Who is the independent director resigning from the functional committees of Formosa Oil?

The independent director resigning from the committees is Shi Bo-yuan, who served as the head of the Strategic Investment Department at Da Jiang Biological Technology Co., Ltd.

Which specific functional committees is Shi Bo-yuan resigning from?

Shi Bo-yuan is resigning from both the Audit Committee and the Compensation Committee of the company.

What was the original term of office for the resigning committee member?

The original term of office for Shi Bo-yuan was scheduled to run from November 22, 2024, to November 21, 2027.

What is the effective date of the resignation of the independent director?

The resignation of the independent director from his duties becomes effective on April 15, 2026.

What is the reason stated for the resignation of the independent director?

The resignation is due to a dismissal ruling by the commercial court in case number 115 Commercial Interim No. 3, which prevents him from effectively exercising his supervisory responsibilities.

[Formosa Oil] Announcement of resignation from Functional Committee duties by Independent Director

Published Apr 15, 2026 9:00 AM ・ Updated Jun 17, 2026 5:01 PM ・ 3 min read ・ Source: PR Times

Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.

1. Date of Change: April 15, 2026 2. Functional Committee Name: Audit Committee, Compensation Committee 3. Former Committee Member Name: Shi Bo-yuan 4. Brief Biography of Former Incumbent: Shi Bo-yuan: Head of Strategic Investment Department, Da Jiang Biological Technology Co., Ltd. 5. New Committee Member Name: Not applicable 6. Brief Biography of New Appointee: Not applicable 7. Reason for Change (Please enter 'Resignation', 'Dismissal', 'Term Expiration', 'New Appointment'): Resignation 8. Reason for Change: Statement from the committee: Due to the dismissal ruling made by the commercial court in case number 115 Commercial Interim No. 3, the committee believes it is no longer possible to effectively exercise the supervisory responsibilities of an independent director and audit committee member to safeguard the best interests of the company and all shareholders. Therefore, it has been decided to resign from the position of independent director of the company, effective April 15, 2026, simultaneously resigning from the positions of audit committee member and compensation committee member. This statement is made on this date. 9. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): November 22, 2024 ~ November 21, 2027 10. Effective Date of New Appointment: Not applicable 11. Other Matters to be Noted: None.

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Source: PR Times
Category: 人事

[Formosa Oil] Announcement of resignation from Functional Committee duties by Independent Director

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