As the insurance industry is an industry that is highly supervised by the competent authorities, we attach great importance to the regulation and governance mechanism of the members of the Board of Directors. In 2022, there were 15 Directors (including 3 Independent Directors) , who are specialize in the fields of finance, risk management, insurance, and laws, were responsible for the Company's operational policies and oversee and manage the results of ESG initiatives at all levels. In order to enhance the effectiveness of the operations of the Board of Directors, the Board of Directors' performance is evaluated annually. In 2022, the average score of directors' self-assessment was 97.7 (full score of 100) and the average score of peer evaluation (overall evaluation) was 94.8 (full score of 100). The performance of the Board of Directors was good.

In order to enhance the knowledge of the Board of Directors on responsible management, economic, environmental and social issues, in 2022, we conducted "Information security practices and sustainable operation CSR guidelines and case study," "Challenges and opportunities brought by the net zero era to the financial industry," "Latest development trends in AML/CFT, ethical corporate management, and treating customers fairly," and "Opportunities from the transition to IFRS17.", with an average of 12 hours of training per person. In addition，Linking directors’ and Executives’ Remuneration to Organizational ESG Performance, periodically (every month) reporting material issues to the Board of Directors, issues for communication include: corporate governance, ethical corporate management, financial performance, risk management, compliance, AML/CFT, corporate sustainability, and treating customers fairly incorporate ESG strategy into the core value of the business.

We established the "Ethical Corporate Management Policy and Best Practice Principles" and the "Ethical Corporate Management Operating Procedures and Code of Conduct" to implement ethical corporate management, and provide training to all employees each year to communicate the value of integrity to all employees. All employees completed ethical corporate management training in 2022. Furthermore, company-wide risk of unethical conduct is assessed regularly each year, in order to effectively determine the distribution and control of risk of unethical conduct. We completed an assessment of the risk of unethical conduct at all company locations in 2022; a total of 11 risks were assessed, including bribes, inappropriate sponsorship, unfair competition, and accepting improper gains; overall risk of unethical conduct was assessed to be low.