Guo Pao Financial Board Election Ends Early, 15 Director Nominees Approved

Taipei, April 16 (CNA) -- Guo Pao Financial's board election, slated for its shareholder meeting on May 29th, concluded early as major shareholders withdrew some of their nominations on April 15th. The company's board of directors convened this afternoon and approved a slate of 15 director nominees. Originally, public institutions, Nice Group, Renwang, and Taiwan Steel Group had nominated a total of 25 candidates for the 15 board seats. The parties reached a consensus recently, leading to the withdrawal of some nominations yesterday, reducing the total number of nominees to 15: 10 regular directors and 5 independent directors. According to the announcement on the Taiwan Stock Exchange's Market Observation Post System, public institutions nominated 8 seats (5 regular, 3 independent). Nice Group and Renwang each nominated 3 seats (2 regular, 1 independent), and Taiwan Steel Group nominated 1 regular director. The nominated candidates for regular directors include former Mega Financial Chairman Chang Chao-shun, former First Commercial Bank Vice President Chou Ching-hui, First Commercial Bank Vice President Tsai Shu-hui, Taishin Bank Vice President Yi Tseng-hsiang, former First Financial Holding General Manager and current Mega Financial Independent Director Wu Ying, Guo Pao Financial Director Shih Cheng-feng, Guo Pao Financial Director Yang Cheng-hsi, Guo Pao Financial General Manager Chen Kuan-chou, Huening Technology Chairman Chen Kuan-ju, and accountant Liu Tzu-meng. The independent director candidates are Hsieh Chih-yuan, Liang Sui-chang, Lee Wen-hsiung, Yang Chia-hsing, and Chen Wei-lung, totaling 15 seats.