BOARD OF DIRECTORS
Powers and duties of the Board of Directors
The Company’s Board of Directors shall direct the Company’s strategy, supervise management, and be accountable to the Company and its shareholders. The operations and arrangements of the Company’s corporate governance system shall ensure that the Board of Directors exercises its authority in accordance with the laws and regulations, the Company’s Articles of Incorporation, or the resolutions of the shareholders’ meeting.
Board Membership and Biographies
| Title | Name | Major Experience | Currently serving on the boards of directors of the Company and other companies |
| Chairman | Wang Yao Huei | National Pingtung University of Science and Technology, Taiwan, B.S., Department of Agribusiness Management Founder and Chairman of Lakaffa International Business (Holdings) Co. Business Manager, Marketech International Corp. | General Manager, Lakaffa International Business Co. Director, Chatime Group Pty. Ltd. Director, Chatime Australia (Infinite Plus) Pty. Ltd. Director, Chatime Franchising Pty. Ltd. Director, Goobne Operations Pty. Ltd. Director, Chatime Northstar,LLC Director, Goobne Zetland Pty. Ltd. Director, Chatime USA, LLC Director, Bake Code USA,LLC Director, Chatime HK Ltd. Director, Kevito Group Ltd. Chairman of the Board, KINGZA INTERNATIONAL CO., LTD. Director, KINGZA Restaurant Management (Shanghai) Co. Chairman of the Board of Directors of Chun-Sun Cake CO., LTD. Director of TEN EN TAPIOCA FOODS CO., LTD. Director, Kingza HK Limited Director, Eternal Harvest Corporation Limited Director, 東暘國際有限公司 Director, Ruili (Hangzhou) Catering Management Co. Chairman, Kwan Yung Investment Limited Chairman of Yunho Investment Co. |
| Board Member | Hengtai International Investment Holdings Limited Representative: Wang Li Yu | M.S., Graduate School of International Business, National Dong Hwa University, Taiwan Co-founder and Executive Vice President, Lakaffa International Business (Holdings) Co. Deputy General Manager, Fu Ying Asset Management Co. | Executive Vice President, Lakaffa International Business Co. Director, Chatime Group Pty. Ltd. Director, Chatime Australia (Infinite Plus) Pty. Ltd. Director, Goobne Operations Pty. Ltd. Director, Chatime Northstar,LLC Director, Goobne Zetland Pty. Ltd. Directors, Chun-Sun Cake CO., LTD. Director, Eternal Harvest Corporation Limited Director, 東暘國際有限公司 Director, Ruili (Hangzhou) Restaurant Management Company Chairman, Hantec International Investment Holdings Limited Director of Teng Hau Investment Company Limited |
| Board Member | Heng Tai International Investment Holdings Limited Representative: Yip Ding Lun | B.S., Department of Cooperative Economics, National Taipei University Manager, Domestic Business Department, Lakaffa International Business (Holdings) Co. | Manager, General Engineering Department, Lakaffa International Business (Holdings) Co. Director, Chatime Group Pty. Ltd. Director, Chatime Australia (Infinite Plus) Pty. Ltd. Director, Goobne Operations Pty. Ltd. Director, Yung Yuk Investment (Shares) Co. Director, Mega-Trend Investment (Holdings) Co. |
| Board Member | Kwan Yung Investment Limited Representative: Zhao Chen | Master of Information Technology, University of Wollongong, Australia Master of Accounting and Marketing, University of Sydney, Australia B.S. in Automatic Control, Shanghai University, China Senior Relationship Manager, Citibank | Chatime Australia CEO Director, Chatime Group Pty. Ltd. Director, Chatime Australia (Infinite Plus) Pty. Ltd. Director, Chatime Franchising Pty, Ltd. Director, Goobne Australia Pty. Ltd. Director, Goobne Operations Pty. Ltd. Director, Goobne Leasing Pty. Ltd. Director, Chatime Leasing Pty. Ltd. Director, T8 Darling Quarter Pty. Ltd. Director, Goobne Zetland Pty. Ltd. |
| Independent Board Member | Wang Ting-sheng | M.S. and Ph.D. in International Business, George Washington University, U.S.A. Member, Hualien County Regional Legislature, Legislative Yuan, Republic of China. | Associate Professor, Department of International Business, National Dong Hua University Associate Professor, Department of International Business and Trade, Soochow University Head of Credit Lending Department, Amundi Bank, France |
| Independent Board Member | Chen Qing Lin | MBA, Fudan University, Shanghai, China B.S. in Business, National Taiwan University Tax Collector, Hsinchu County Tax Office Tax Officer, Taipei City Internal Revenue Service | Director, Kwong Yu CPAs Supervisor, TRANWO Technology Corp. Independent Director, JIU HAN SYSTEM TECHNOLOGY CO., LTD. |
| Independent Board Member | Wang You Sheng | M.B.A., Graduate School of Business Administration, National Chengchi University. B.S. in Accounting, National Chengchi University Chief Financial Officer, Chialin Precision Industrial Co.,Ltd. Commissioner, Over-the-Counter Supervision Department, ROC Over-the-Counter Securities Trading Center (OTC) | Independent Director, Hui Diamond Technology (Holdings) Co. Independent Director of Shuttle Inc. Independent Director, Casing Macron Technology Co.,Ltd |
Diversity Specific Management Objectives and Implementation:
(a) In accordance with the Company’s Articles of Incorporation, the Company adopts a “candidate nomination system” for the election of directors, whereby all director candidates are nominated and their qualifications are examined and approved by the Board of Directors and sent to the shareholders’ meeting for election. In addition, Article 20, Section 1, Chapter 3 of the Company’s “Code of Corporate Governance Practices” stipulates that directors should possess the knowledge, skills and qualities necessary for the performance of their duties. In order to achieve the goal of corporate governance, the Board of Directors as a whole should possess the following competencies:
- Operational judgment.
- Accounting and financial analysis skills.
- Operational management capacity.
- Crisis management skills.
- Industry Knowledge.
- International Market View.
- Leadership.
- Decision-making ability.
(b) The current board of directors of the Company consists of seven directors, including four directors and three independent directors, with extensive experience and expertise in the areas of finance, business and management. The following table summarizes the status of the Board of Directors:
| Diversified Core Programs Name of Director▼ | Nationality | Gender | Also serves as an employee of the Company | Age range 41 to 50 | Age range 51 to 60 | Operations Management | Leadership Decision Making | Industry Knowledge | Accounting and Financial Analysis | Risk Management | Judgement | International Market View |
| Wang Yao Huei | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Hengtai International Investment Holdings Limited Representative: Wang Li Yu | Republic of China | Female | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Heng Tai International Investment Holdings Limited Representative: Yip Ding Lun | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Kwan Yung Investment Limited Representative: Zhao Chen | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |||
| Wang Ting-sheng | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Chen Qing Lin | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Wang You Sheng | Republic of China | Male | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
(c) Specific management objectives of the diversification policy: Of the seven competencies listed above, at least two to three Board members must possess any one of these competencies. Individual members of the Board of Directors must possess at least four of the seven competencies listed above.
Achievement: Currently, all members of the Board of Directors have achieved the objectives of the diversity policy. The Company will continue to arrange diversified education programs for the members of the Board of Directors in order to enhance the quality of their decision-making and supervisory skills, and to further strengthen the functions of the Board of Directors.
