Corporate Governance

Upon nomination by the Nominating Committee of UMC, the Board of Directors appointed Mr. Chitung Liu, the Senior Vice President and CFO of UMC, as the Chief Corporate Governance Officer on March 6, 2019. The position is accountable for corporate governance matters, including preparation and execution of agenda and matters relating to the Shareholders’ meeting, the Board, Audit Committee, Remuneration Committee, Capital Budget Committee and Nominating Committee, assistance in fulfilling requests by directors to perform duties and provide information, and is also responsible for ensuring legal compliance of the Board, promoting communication and dialogue between management team and the directors, and among the board members, and communicating with the independent directors on corporate governance-related affairs on a regular basis every year. The Chief Corporate Governance Officer has been in a managerial position for at least three years in a public company in handling financial and stock affairs, and completed professional training in accordance with laws and regulations.