The Board of Directors is the highest strategic and management body of the Company. In addition to formulating various regulations and measures in accordance with relevant laws, regulations, and the authority granted by shareholders’ meetings, the Advantech Board of Directors also supervises the implementation of various operational results.

1. Design and formulate the direction, strategy and tactics of corporate management.
2. Review the annual corporate business plan and major investment projects.
3. Review the financial reports and material information disclosure matters of the Company.
4. Formulate a valid and proper internal control system.
5. Supervise and handle all risks faced by the Company.
6. Oversee sustainability development and information security governance.
7. Oversee the appointment and dismissal, compensation, and succession planning of key executives.
8. Safeguard shareholders’ rights and interests and enhance the effectiveness of corporate governance.
9. Handle other material matters as required by applicable laws and regulations or competent authorities.

Advantech Co., Ltd. values corporate governance and the functions of the Board of Directors. The selection of members of the Board of Directors adheres to our diversity policy with a comprehensive evaluation of industry background, education and background, professional domain, and gender equality, in an attempt to facilitate diverse viewpoints.

The 16th Board of Directors comprises nine directors. In particular, three seats are independent directors, accounting for 33% of all Board of Directors members. With the principle of gender equality, the 16th Board of Directors has recruited two seats of female directors (22%) and has specified the minimum ratio of female directors in the regulations < Corporate Governance Best Practice Principiples >. In the future, the ratio will continue to strengthen and increase accordingly. All directors are of Taiwanese nationality while the age distribution of members include 2 directors aged between 41-50 years old (22%), 1 director aged between 51-60 years old (11%), 4 directors aged between 61-70 years old (44%), and 2 directors aged between 71-80 years old (22%).

Industry and Professional Background:

Chairman Liu, as the founder of Advantech, has striven to direct Advantech towards the goal of globalization since the incorporation of the company through continuous development, innovation, and application. In view of the vigorous development of the global Internet of Things (IoT) in recent years, he has actively cooperated with partners to “create” an industrial ecosystem and to promote IoT software and hardware solutions with the industrial IoT cloud platform WISE-IoT as the core. Chairman Liu for the purpose of realizing the values based on altruism has led Advantech to implement ESG based on the core capabilities of the company, to expand its social influence, and to move towards the goal of sustainable development.

Director Chaney Ho is the co-founder of Advantech with a focus on Advantech’s global business marketing, branding, and operation management, and plans to promote Advantech’s vision plan of “Enabling an Intelligent Planet” in order to accelerate Advantech’s entering the Internet of Things (IoT) industry. Therefore, Advantech has been awarded the honor of being ranked in the top 5 of “Branding Taiwan” since the year of 2004 to the present. Director Chaney Ho currently also serves as a Director of Unabiz Pte Ltd. and an Independent Director of Giant Manufacturing Co., Ltd. and Wellell Inc.

Director Wesley Liu has experience in smart cities, smart retail system integration (SI) solutions, and Internet of Things (IoT) development, as well as experience in talent strategy development and comprehensive management.

Director Tony Liu has the necessary work experience for commerce and business affairs, and is profession at operational judgment, accounting and financial analysis, business management, crisis management, industry knowledge, international market outlook, leadership, and decision-making capability.

Director Ji-Ren Lee worked at National Taiwan University from 2005 to 2020, and successively served as deputy dean of the School of Management and executive director of EMBA, deputy dean of teaching and resource development of the School of Management, and director of the Creativity & Entrepreneurship Program and Innovation Center. Director Li has been awarded the Honorary Professor of the Department of International Business, National Taiwan University after his retirement in 2020. Director Lee has expertise and experience in business strategy, talent development, risk management, and financial analysis; also, he has more than five years of work experience needed for the company’s business. He was the Associate Executive Officer of Yulon Group in 1982, which is the kind of work experience related to the GICS industry. Director Ji-Ren Lee currently also serves as a Corporate Representative Director of Longchen Paper & Packaging Co., Ltd. and Primax Electronics Ltd. Director of COMMONWEALTH EDUCATION MEDIA AND PUBLISHING CO., LTD., CommonWealth Magazine Co., Ltd. Independent Director of Airoha Technology Corporation and MAYO Human Capital Inc.

Director Alan Hsieh has been working at ASUSTeK Computer Inc. since 2000 and has served as Chief Technology Officer of ASUSTeK Computer Inc. since 2017. He has successively served as the head of R&D units, including Mobile Communication Product Development and Da Vinci Laboratory, and has more than 20 years of experience in electronic product development. Since serving as Chief Technology Officer of ASUSTeK Computer Inc., Director Hsieh has been committed to deepening ASUSTeK’s research and applications in artificial intelligence and has served as Chairman of the Generative AI Committee. During this period, he also collaborated with National Taiwan University to establish the ASUS-NTU Joint Research and Development Center, and has many years of experience in technology management and research project management.

Independent Director Ming-Hui Chang was the former Chairman of PwC Education Foundation and Director of PwC Taiwan. He has professional accounting and financial knowledge, as well as a profound understanding of international markets and extensive experience in corporate risk management. He is a Certified Public Accountant of the Republic of China. He serves as Independent Director of UNI-PRESIDENT ENTERPRISES CORP., Longwell Company, Solomon Technology Corporation. He previously served as Chairman of the Association of Sustainable Social Enterprise of Taiwan (ASSET) and has expertise in sustainability.

Independent Director Eunice Chiu has 40 years of experience as a professional executive and retired from her position as Vice President and Taiwan Country Manager of NVIDIA in June 2025. Her 40 years of experience include multinational companies such as Johnson & Johnson, Microsoft, GE, and NVIDIA, spanning diverse industries including consumer products, software, healthcare, and semiconductors. She has extensive experience in product management, marketing, solution sales, business development, operations management, organizational development, talent development, and cross-border communication and coordination. She currently serves as an Independent Director of Walsin Lihwa Corporation and Sinyi Realty Inc., and as an Adjunct Professor at Chung Yuan Christian University.

Independent Director May Wei was the former Chief Strategy Officer and Chief of International Market Staff, Greater China, of WTW (Willis Towers Watson US LLC), former General Manager of Talent and Rewards Consulting, Taiwan, and former Asia Pacific Organization Transformation Consulting Leader. She was also honored with the WTW President’s Award. With more than 20 years of experience as a senior executive at WTW, she is well-versed in global corporate management. She also has more than 30 years of experience in multinational organizational transformation and integrated consulting, with expertise in organizational transformation, global management, ESG sustainability transformation, strategic planning, organizational design, succession planning, leadership development, talent development, management mechanism establishment, and cultural transformation. She previously served as Organization Development Project Manager and Head of the TQC/Training Center at Texas Instruments Taiwan Ltd. She has extensive professional experience as an executive coach and mentor. She currently serves as an Adjunct Professor at the Graduate Institute of Applied Buddhist Studies, Fuzhi Buddhist College, and as a Director of the International Leadership Foundation (ILF).

The Board of Directors composes of elites from the industries and academic circle, who own abundant personal insight, international market perspective, professional academic abilities, corporate operation and management, and risk management. The members make optimal and excellent contributions to the corporate operations and management, accomplishing the diversified and specific management objectives of the Board of Directors. The specification of the industry experience and composition of diversification are described in the following table:

• Board Diversity, Independence, and Governance Objectives
• Performance Self-Assessment Results of the Board and Functional Committees

The independent directors of the Company not only have to meet the qualification requirements as stipulated in Article 3 of Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies but also refer to DJSI criteria for determining independence as an additional reference.

• Succession Planning for Board Members and Management