Board of directors


 

Constitution of the Board of Directors

The Board of Directors of Advanced Lithium Electrochemistry (Cayman) Co., Ltd. (hereinafter referred to as the “Company”) comprises nine directors, who are equipped with necessary knowledge, skills and abilities to perform their duties. Three of the nine directors are independent directors, who are, respectively: Shen, Wei-Ming, the professor of the Department of Public Finance and Taxation of National Taichung University of Science and Technology; Wang, Ming-Teh, the President of Taiwan BIM Technology, adjunct associate professor of the Department of Civil Engineering of National Taiwan University; and Lin, Chien-Yuan, the professor of the Graduate Institute of Building and Planning of National Taiwan University, Dean/ Professor of College of Environmental Design Chinese Culture University. The number of the independent directors of the Company reaches one-third of the total number of the directors of the Company.

In addition to Chang, Sheng-Shih, the Chairman of the Board of Directors, the rest of the directors of the Company include: Tai, Chung-Ho, the founder of Acer Inc.; Wang, Tian-Lai the former Chairman of the Board of Directors of Waffer Technologies Corp.; Pien, Chung-Shih the representative of QVT Fund in Taiwan; and Ruentex (which possesses two seats in the Board of Directors), the group now aiming at the development of green energy industry and biotechnology.

 

Duties and Responsibilities of the Board of Directors

The Board of Directors is led by the Chairman of the Board of Directors, Chang, Sheng-Shih to diligently carry out its duties and responsibilities. According to Chairman Chang’s belief in corporate governance, the primary responsibility of the Board of Directors is to supervise the Company and operate the Company in good faith. The Board of Directors shall supervise the Company to see if the Company is in compliance with law and transparent in financial status, disclose material information promptly, and is not in breach of good faith. To diligently perform its duty to supervise the Company, the Board of Directors of the Company establishes various types of committees and units, such as the Audit Committee, Remuneration Committee, financial expert under the Audit Committee and the internal auditors.

Another responsibility of the Board of Directors is to guide the management team of the Company. The management team of the Company shall periodically present business reports to the Board of Directors quarterly, and the Board of Directors will, through the conversation with the management team, understand the practical issues and problems encountered. The management team shall also propose the Company’s strategies to the Board of Directors, and the Board of Directors shall assess the possibility of the strategies to succeed, review the progress of the strategies periodically, and urge the management team to adjust the strategies when necessary.

The third responsibility of the Board of Directors is to evaluate the performance of the management team and appoint/discharge managers. The communications between the management team and the Board of Directors of the Company is smooth and easy, enabling the management team to make its best efforts to execute the instructions of the Board of Directors, perform the business operations of the Company, and maximize the interests of the shareholders of the Company.

 

Profiles of the Directors

Sheng-Shih Chang, Chairman of the Board of Directors and Chief Executive Officer

Chairman Chang has been the director of the Company since the Company was incorporated. Chairman Chang acted as the Chairman of the Board of Directors in 2009, and has been the Chairman of the Board of Directors and the General Manager  since officially appointed on 27th June 2011. Chairman Chang also acted as the chief executive officer of Neso Technology Limited in Greater China, Pou Chen Group and the manager of Pacific Technology Inc., and now acts concurrently as the chairman of the board of directors of Advanced Lithium Electrochemistry Co., Ltd. and Aleees Eco Ark Co., Ltd., the two subsidiaries of the Company.

Tian-Lai Wang, the former Chairman of the Board of Directors of Waffer Technologies Corp

Mr. Tai, Chung-Ho the founder of Acer Inc., has been the director of the Company since 27th June 2011. Mr. Tai, Chung-Ho now acts concurrently as the director of Advanced Lithium Electrochemistry Co., Ltd., the  subsidiary of the Company, Chairman of the Board of Directors of Richtek Technology Corporation, director of Chief Telecom Inc., director of D-Link Corporation as a legal representative, director of Global Testing Corporation as a legal representative, independent director of Logah Technology and independent director of Waffer Technologies Corp.

Chung-Ho Tai, Director

Mr. Chen, Chi-Chuen has been the director of the Company on behalf of Chang Chuen Investment Co., Ltd. since 31st October 2011. Chang Chuen Investment Co., Ltd. is a member firm of Ruentex, aiming at the development of green energy industry. Mr. Chen, Chi-Chuen acted as the supervisor of Ruentex Development Co., Ltd. and Vice President of Kwang Hua Securities, and now acts concurrently as the director of Nan Shan Life Insurance Co., Ltd., Global Mobile Corp., Ruentex Engineering & Const. Co. and Ruen Ya Biotechnolgy Co., Ltd. as a legal representative.

Chung-Shih Pien, Director

Mr. Chung-Shih Pien had been the director of the Company on behalf of QVT Fund since the Company was incorporated until 2008, and has been the director of the Company as a natural person since 2008 until now. In addition, Mr. Chung-Shih Pien acted as the Chairman of the Board of Directors of the third and fourth terms.

Mr. Chung-Shih Pien also acted as the vice president of SinoPac Management Consulting Co. Ltd., vice president of FIH Regent Group, vice president of Shing Yen Construction Development Co., Ltd. and general manager of ProMD Biotech Co., Ltd., and now acts concurrently as the representative of QVT Fund in Taiwan, supervisor of Advanced Lithium Electrochemistry Co., Ltd. and Aleees Eco Ark Co., Ltd., the two subsidiaries of the Company, director of Hirate Energy Technology Corporation Limited and director of Helix Micro Inc.

Chang Chuen Investment Co., Ltd., Director (Legal Representative: Chi-Chuen Chen)

Mr. Ma, Cheng-Wei has been the director of the Company on behalf of Yi Tai Fund Co. since 31st October 2011. Yi Tai Fund Co. is a member firm of Ruentex, aiming at the development of green energy industry. Mr. Ma, Cheng-Wei acted as the financial junior manager of Ruentex Development Co., Ltd. and project assistant manager of Ruentex Cement Co., Ltd., and now acts concurrently as the financial assistant vice president of Huei Hong Investment Co., Ltd. and supervisor of Ruen Ya Biotechnolgy Co., Ltd. as a legal representative.

Yi Tai Fund Co., Director (Legal Representative: Cheng-Wei Ma)

Mr. Cheng-Wei Ma has been the director of the Company of the fifth term on behalf of Yi Tai Fund Co. since 31st October 2011. Yi Tai Fund Co. is a member firm of Ruentex, aiming at the development of green energy industry. Mr. Cheng-Wei Ma acted as the financial junior manager of Ruentex Development Co., Ltd. and project assistant manager of Ruentex Cement Co., Ltd., and now acts concurrently as the financial manager of Huei Hong Investment Co., Ltd. and supervisor of Ruen Ya Biotechnolgy Co., Ltd. as a legal representative.

Wei-Ming Shen, Independent Director

Professor Shen, Wei-Ming joined the Board of Directors on 27th June 2011 and has been the independent director of the Company since then. Professor Shen, Wei-Ming acted as the dean and vice professor of the Accounting Department of Tunghai University, dean of the Research and Development Division, Office of Academic Affairs and Department of Public Finance and Taxationof National Taichung University of Science and Technology, and now acts concurrently as the professor of the Department of Public Finance and Taxation of National Taichung University of Science and Technology, independent director of Skymedi Corporation and independent director of EPISTAR Corporation, and independent director of Siliconware Precision Industries Co., Ltd.

Tah-Tong Wang, Independent Director

Professor Wang jointed the Board of Directors on 12th June 2015 and  is currently the Professor at Department of Accounting, National Taiwan University, as well as a member of the Compensation Committee of Tah Tong Textile Co., Ltd., a consultant to the Public Service Pension Fund Management Board and a member of the Management Board of the Telecommunications Universal Services Fund of the National Communications Commission also serve as independent director of OBI Pharma, Inc., TaiMed Biologics and Ruentex Industrial Ltd.  He has served as an independent director of First Financial Holding Company and a director of TacBright Optronics Corporation. Professor Wang obtained his Ph.D. degree in Finance from Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, USA.

Chien-Yuan Lin, Independent Director

Professor Lin, Chien-Yuan jointed the Board of Directors on 19th June 2012 and has been the independent director of the Company since then. Professor Lin, Chien-Yuan acted as the deputy mayor of the Taipei City Government, commissioner of the Department of Finance, Taipei City Government, vice professor of the Graduate Institute of Building and Planning of National Taiwan University, vice professor of the Department of Transportation Technology and Management of National Chiao Tung University, and now acts concurrently as Professor Emeritus, Dept. of Civil Engineering of National Taiwan University, Honorary Professor of the College of Construction and Development of Feng Chia University, Honorable Chairman, Foundation of Urban Development and Environmental Education, Chairman of Taiwan Smart City Association and independent director of both  An-Shin Food Services Co., Ltd. and TECO Electric & Machinery Co., Ltd

Jaime Che, Director

Jaime Che joined the Board of Directors on 23th November 2016. He has been appointed as the Investment & Corporate Manager of APAC Resources Limited (Stock Code: 1104), and the Assistant to Managing Director/Investor Relations Manager of Fushan International Energy Group Limited (Stock Code: 639, now renamed as Shougang Fushan Resources Group Limited). He is currently an executive director of FKL.

Ms. Ching Chi Kei, Director

Ms. Ching Chi Kei joined the Board of Directors on 23th November 2016. Sheis a fellow member of the Association of Chartered Certified Accountants and an associate member of the Hong Kong Institute of Certified Public Accountants. She joined FDE Electric Vehicles Limited as Accounting Manager since 1st June 2006 and has been appointed as the Chief Financial Officer of the company with effect from 10th October 2012 till now.