Sustainable Governance Framework

SinoPac Holdings (the Company) established the "CSR Project Team" in 2015 to actively plan CSR related affairs. In 2018, the Company formulated the "Guidelines for Corporate Social Responsibility” (renamed as “Guidelines for Sustainable Development” in 2022) and established the "Sustainable Development Committee" (the Committee). The Chairman of the Company also chairs the Committee, with the President of the Company and the Chairman and President of major subsidiaries serving as members. The Committee oversees and manages the risks and impacts of operations of the Company and its subsidiaries on the economy, environment, and society. The Committee meets quarterly and reports to the Board of Directors every six months to effectively implement the Company’s sustainable development strategy.

To further enhance the management of sustainable development, starting from July 1, 2024, our Company has elevated the Sustainable Development Committee to a functional committee of the Board of Directors. The Committee members consist of Directors from SinoPac Holdings and its subsidiaries, with a minimum of three members including at least one independent Director of SinoPac Holdings. Currently the Sustainable Development Committee consists of nine directors from SinoPac Holdings, Bank SinoPac, SinoPac Securities, and SinoPac Leasing to ensure the formation of consensus and implementation of decisions on the sustainable development. Additionally, the Committee includes three independent Directors from SinoPac Holdings, with the Chairman of SinoPac Holdings serving as the Convener and Chair of the Committee. The Sustainable Development Committeee’main responsibilities include reviewing the establishment and amendment of sustainable development policies, reviewing and approving the sustainable development annual work plan, reviewing, monitoring, and revising the implementation effectiveness of the annual sustainable development work plan, supervising the disclosure of sustainable information as well as approving the sustainability report, and supervising the execution of business activities related to the Company's Sustainable Development Guidelines or other sustainable development tasks approved by the Board of Directors. It convenes a meeting at least twice a year and may be called at any time.

The Company has also established a Sustainability Office under the Board of Directors, serving as a dedicated unit for sustainable development, assisting the Committee in promoting various sustainability initiatives. A Executive Vice President has also been appointed as the Chief Sustainability Officer (CSO) to ensure the implementation of sustainability-related tasks. The Sustainability Office encompasses five cross-departmental teams, including corporate governance, customer relations, employee welfare, social involvement, and environmental protection, responsible for executing various sustainable development tasks. The progress and execution of related work plans are reported to the Sustainable Development Committee and reported to the Board of Directors at least every six months. In addition, Bank SinoPac, SinoPac Securities, SinoPac Leasing, and SinoPac Securities Investment Trust have established respective sustainable development teams that are connect to the five cross-departmental teams of SinoPac Holdings, with the President of each company serving as the Convener, to implement sustainable development policies and work plans for the Company as a whole.

The Sustainability Committee held six meetings in 2024. Two were held before it became a functional committee of the Board in July, and the remaining four after. The Committee reported to the Board of Directors three times.