The Board of Directors of SinoPac Holdings Co., Ltd. (hereinafter referred to as SinoPac Holdings) recently approved the elevation of the Sustainability Development Committee to a "functional committee" under the Board, effective from July 1, 2024. Additionally, three new independent directors will be added to the committee, demonstrating the company's commitment to sustainable governance. Furthermore, a Sustainability Office will be established under the Board, with Senior Executive Vice President Benjamin Lin appointed as the Chief Sustainability Officer to assist the Sustainability Development Committee in promoting various initiatives. SinoPac Holdings President Stanley Chu stated that SinoPac Holdings is the first financial holding company in Taiwan to establish a Chief Sustainability Officer and Sustainability Office at the board level, aiming to set a high standard in the industry and fulfill its commitment to sustainable development.

SinoPac Holdings had already established a Sustainability Development Committee under the Chairman, with the Chairman serving as the Chief Committee Member, and the President and Chairmen and Presidents of major subsidiaries serving as members. Under the leadership of the committee, SinoPac Holdings has achieved outstanding sustainability performance in recent years, receiving high recognition in domestic and international sustainability evaluations and assessments. This includes being a constituent of the Dow Jones Sustainability Index, ranking in the top 5% of the S&P Global Sustainability Yearbook for the banking industry for three consecutive years, receiving an AA leadership rating in the MSCI ESG ratings, achieving the highest "Leadership Level A" honor in the CDP supplier engagement, and receiving the "Leadership Level A-" rating in the CDP survey on Climate for four consecutive years. Additionally, SinoPac Holdings has been awarded the Platinum Award for Best ESG Company by The Asset magazine for four consecutive years and has been listed among the top 100 in the "CommonWealth Magazine's Corporate Citizenship Awards" for four consecutive years, demonstrating remarkable results.

To further enhance sustainable governance, it was decided to elevate the Sustainability Development Committee to a functional committee under the Board, with directors from the financial holding company, bank, securities, and leasing companies serving as members, including three independent directors from the financial holding company. This composition not only highlights the company's commitment to sustainable development but also ensures the formation of a consensus on sustainability-related policies and strategies, extending from the financial holding company to its subsidiaries, thereby facilitating the implementation of various sustainability initiatives.

Simultaneously, SinoPac Holdings will establish a Sustainability Office under the Board as a dedicated department for sustainable development. 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 and assisting the Sustainability Development Committee in implementing various plans. Additionally, Benjamin Lin, who has previously served as the Executive Secretary of the Sustainability Development Committee, Director of the SinoPac Holdings CFO Office, and Director of the Bank SinoPac President's Office, has been appointed as the Chief Sustainability Officer. Leveraging his extensive experience and expertise in finance, business, and sustainability, Lin will ensure the promotion of SinoPac Holdings' sustainability-related work and, under the guidance and leadership of the Sustainability Development Committee, create new milestones in the company's sustainable development.