The performance evaluation results of the Board of Directors of TANG ENG IRON WORKS CO., LTD. for 2025 were submitted to the 20th Session, 10th Board Meeting on December 29, 2025. The evaluation was approved and filed for reference by all attending board members.
Internal Evaluation: The Board of Directors should conduct an internal performance evaluation at least once a year.
From December 1, 2024, to November 30, 2025.
The evaluation covers the overall performance of the Board of Directors, individual board members, and functional committees.
The evaluation includes self-assessment of the Board's performance, self-assessment of individual board members, and self-assessment of the functional committees’ performance.
The performance evaluation indicators for the Board of Directors are categorized into five main areas, comprising a total of 38 indicators. The ratings for each area, as shown in the table below, range from “Excellent (5)” to “Good (4)”, indicating that the Board has effectively fulfilled its responsibilities in guiding and overseeing the Company's strategy, major operations, and risk management. Overall, the Board's performance aligns well with corporate governance standards.
| 5 Self-Assessment Areas | Evaluation Items | Rating Results |
|---|---|---|
| A.Degree of Participation in Company Operations | 12 items | 4.76 points |
| B.Enhancement of Board Decision-Making Quality | 11 items | 4.75 points |
| C.Board Composition and Structure | 6 items | 4.80 points |
| D.Selection and Continuing Education of Directors | 3 items | 4.82 points |
| E.Internal Control | 6 items | 4.74 points |
The performance evaluation indicators for individual directors are categorized into six main areas, comprising a total of 23 indicators. The ratings for each area, as shown in the table below, range from "Excellent (5)" to "Good (4)", reflecting positive assessments of directors' efficiency and effectiveness in relation to each indicator.
| 6 Self-Assessment Areas | Evaluation Items | Rating Results |
|---|---|---|
| A.Understanding of Company Goals and Mission | 3 items | 4.70 points |
| B.Awareness of Director Responsibilities | 3 items | 4.79 points |
| C.Degree of Participation in Company Operations | 8 items | 4.63 points |
| D.Internal Relationship Management and Communication | 3 items | 4.79 points |
| E.Director's Professionalism and Continuing Education | 3 items | 4.76 points |
| F.Internal Control | 3 items | 4.85 points |
The performance evaluation indicators for the Audit Committee are categorized into five main areas, comprising a total of 21 indicators. The ratings for each area, as shown in the table below, range from "Excellent (5)" to "Good (4)", indicating that the Audit Committee operates effectively and in line with corporate governance standards, contributing to the enhancement of the Board’s functions.
| 5 Self-Assessment Areas | Evaluation Items | Rating Results |
|---|---|---|
| A.Degree of Participation in Company Operations | 4 items | 4.83 points |
| B.Awareness of Audit Committee Responsibilities | 5 items | 4.80 points |
| C.Enhancement of Functional Committee Decision-Making Quality | 7 items | 4.62 points |
| D.Composition and Member Selection of Functional Committees | 2 items | 4.83 points |
| E.Internal Control | 3 items | 4.56 points |
The performance evaluation indicators for the Compensation and Remuneration Committee are categorized into four main areas, comprising a total of 16 indicators. The ratings for each area, as shown in the table below, range from "Excellent (5)" to "Good (4)", indicating that the Compensation and Remuneration Committee operates effectively and in accordance with corporate governance standards, thereby contributing to the enhancement of the Board’s functions.
| 4 Self-Assessment Areas | Evaluation Items | Rating Results |
|---|---|---|
| A.Degree of Participation in Company Operations | 4 items | 4.83 points |
| B.Awareness of Compensation Committee Responsibilities | 4 items | 4.68 points |
| C.Enhancement of Functional Committee Decision-Making Quality | 6 items | 4.67 points |
| D.Composition and Member Selection of Functional Committees | 2 items | 4.83 points |
E.Internal control, scored 4.74.
The Secretariat will coordinate with the Management Department continuously to implement the self-assessment, defect improvement and operational efficiency measurement of the internal control system to ensure the long-term and effectiveness of the control mechanism; and assist the board and management in maintaining timely awareness of internal control operations, to fulfill supervision and management responsibilities, and strengthen the overall effectiveness of corporate governance.
C.Participation in the operation of the company, scored 4.63.
In order to assist directors in gaining a deeper understanding of the company's operating trends, the Secretariat will coordinate with the Management Department to strengthen the provision of information on industry trends, operating finance and strategic risks, so as to assist the board to better understand the company's operating conditions, so that directors can make more professional and timely judgments, and further enhance the overall operating efficiency of the board.
E.Internal control, scored 4.56.
The Secretariat will coordinate with the Management Department to continuously deepen the audit and evaluation of the internal control system, including the improvement of operating processes, regulatory compliance and the tracking of major deficiencies, to ensure the continuous, effective and compliance operation of the internal control system, and assist the Audit committee in comprehensively understanding the status of risk management to enhance the overall supervision quality.
C.Improvement of quality of decisions made by the functional committee, scored 4.67.
In order to improve the decision-making quality of the Remuneration Committee, the Secretariat will coordinate with the Management Department to improve the quality of the proposal and the completeness of the data, fully provide the information required by the members before the review, and arrange for relevant supervisors to attend when necessary to explain, so that the members can fully grasp the key information and improve the operational performance of the functional committee.