Corporate Governance

➲ System planning

• Board of directors members (including Chairman)：
  To ensure succession and sustainability of the puppetry art, a resolution was passed during the board of directors meeting held on November 12, 2019 to assemble a "Corporate Governance and Nomination Committee." Main duties of the Committee are to search, review and nominate director candidates (including independent and non-independent directors), review the establishment and amendment of board meeting policies, functional committee foundation principles and corporate governance-related codes of conduct and policies, and execute instructions of the board of directors.
• Key management：
  Pili International has a senior management (the President) succession plan in place to ensure that successors not only possess the right skills to deliver outstanding results, but are also committed to upholding the spirit of “heritage and creativity without boundaries” and supporting innovation across generations for this century-old art. Senior managers are required to possess a number of characters including integrity and innovation. In terms of sustainability, the senior management has been trained to respect social ethics and stakeholders' interests and incorporate environmental, social and corporate governance issues as part of corporate management and operation. This attention to sustainability enables improvements on a number of areas including corporate governance practice, business scale, shareholder value and corporate social responsibilities.

➲ Training progress

The Company organizes training courses such as video production, brand marketing, production financing and EMBA to ensure that the "senior management (President)" possesses the proper education, experience, management skills, expertise, innovation and production knowledge to manage corporate affairs. These training courses also ensure transfer of knowledge and succession of leadership.

➲ Duties undertaken and seniority

Liang-Hsun Huang, Vice President of Pili Production Center, has been with Pili International for 8 and a half years. In addition to possessing the above qualities, Huang also focuses on new business and international market development. After assuming responsibility in overseas business development towards the end of 2015, Huang has made the following accomplishments with respect to the Mainland, Japan and overseas markets to drive the growth of Pili audience：

• Expansion of the Mainland market - local talents were recruited and local strategies were adopted to grow fans for Pili shows.
• Expansion of the Japan market - in 2016, the Company made its first attempt to incorporate elements of Japanese anime into puppetry and created a whole new IP named "Thunderbolt Fantasy" in collaboration with Japanese partners to facilitate new productions in the future.
• Through a collaboration with Netflix, "War Of Dragons" made its way into the international OTT platform and was shown in more than 190 countries.

On September 9, 2019, the board of directors passed a resolution to reappoint Vice President Liang-Hsun Huang of Pili Production Center as President, who will be leading Pili International through a number of changes including digitalization, globalization and IP diversification, while integrating contents, e-merchants and social media to create an ecosystem that appeals to broader fans of the modern era.

Su Huan-chen on the global stage:
https://www.youtube.com/watch?v=PkByAoxQJUo
 

➲ Execution status