Chairman Kuo-Chou Tsai's governance philosophy, the Board of Directors is responsible for supervising the Company's compliance with the law, financial transparency, timely disclosure of important information, no internal corruption, etc. To improve the supervision function and strengthen the management function, the Board of Directors has established various organizations and channels, such as the Remuneration Committee, Audit Committee, and internal audit, etc., and regularly listens to reports from the management team every quarter. The topics also include economics and environmental protection, corporate social responsibility (including related risk and opportunity assessment, compliance with ethics and ethical corporate management), etc.

The Company's management team and the Board of Directors maintain smooth and good communication. The management team must also propose corporate management strategies to the Board of Directors, evaluate the probability of success of these strategies through discussions with the Board and meeting participants, and constantly review the progress of the strategies. It is expected to urge the management team to adjust when necessary and strive to create the best interests of all shareholders as a priority.

"The term of the Company's current ""directors"" expired on July 26, 2024. According to Article 195 of the Company Act, all directors shall be re-elected.

At the Shareholders' Meeting of the Company on May 30, 2024, eleven directors (including four independent directors) were elected for a term of three years according to the Company's Articles of Incorporation. They would take office immediately after the Shareholders' Meeting, from May 30, 2024 to May 29, 2027 and be eligible for re-election.The election of the Company's directors adopts the candidate nomination system.