Three CTCI Listed Companies Evaluated as Top 5% of the 5th Corporate Governance Evaluation

In the 5th Corporate Governance Evaluation by Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx), three listed companies in CTCI Group (CTCI Corp., CTCI Advanced Systems, ECOVE) finished in the top 5% of the TWSE and TPEx listed categories. In addition, CTCI Corp. and ECOVE finished in the top 10% of listed companies in the non-finance and non-electronics industry with a market value of 10 billion TWD or more. ECOVE is the only TPEx listed company to be ranked in this category. The two evaluations above are divided into 7 and 5 levels respectively, with CTCI placing at the highest level in both. The awards ceremony was held on May 28th. Executive Vice President of CTCI, Ming-Cheng Hsiao, the Chairman of CTCI Advanced Systems, Teng-Yaw Yu, and the Chairman of ECOVE, Jun-Jer Liao, were present to accept the awards.

This year's evaluations were mainly carried out using the 172 indicators in 4 major dimensions: protecting shareholders' rights and interests, equal treatment, enhancing board structure and operation, increasing information transparency, and putting corporate social responsibility into practice. A total of 1,554 companies, including 868 TWSE listed companies and 686 TPEx listed companies, were evaluated. The awards recognize CTCI's efforts in several areas including operational performance, corporate governance, and corporate social responsibility.

As a leader in Taiwan's engineering industry with the "Most Reliable" brand spirit, CTCI continues to improve its corporate governance and strives for sustainable business performance. Through the promotion of "Total Participation CSR Excellence Practice," corporate social responsibility is incorporated into CTCI's business strategy. CTCI’s core professional technologies enable it to provide the world with the best engineering services and improve the competitiveness of domestic industries. This is done without neglecting economic, social, and environmental developments as part of the contribution towards global sustainability. Its outstanding performance has been recognized in several domestic and foreign evaluations, including constituent stocks in DJSI Emerging Markets Index for 4 consecutive years, top 40 constituent stocks for listed companies in the 1st Taiwan Sustainability Index, Excellence in Corporate Social Responsibility Award by CommonWealth Magazine, and Most Prestigious Sustainability Awards—Top Ten Domestic Corporate in Taiwan Corporate Sustainability Awards.

Mr. Ming-Cheng Hsiao (right), EVP of CTCI Corp, receives the honor from Mr. Wellington L. Koo, Chairman of the Financial Supervisory Commission.

Mr. Teng-Yaw Yu (left), Chairman of CTCI ASI, receives the honor from Mr. Wellington L. Koo, Chairman of the Financial Supervisory Commission.

Mr. J. J. Liao (left), Chairman of ECOVE, receives the honor from Mr. Wellington L. Koo, Chairman of the Financial Supervisory Commission.