Corporate Governance Framework

The board of directors of Primax Electronics has long adopted high standards of corporate governance, even higher than what some laws require, as the foundation of its operations. This highlevel of corporate governance ensures the efficiency of board functions, protects shareholders' interests, and provides thecritical foundation to the Company's sustainability.To strengthen the structure of the Board of Directors and improve the division of labor, the Remuneration Committee,Audit Committee, Nomination Committee and Sustainable Development and Risk Management Committee have been setup under the Board of Directors. For the number of members,term of office, responsibilities and powers, and major tasks ofeach committee established under the Board of Directors, please visit the 【Company's website】, and refer to《 P24~P28 of the 2024 Annual Report for Annual General Meeting》 for the details of its operations.

Diversity of board directors

Board members at Primax Electronics are chosen through nomination and elected by all shareholders in transparent, electronic voting session .All members possess the necessary abilities, knowledge and experience to exercise their powers and responsibilities. All directors have placed the Company's and shareholders' long-term interests at the top of theirpriority, and formulated strategies in an objective manner. The current board term runs from May 24, 2024 to May 23, 2027. Board meetings are convened at least once each quarter, and in 2024, a total of nine board meetings were held. The average attendance rate of all directors was 100%. The roles of Chairman and President are currently held by the same individual. This arrangement supports timely decision-making and accelerates the Company's global expansion in response to rapid changes within the industry. To address this structure, in which the Chairman and the President roles are held by the same individual, Primax has enhanced the composition of the Board. More than half of the current directors are neither employees nor members of management, and the number of independent directors has been increased to strengthen oversight and independence. Additionally, considering the long-term needs of corporate governance, the Board has approved a succession plan and is actively developing candidates for the President position. A new President will be appointed at an appropriate time, based on operational requirements. For biographies of the Board members, please refer to the【Board of Directors and Functional Committees on the Company's official website】.

Primax values board diversity and has established specific phased objectives for a diversified board composition. The Nomination Committee takes these objectives into account during the selection process to ensure representation across different age groups and to guide a progressive generational transition. In terms of professional backgrounds, all directors have management experience, complemented by expertise in relevant industries, R&D, marketing, and finance. Regarding professional knowledge and skills, all nine directors (100%) possess expertise in leadership and business management; seven directors (78%) have experience in risk management; five directors (56%) have backgrounds in information technology; five directors (56%) are proficient in finance and accounting; and one director (11%) has legal expertise.

Board Diversity and Objectives

For the introduction of the Board of Directors and the background of diversity, please refer to [Investor Relations/Corporate Governance/Board of Directors and Functional Committees]