SAS Re-elects Doris Hsu as Chair; Lu Ming-kuang Steps Down as Director

(Central News Agency, Taipei, 26th) Solar energy manufacturer Sino-American Silicon Products (SAS) held its annual general meeting today and fully re-elected its board of directors. The new board re-elected Doris Hsu as Chair. SAS director Lu Ming-kuang has completed his phased mission and is handing over the baton, stepping down from his director position but continuing to serve as Honorary Chair to support the group's development.

The seven new directors of SAS are Doris Hsu, Yao Tang-liang, Tsai Wen-hui, Chang Feng-ming, Fang Hao (representative of Kai-Chiang), Li Shao-lun (representative of Hung-Mao Investment), and Ou Kuang-ying (representative of Kun-Chang Investment). The four independent directors are Yang Kai-chan, Kuo Hao-chung, Lan Chung-wen, and Ma Chien-yung.

SAS issued a press release stating that Lu Ming-kuang took over as SAS Chair in 2007 and continued to serve as a director and Honorary Chair after stepping down as Chair in 2020.

SAS stated that under Lu Ming-kuang's leadership, the SAS Group expanded its business footprint and strengthened its overall competitive advantage through strategic acquisitions and diversification, laying a solid foundation for the group during critical growth stages and having a profound impact on the company's long-term competitiveness and group development.

Lu Ming-kuang said that being able to participate in important decisions and transformations at different stages of SAS, and walking along with the board, management team, and all employees, was a very precious experience.

He stated that for a company to go far, it is not just about looking at the current economic climate, but also about seeing the direction clearly in a changing industrial environment, allocating resources, and making decisions at critical moments. Starting from silicon wafers, solar energy, and sapphire businesses, SAS has made long-term investments in core businesses such as renewable energy, semiconductors, and automotive components, enabling the group to continue to grow and thrive.

Lu Ming-kuang pointed out that with global energy transition and market changes, SAS has promoted organizational restructuring in recent years, moving forward with both manufacturing and services to lay the foundation for the next stage of growth. Stepping down as a director is a phased handover, and he believes that what truly supports a company's steady progress is a good governance system, sound management, continuous adjustment and critical thinking, and team succession from generation to generation.

Lu Ming-kuang said he has full confidence in SAS's existing governance system and management team, hoping that the company will continue to uphold the spirit of pragmatic, steady, and sustainable operation to create long-term value for shareholders, employees, and society.

Doris Hsu expressed her gratitude for Lu Ming-kuang's long-term guidance and dedication, stating that in the future, SAS will continue to expand its business footprint on the existing governance structure and management foundation, promoting the group's long-term growth and sustainable development.