BoD of Directors are as follows

In order to implement the policy of diversification of the Board members, and be appropriate in respect of its operation, business model and development needs. The diversity policy should include but not be limited to the following two standards:

1. Basic conditions and values: gender, age, nationality and culture.

2. Expertise and Skills: professional background (e.g. law, accounting, industry, finance, marketing or technology), professional skills and industry experience.

The Duties of the Board of Directo

Regarding to Chairman Cheng's belief of corporate governance, a board of directors' primary duty is to establish supervision. The board should supervise the Company's compliance with relevant laws, and timely disclosure of material information, and the integrity within the Company. The Board fulfills above duties and through the Compensation Committee, and through the Internal Audit department.

The second duty of the Board of Directors is to strengthen the function of the management team. Flexium's management reports to the Board periodically. Moreover, the Board also usually reviews and guides the progress of Company's business strategies with the management team.

The third duty of the Board of Directors is to build the structure of effective corporate governance. Flexium's management has maintained a functional communication with the Board. The management has also been devoted in executing guidance of the Board and in running the business operations. All above is to achieve the shareholders' best interests.

Election of Independent Directors

According to the Article 14-2 of the "ROC Securities and Exchange Law," Flexium's Articles of Incorporation had been created for the nomination of independent directors and require that the Board of Directors must have two independent directors. According to Flexium's Articles of Incorporation, independent directors shall be elected pursuant to the candidate nomination rule as specified in Article 192-1 of the "ROC Company Law".

Flexium's 9th Board of Directors was elected at Flexium's 2019 Annual Shareholders' Meeting. Current independent director's academic background and experience are listed in the table as below.

Current independent director's academic background and experience are listed in the table as below:

Communication scenarios between Individual Directors, Supervisors, Internal Auditing Officers, and Accountants

1. Communication between Internal Auditing officers and Individual Directors：

(1) Our Internal Auditing Officers will perform routine audit reports to Individual Directors and Supervisors during the board meeting and discuss its financial performance with the committee members.

(2) Adopt unscheduled communicative measures such as phone calls, e-mails, or in-person meetings to correspond, direct, and respond.

(3) Should there be urgent issues, it is advisable that every individual director be immediately informed.

2. Communication between Accountants and Individual Directors：

Our Certified Public Accountant (CPA) will execute random meetings annually with board committees and report to Individual Directors and Supervisors based on the latest Regulations, Financial Reports review, or the internal control auditing situations.

2021 Communicative Instructions between Individual Directors and Accountants：

Succession planning and implementation for the Company's board members and important members of management

(1) Succession planning for important members of management:

In order to meet the needs of the group's business operation and human resources development, the Human Resources Department of the company plans every year for the promotion of the management level above the class level. In addition to considering whether they have excellent professional and management skills, their values must be consistent with the company's philosophy, and they must have personality traits such as integrity, steadfastness, innovation and entrepreneurial spirit.

For the training content of management successors, the Human Resources Department of the company regularly arranges courses such as "Project Management" and "Leadership Development" to comprehensively cultivate the decision-making ability of senior executives.

(2) Succession planning for board members:

As said above, the Company possess sufficient talents to succeed the future vacant seats of directors. As for independent directors, the law requires they must have work experience in business, legal affairs, finance, accounting or the company’s industry. The supply of such professionals in this country is not lacking. In the company's planning, therefore, the succession of independent directors may be drawn from industry.

The Company also specifies the “Procedures of Board Performance Assessment;” via the measurement items in the performance assessment, including the grasp of the company's goals and missions, the recognition of director's duties, the degree of participation in the company's operations, the management of internal relationships and communication, the professionalism and continuing professional education, the internal controls and concrete expressions of the opinions, to verify the effectiveness of the Board’s operation and assess the directors’ performances, as the reference for the future director selection.