-
SPOKESPERSON & DEPUTY SPOKESPERSON
Spokesperson: Nick Wu Title: Chief Financial Officer Tel .: (886) 2 2894-3447
E-mail: [email protected]
Deputy Spokesperson: Colvin Sung
Title: Business Analysis Division - Deputy Division Director Tel.: (886) 2 2894-3447
E-mail: [email protected]
-
HEADQUARTERS AND PLANTS
Taipei Headquarters:
(LiDe Building) No.15, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan (LiGong Building) No.115, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan Tel.: (886) 2 2894-3447
Address: 1F, No.15, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan
-
SECURITIES DEALING INSTITUTE
Name : KGI Securities Corporation, Registrar and Transfer Services Address : 5F, 2, Sec. 1, Chung-Chin S. Rd., ZhongZheng Dist., Taipei City Tel. : (886) 2 2389-2999
Website : https://www.kgi.com.tw/en/
-
AUDITORS
Name : CPA: CHANG, SHU-CHIUNG & HSU, SHENG-CHUNG
CPA Firm : PricewaterhouseCoopers, Taiwan
Address : 27F., No.333, Sec. 1, Keelung Rd., Xinyi Dist., Taipei City 110 Tel. : (886) 2 2729-6666
E-mail : http://www.pwc.com
-
EXCHANGEABLE BOND EXCHANGE MARKETPLACE
Marketable security: GDR
Luxemburg Stock Exchange: https://www.luxse.com
- COMPANY WEBSITE
http://www.asus.com
－－ CONTENTS －－
Page
- Letter to shareholders 1
-
Corporate governance report 4
Directors, President, Vice President, Assistant V.P., and Department Heads… 4
Corporate governance 26
CPAs fees 94
CPA's information 94
The chairman, president, and financial or accounting manager of the Company who had
worked for the independent auditor or the related party in the most recent years 94
Information on Net Change in Shareholding and Net Change in Shares Pledged by Directors, Supervisors, Department Heads, and Shareholders of 10% shareholding or
more 95
The relation of the top ten shareholders as the definition of Finance Standard Article 6 95
Investment from Directors, Supervisors, Managers, and directly or indirectly controlled businesses ………………………………………………………………………………… 96
-
Stock subscription 102
Capital and shares 102
Corporate bonds 106
Preferred stock 107
Issuance of global depository receipts 107
Employee stock option certificates ………………………………………………………...
Limit on Employee New Bonus Share ……………………………………………...
109
109
Merger and acquisitions or stock shares transferred with new stock shares issued… 109
Fund implementation plan 109
-
Overview of business operation 110
Principal activities 110
Market analysis and the condition of sale and production 116
Status of employees 122
Expenditure on environmental protection 122
Employee / employer relations 123
Management of Cybersecurity ……………...………………………………………………
Major agreements …...……………………………………………………………………
141
148
-
Review of financial position, financial performance and risk management ……. 149
Financial Analysis 149
Business Performance Analysis 151
Cash flows Analysis 154
Impact of major capital expenditure on finance and business 155
Policies, reasons for gain or loss and action plan in regard to investment plans in current
year and the next year 155
Risk management 155
Other important matters 159
-
Special disclosures 160
Related party 160
Subscription of marketable securities privately in the most recent years 160
Supplementary disclosures 160
Occurrence of events defined in Securities Transaction Law Article 36.2.2 that has great
impact on shareholder's equity or security price in the most recent years and up to the date
of the report printed …………………………………………………………………. 160
- Letter to Shareholders
Dear Shareholders,
Thank you for your long-term support and encouragement of ASUS.
In 2025, the ASUS team continued to build on the previous year's momentum with unity and determination. Even amid volatile tariff conditions and geopolitical uncertainties, the team responded with agility and resolve, delivering exceptional operating results with both annual revenue and net profit reaching record highs. I would like to express my most sincere appreciation to the entire team for these remarkable results.
In the 36 years since ASUS was founded, we have been fortunate to grow into a leading global brand through our participation in and contribution to the evolution of the personal computer industry. Now, we have an even greater opportunity to witness and help realize the AI-driven Fourth Industrial Revolution. The world ahead will be permeated by artificial intelligence, with interconnected systems capable of generating intelligence directly, learning autonomously, and adapting dynamically, bringing about an unprecedented paradigm shift.
We are committed to fully executing our All in on AI strategy, guided by our vision of Ubiquitous AI. Incredible Possibilities. Upholding the ASUS brand spirit of In Search of Incredible and building on our deeply embedded design thinking, we aim to unleash the full power of AI to evolve both product innovation and operational processes.
Our mission is to make AI truly ubiquitous and accessible to all, from the cloud to the edge, from personal computers to Physical AI devices, seamlessly integrating into everyday life and work, and ultimately enhancing the well-being of human society.
The following is a brief overview of our business operations results in 2025 and the outlook for 2026.
Taiwan's Most Valuable Global Brand and One of the World's Most Admired CompaniesGuided by our brand spirit of In Search of Incredible, ASUS has once again been recognized for excellence, earning the distinction of Taiwan's Most Valuable Global Brand for the twelfth time. We were also named to Fortune's "World's Most Admired Companies" list for the eleventh time, receiving high regard from industry leaders for long-term investment value, corporate social responsibility, and corporate asset management.
With design thinking at the core of our strategy, ASUS remains dedicated to enhancing user experience and customer satisfaction. Over the past year, ASUS has won 8 CES 2026 Innovation Awards, 41 Red Dot Design Product Design Awards, 3 Red Dot Brands & Communication Design Awards, 22 iF Design Awards, 23 Taiwan Excellence Awards, 5 Best Choice Awards, 15 Good Design Awards, and 1 IDEA Silver Award.
Driving a Comprehensive AI and Gaming Strategy through Design ThinkingASUS continues to execute our Ubiquitous AI. Incredible Possibilities strategy, driving a comprehensive deployment of AI across products, services, and applications. The innovative dual-screen laptop, ASUS
Zenbook DUO, received the CES 2026 Innovation Award in the Artificial Intelligence category. In addition, the V400 AiO is the world's first Copilot+ all-in-one PC powered by Snapdragon X. We have also introduced a range of AI-driven productivity tools that redefine creative experiences. In AI infrastructure, ASUS hosted the inaugural AI Tech Summit in Dubai, unveiling a full portfolio of sovereign AI solutions and solidifying our leading position in the global AI infrastructure transformation.
In the gaming sector, ASUS continues to demonstrate our unrivaled "giant lion" brand strength and innovation momentum. In 2025, we celebrated the 30th anniversary of ASUS graphics cards with a series of commemorative products and gaming community events. We also collaborated with Xbox to launch the ROG Xbox Ally X handheld gaming device and partnered with NVIDIA to introduce G-SYNC Pulsar gaming monitors. With ROG's 20th anniversary approaching in 2026, ASUS will continue to unite and engage the global gaming community in search of incredible gaming experiences.
Strengthening Sustainable Operations and Cybersecurity Governance to Build Resilient GrowthASUS promotes a sustainability strategy focused on fundamentals and results by digitizing data, adopting scientific management practices, and optimizing core competencies. We concentrate on four key pillars: Climate Action, Circular Economy, Responsible Manufacturing, and Value Creation.
In recent years, ASUS has been recognized by Corporate Knights as one of the Global 100 Most Sustainable Corporations for integrating sustainability into core business operations. We have also received top "A" ratings from the Carbon Disclosure Project for both Climate Change and Water Security, along with multiple prestigious recognitions, including the Asia Sustainability Reporting Awards, Asia-Pacific Climate Leader distinction, EcoVadis Gold rating, and ISS ESG Prime rating. ASUS was also included in the MSCI sustainability indexes, the FTSE4Good Emerging Index, and the FTSE4Good TIP Taiwan ESG Index.
In cybersecurity, ASUS has established a comprehensive group-wide governance framework and continues to build a trusted supply chain. Our team holds more than 276 internationally recognized cybersecurity certifications and actively promotes the responsible use of AI to ensure compliance and reinforce brand trust. ASUS has achieved an "A" rating in international risk assessments and continues to engage in global cybersecurity collaboration initiatives. ASUS was awarded first place in the Information Security Leadership Award at the Taiwan Corporate Sustainability Awards, demonstrating excellence in cybersecurity governance.
Record-High Revenue and Net Profit in 2025In 2025, ASUS Group's consolidated revenue reached NT$738.9 billion, up 26% year-over-year. Post-tax net profit reached NT$48.2 billion, with net profit attributable to the parent company's owners of NT$44.6 billion, a 42% year-over-year increase. Earnings per share (EPS) were NT$60. Both revenue and post-tax net profit reached record highs. For the core branded business, ASUS consolidated brand revenue for 2025 was NT$688.9 billion (unaudited), up 26% year-over-year with brand operating profit of NT$33.9 billion (unaudited), up 24% year-over-year.
Driving the AI Paradigm Shift to Strengthen Long-Term CompetitivenessAt the beginning of 2026, AI rapidly advanced from early-stage conversational applications to real-world deployment across inference, autonomous agents, and physical environments. The ASUS team is accelerating the realization of our Ubiquitous AI. Incredible Possibilities strategy.
From the perspective of work culture and processes, we are advancing AI enablement to drive tangible value creation, optimizing internal value streams, and enhancing the productivity and impact of every team member and initiative. In terms of operational strategy, we have initiated long-term strategic deployment across Cloud AI, Edge AI, and Physical AI, supported by the allocation of top talent and resources to deepen our core competencies. To address the rapidly growing demand for Cloud AI, we have expanded our ISG BU into the IS BG (Infrastructure Solutions Business Group), increasing investments in R&D talent, business development, and operational resources, demonstrating our firm commitment to supporting our customers' future high-growth needs.
Industry transformation is often accompanied by expanded cycles of volatility and the challenges of competitive shakeout. Strong demand for AI infrastructure has also driven up component costs. While near-term market demand may fluctuate, such conditions simultaneously create opportunities for stronger players to widen their advantage. Having weathered and evolved through the challenges of recent years, ASUS is even better equipped to embrace industry reality. With the advantages of a strong brand, premium product portfolio, resilient supply chain partnerships, and a team that harnesses collective wisdom, ASUS can achieve greater operational speed and flexibility. Together with our "giant lion" leadership in graphics and gaming, and the rapid growth of our AI server business, we firmly believe ASUS can achieve results that outperform the industry in 2026.
At the same time, we are making forward-looking investments in Edge AI and Physical AI. As the ecosystem matures, we will accelerate the realization of the AI paradigm shift. By building strength amid change, ASUS will achieve breakthrough growth and lead the company toward new heights.
Sincerely,
ASUS Chairman
II. Corporate governance report-
Directors, President, Vice President, Junior VP, and Department Heads
Directors
Title
Nationality/ Country of Origin
Name
Gender & Age
Date Elected
Term (Years)
Date First Elected
Shareholding When Elected
Base Date: March 31, 2026
Experience (Education)
Other Position
Executives, Directors or Supervisors who are spouses or within two degrees of kinship
Current Shareholding
Spouse & Minor Shareholding
Shareholding by Nominee
Arrangement
Shares
%
Shares
%
Shares
%
Shares
%
Title
Name
Relation
Chairman
R.O.C.
Jonney
Shih
Male
71-80
2025.05
3
1994.05
30,093,638
4.05
30,093,638
4.05
0
0
0
0
MBA of National Chiao Tung University
Business Division's President of ACER
Note 1
Director
Jonathan Tsang,
2nd consanguinity
Vice Chairman
R.O.C.
Ted Hsu
Male
61-70
2025.05
3
1993.06
7,346,683
0.99
7,346,683
0.99
1,950,924
0.26
0
0
EMBA, National Chiao Tung University Vice President of Pegatron
Note 2
None
None
None
Director
R.O.C.
Jonathan Tsang
Male 71-80
2025.05
3
1999.04
1,423,093
0.19
1,423,093
0.19
0
0
0
0
MBA of Houston University
Chairman of TAICS
Executive Director of Taipei Computer Association Chairman of ASUS
Note 3
Chairman
Jonney Shih
2nd consanguinity
Director
R.O.C.
S.Y. Hsu
Male 51-60
2025.05
3
2011.06
107,019
0.01
107,019
0.01
8,233
0.00
0
0
EMBA of National Chengchi Universit
/EMBA of National Taiwan University Fudan University College of Management
Engineer of Won-Chuan Co. Ltd.
Note 4
None
None
None
Director
R.O.C.
Samson Hu
Male 61-70
2025.05
3
2012.06
100,592
0.01
100,592
0.01
0
0
0
0
Institute of Computer Science, National Chiao Tung University
EMBA of National Chengchi University Junior V.P. of Acer
Note 5
None
None
None
Director
R.O.C.
Eric Chen
Male 61-70
2025.05
3
2008.06
157,527
0.02
157,527
0.02
12,275
0.00
0
0
Department Of Mathematics, Tamkang University Corporate Vice President of ASGL
None
None
None
None
Director
R.O.C.
Joe Hsieh
Male 61-70
2025.05
3
2011.06
0
0.00
5,000
0.00
805
0.00
0
0
Computer Engineering, Boston University
EMBA of National Taiwan University
Engineer of ASUS (USA)
Note 6
None
None
None
Director
R.O.C.
Jackie Hsu
Male 51-60
2025.05
3
2016.07
21,000
0.01
21,000
0.01
0
0
0
0
M.S. in Information Management, National Chengchi University
Corporate Vice President of ASGL
Note 7
None
None
None
Title
Nationality/ Country of Origin
Name
Gender & Age
Date Elected
Term (Years)
Date First Elected
Shareholding When Elected
Base Date: March 31, 2026
Experience (Education)
Other Position
Executives, Directors or Supervisors who are spouses or within two degrees of kinship
Shares
%
Current Shareholding
Spouse & Minor Shareholding
Shareholding by Nominee
Arrangement
Shares
%
Shares
%
Shares
%
Title
Name
Relation
Director
R.O.C.
Sandy Wei
Female
61-70
2025.05
3
2022.06
1,557,446
0.21
1,557,446
0.21
18,962
0.00
0
0
B.A. in Fashion Design, Shih Chien University Chief Sustainability Officer of ASUS
Note 8
None
None
None
Director
R.O.C.
Tze-Kaing Yang
Male 61-70
2025.05
3
2016.07
0
0.00
0
0.00
0
0
0
0
Ph.D of Business Management, National Cheng Chi University
Political Deputy Minister, the Ministry of Finance, R.O.C.
Note 9
None
None
None
Independent Director
R.O.C.
Audrey Tseng
Female 61-70
2025.05
3
2022.06
0
0.00
0
0.00
0
0
0
0
EMBA, National Taiwan University / Fudan University
M.S. in Accounting, National Chengchi University Accounting, National Chengchi University
Adjunct Professor, National Yang Ming Chiao Tung University
Note 10
None
None
None
Independent Director
R.O.C.
Andy Guo
Male 61-70
2025.05
3
2022.06
0
0.00
0
0.00
0
0
0
0
Ph.D in Massachusetts Institute of Technology
Professor, Department of Business Administration, National Taiwan University
None
None
None
None
Independent Director
R.O.C.
Lee-Feng, Chien
Male 61-70
2025.05
3
2025.05
0
0.00
0
0.00
0
0
0
0
Ph.D., Institute of Information Science and Engineering, National Taiwan University
Managing Director of Google Taiwan
Note 11
None
None
None
Independent Director
R.O.C.
Shyan-Yuan, Lee
Male 61-70
2025.05
3
2025.05
0
0.00
0
0.00
0
0
0
0
Ph.D. in Finance, Columbia University, New York City, U.S.A.
Professor, Department of Finance, National Taiwan
University
Note 12
None
None
None
Independent Director
R.O.C.
Shuen-Zen, Liu
Male 61-70
2025.05
3
2025.05
0
0.00
0
0.00
0
0
0
0
Ph.D. in Accounting, University of Pittsburgh, USA
Professor and Chair, Department of Accounting, National Taiwan University
Note 13
None
None
None
Note 1: Chairman of the following companies: Hua-Cheng Venture Capital Corp., Hua-Min Investment Co., Ltd., ASUSTOR INC., ASUS INTERNATIONAL LIMITED and CHANNEL PILOT LIMITED. Director of the following companies: ASUS TECHNOLOGY INCORPORATION, ASKEY, SHINEWAVE INTERNATIONAL INC., AAEON TECHNOLOGY INC., iMotion Group Inc., Youngmen Computer Co., Ltd., Ming-Chun Computer(*) and eCrowd Media, Inc.
Note 2: Chairman of the following companies: ASUS TECHNOLOGY PTE. LIMITED, ASUS GLOBAL PTE. LTD., ASMEDIA TECHNOLOGY INC. and eBizprise Inc.
Director of the following companies: Pegatron Corporation, TTY Biopharm Co., Ltd., iMotion Group Inc., EUSOL Biotech Co., Ltd., Huasyn Biomedical Co., Ltd., A2+ BIOTECH CONSULTING CO., LTD., HONG WEI INVESTMENT CO., LTD., Buddhist Tzu Chi Medical Foundation and UNIMAX ELECTRONICS INC.
Note 3: Director of the following companies: AAEON TECHNOLOGY INC., Hua-Cheng Venture Capital Corp., Hua-Min Investment Co., Ltd., and KARTIGEN BIOMEDICINE INC.
Note 4: Chairman of UPI Semiconductor Corp.; Director of the following companies: AAEON TECHNOLOGY INC., Hua-Cheng Venture Capital Corp., APAQ TECHNOLOGY CO., LTD. and ASUS COMPUTER INTERNATIONAL.
Note 5: Chairman of JOGEEK TECHNOLOGY LIMITED.; Director of ASUS CLOUD CORPORATION, ASUS TECHNOLOGY INCORPORATION, Hua-Min Investment Co., Ltd., ASKEY, ASUS COMPUTER INTERNATIONAL, TAIWAN AI CLOUD CORPORATION. and ASUS MAAS CORPORATION.
Note 6: Chairman of the following companies: ASUS TECHNOLOGY LICENSING, ASUS METAVERSE INC, DATASUS COMPUTER INC., ASUS CLOUD CORPORATION, TAIWAN AI CLOUD CORPORATION, ASUS MAAS CORPORATION, KUO-CHENG ENTERPRISE CO., LTD.(*), SHUN-MAO INVESTMENT(*), and ASUS TECH USA.
Director of the following companies: ASUS LIFE CORPORATION, TAIWAN HEALTH AND BIO DATABANK TECHNOLOGY INC., ASUS COMPUTER INTERNATIONAL, DATASUS
COMPUTER AMERICA, GOING CHAMPION ENTERPRISE CO., LTD., NATIONAL FIBER TECHNOLOGY(*) and Shine Mao Invest Inc.
Note 7: Director of the following companies: PORTWELL INC., DATASUS COMPUTER INC., ASUS TECH USA and DATASUS COMPUTER AMERICA. Note 8: Supervisor of ASUS TECHNOLOGY INCORPORATION; Director of GREEN & GOOD LIFE CO., LTD.
Note 9: Chairman of Yangtze Associates. Director of the following companies: Huiyang Private Equity Fund Co., Ltd, Airiti Inc., Pegatron Corporation, TTY Biopharm Co., Ltd. and Huicheng Capital*. Note 10: Director of the following companies: St.Shine Optical Co., Ltd., StoneHedge Biotech Corp., Onward Therapeutics Co., Ltd. and All BioScience Co., Ltd. (Term ending on June 12, 2026).
Independent Director of the following companies: Coretronic Corporation, Bionime Corporation, and Delta Electronics. Supervisor of Taiwan Bio-Manufacturing Corporation.
Note 11: Director of the following companies: Chunghwa Telecom.
Independent Director of the following companies: Airoha Technology Corp., Uni-President Enterprises Corp., Appier Group Inc., Japan (Non-publicly Traded Company), Kkday Holdings Co.,Ltd. and Japan. (Non-publicly Traded Company).
Note 12: Independent Director of Taishin International Bank. Note 13: Independent Director of Alltek Technology Corp.
Note 14: Due to an eight-year interruption in Vice Chairman Ted Hsu's tenure from 2008 to 2016, the average tenure of the Company's board members is 11.07 years. Note 15: The shareholdings stated in the table exclude trust shareholdings that are with the "rights to use" reserved.
Note 16: Chairman and General Manager or equivalent positions of the Company not served by the same individual, nor are they spouses or first-degree kinship to each other. Note 17: (*) Standards for the English transliteration of company's name or individual's name.
Education and training of directors
Title
Name
Date
Sponsor
Course Title
Hours
Chairman
Jonney Shih
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Title
Name
Date
Sponsor
Course Title
Hours
Vice Chairman
Ted Hsu
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Jonathan Tsang
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
S.Y. Hsu
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Samson Hu
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Eric Chen
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Joe Hsieh
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Jackie Hsu
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Oct 3, 2025
Securities and Futures Institute
2025 Insider Trading Prevention Seminar
3
Title
Name
Date
Sponsor
Course Title
Hours
Director
Sandy Wei
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Director
Tze-Kaing Yang
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Sep 24, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Challenges and Mindsets under the New Global Tax Order
3
Independent Director
Audrey Tseng
Apr 29, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Formulating Corporate Strategic Direction
3
Jul 30, 2025
Securities and Futures Institute
Global Economic Outlook and Corporate Risk Mitigation Strategies
3
Jul 31, 2025
Taiwan Stock Exchange Corporation
2025 Strengthening Taiwan's Capital Market Summit
3
Oct 27, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
ESG Investment Integrity: Driving Market Confidence and Enhancing Long-term Value
3
Oct 27, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Sustainability as Innovation: Trends in Corporate Sustainability and ESG Value Management
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Independent Director
Andy Guo
Oct 3, 2025
Securities and Futures Institute
2025 Insider Trading Prevention Seminar
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Independent Director
Lee-Feng, Chien
Apr 24, 2025
Taiwan Institute of Directors
Navigating Cross-Strait Political and Economic Risks Amid U.S.-China Great Power Rivalry
May 9, 2025
Industrial Technology Research Institute (ITRI) College
AI Security and Digital Trust
Title
Name
Date
Sponsor
Course Title
Hours
May 22, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Global Minimum Tax: An Introduction and Strategic Discussion
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Independent Director
Shyan- Yuan, Lee
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
Independent Director
Shuen-Zen, Liu
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic and Trade Policies and the Implications of Stablecoins
3
-
Directors' Professional Qualifications and Independent Directors' Independence Status
Criteria
Name
Professional Qualification and Experience (Note 1)
Independence Status (Note 2)
Total number of positions serving as Independent Director for the other Public
Companies
Jonney Shih
He has served as the chairman of ASUS since 1993, leading the Company's strong growth over 30 years of rapid changes and challenges in the industry. Under his leadership, ASUS has become the world's largest motherboard brand and a top-three consumer notebook computer brand. He possesses the necessary experience in industrial operations, technological research and
development and corporate business.
The employee of ASUS
0
Ted Hsu
Since the early days of ASUS, he has held various managerial positions within the Company, overseeing R&D, supply chain management and production processes, and is an all-round management talent. He has profound professional capabilities in research and development of both software and hardware. His keen observation and outstanding insights enable him to clarify the root cause and make the best judgment often at critical moments in complex situations and problems, further making ASUS a leading brand in Taiwan's IT industry. He possesses the necessary experience in industrial operations, technological research and
development and corporate business.
The employee of ASUS
0
Jonathan Tsang
He joined the ASUS management team in 1997 and retired at the end of 2024. He has always encouraged the team to begin with the end in mind and empathize with others and grasp the strategic turning points of the new generation IoT from the perspective of user scenario to commit to the development of forward-looking technologies in the fields of communication, cloud computing, smart home and smart city. He hopes that the Company can be a trend setter to open new opportunities during the era of paradigm
shift. He possess the necessary experience in industrial operations, marketing management and corporate business.
Not an employee of the Company or any of its subsidiaries
0
S.Y. Hsu
He joined ASUS in 1993 and led the team to develop the EeePC, which was hailed as a sustainability innovation by Harvard Business Review. He has prepared ahead for the benchmark of the people-oriented 'design thinking' and the R&D team under his leadership has thoroughly realized the ASUS culture based on consumer needs. In addition to pursuing innovation, he also values sustainable operations, and the team under his leadership has continuously strengthened green competitive advantages of products. He is currently focusing on the creation of new business models, and introducing startup creativity to build new ecosystems for the corporate group. He possesses the necessary experience in industrial operations, technological research and development and
corporate business.
The employee of ASUS
0
Samson Hu
Since joining ASUS in 2001, he has led the team to develop many product projects using 'design thinking', and introduced the concept of 'User-Centered' into the innovation process to provide an unparalleled user experience. The most significant breakthrough was the Transformer Pad, which opened the new trend of mobile computing with 2-in-1 computers. He also has
extended the concept of 'User-Centered' to the field of ASUS
The employee of ASUS
0
Criteria
Name
Professional Qualification and Experience (Note 1)
Independence Status (Note 2)
Total number of positions serving as Independent Director for the other Public
Companies
customer service, committed to bringing attentive services to consumers around the world. In recent years, he has also strengthened the Company's efforts in environmental, social and governance (ESG) related fields, such as joining RE100. He possesses the necessary experience in industrial operations,
technological research and development and corporate business.
Eric Chen
Since joining ASUS in 1994, he has accumulated extensive professional knowledge in brand development, marketing, global sales, new market planning and operations. He has successfully incorporated user and customer insights into the feedback loop which has helped ASUS become a global technology leader. He possesses the necessary experience in industrial operations, marketing management and corporate business.
The employee of ASUS
0
Joe Hsieh
Since joining ASUS in 1991, he has led the motherboard team to develop multiple product lines and actively developed new products such as the Republic of Gamers high-end series and AiO PCs, successfully taking ASUS to a global leadership position. He is now committed to providing integrated and innovative solutions for the new digital generation, integrating innovative services in the field of cloud computing, IoT and AI to the core of big data to develop remote medical care devices, medical voice assistance systems, healthcare wearable devices, elderly care and other smart Solutions. He possesses the necessary experience in industrial
operations, marketing management and corporate business.
The employee of ASUS
0
Jackie Hsu
Since joining 1996, he has led the continuous innovation of open platforms and AIoT business groups. During his tenure in major markets such as the United States and China, he applied his deep market insights and the ASUS 'User-Centered' business philosophy to create many dazzling achievements for the brand. He possesses the necessary experience in industrial operations,
marketing management and corporate business.
The employee of ASUS
0
Sandy Wei
Joined ASUS since its early days in business, and had served as the chief accountant and CFO, and promoted ASUS's plan in going public; also, had served as the head of sustainability of the Company, planning the blueprint for the Company's sustainable operation; the current CEO of ASUS Foundation, continuing the Company's focus on issues of corporate social responsibility. Possess the necessary experience in industry management,
financial accounting and corporate business.
The employee of ASUS
0
Tze-Kaing Yang
He holds a doctoral degree from the Department of Business Administration of National Chengchi University. He had served as the president of China Development Industrial Bank, a policy advisor of the Executive Yuan, executive secretary of the National Development Fund of Taiwan, Political Deputy Minister of the Ministry of Finance, acting chairman of the Bank of Taiwan and other key roles, specializing in the fields of finance and economics. He has taught at National Chengchi University and National Chiao Tung University. He possesses the necessary experience in industrial operations, finance and corporate
business.
Not an employee of the Company or any of its subsidiaries
0
Criteria
Name
Professional Qualification and Experience (Note 1)
Independence Status (Note 2)
Total number of positions serving as Independent Director for the other Public
Companies
Audrey Tseng
Serves as an Independent Director of the ASUS. She also serves as the Convener of the Audit Committee and the Sustainability Committee, and is a member of both the Remuneration Committee and the Business Continuity Management (BCM) Committee. Previously, she was the Deputy Managing Partner of PwC Taiwan and the Synergy Leader for PwC Greater China. With expertise in advising on organizational structure, management rights planning, capital structure planning, corporate governance, cross-border management mechanisms, operational management, tax management, and auditing and assurance services, she possesses extensive professional knowledge in auditing, accounting, and taxation, as well as the necessary experience in corporate
management and corporate governance.
Meets the independence criteria specified in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies two years before being elected and during the term of office.
3
Andy Guo
Serves as an Independent Director of ASUS. He also serves as the Convener of the Remuneration Committee and the Business Continuity Management (BCM) Committee, and is a member of both the Audit Committee and the Sustainability Committee. Previously, he served at the R&D Center of National Semiconductor. Currently, he/she is a Professor in the Department of Business Administration at National Taiwan University and the President of Chien Hsin University of Science and Technology. With expertise in strategic planning, corporate transformation, talent development programs, and new business development, he/she possesses extensive professional knowledge in industrial
management and finance, as well as the practical experience required for the Company's business operations.
Meets the independence criteria specified in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies two years before being elected and during the term of office.
0
Lee-Feng, Chien
Serves as an Independent Director of the ASUS and is a member of the Audit Committee, the Business Continuity Management (BCM) Committee, and the Sustainability Committee. With a profound background in information technology and exceptional leadership experience, he/she previously served as the Deputy Director of Academia Sinica, a Professor at National Taiwan University, and the Managing Director of Google Taiwan. Currently, he holds board positions at Appier, iKala, and the Junyi Academy Foundation. Actively engaged in the fields of AI, innovation, and entrepreneurship, he/she possesses cross-disciplinary integration capabilities, forward-looking strategic thinking, and the professional expertise and experience required
for the Company's business operations.
Meets the independence criteria specified in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies two years before being elected and during the term of office.
2
Shyan-Yuan, Lee
Serves as an Independent Director of the Company and is a member of the Audit Committee, the Business Continuity Management (BCM) Committee, and the Sustainability Committee. Currently a Professor in the Department of Finance at National Taiwan University, he specializes in fixed income, structured finance, and financial innovation. Previously, he served as a Commissioner of the Financial Supervisory Commission (FSC). With a profound background in academic research combined with extensive practical experience, he/she demonstrates exceptional insights into financial supervision, capital markets, and corporate governance, possessing the professional judgment, strategic planning capabilities, and
expertise required for the Company's business operations.
Meets the independence criteria specified in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies two years before being elected and during the term of office.
1
Criteria
Name
Professional Qualification and Experience (Note 1)
Independence Status (Note 2)
Total number of positions serving as Independent Director for the other Public
Companies
Shuen-Zen, Liu
Serves as an Independent Director of the Company and is a member of the Remuneration Committee, the Audit Committee, the Business Continuity Management (BCM) Committee, and the Sustainability Committee. Previously, he/she served as the Chair of the Department of Accounting at National Taiwan University and is currently the CEO of the School of Business and Management at Chang Gung University. Specializing in management accounting and strategic financial statement analysis, he has actively driven the digital transformation of accounting education by establishing programs in Business Intelligence (BI) and Data Analytics, and developing machine learning curricula to foster industry-academia collaboration. He possesses a profound background in academic research combined with strong practical integration capabilities and the expertise required for the
Company's business operations.
Meets the independence criteria specified in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies two years before being elected and during the term of office.
1
Note 1: None of the directors has been in any of the circumstances listed in Article 30 of the Company Act.
Note 2: None of the directors has been a governmental, juridical person or its representative as defined in Article 27 of the Company Act.
-
Board diversity and independence
Board Diversity Policy
In order to implement corporate governance and promote the sound development of the board composition structure, the Company's diversity policy is based on Article 20 of the Corporate Governance Best Practice Principles, which formulates that the composition of the board should take into consideration of diversity, and supports the Company's operations, business types and development needs. It should include and is not limited to the standards of the following two aspects:
Background and value: Gender, age, nationality, culture etc.
Knowledge and skills: Career background (e.g., law, accounting, industry, finance, marketing or technology), professional skill and industry experience.
Specific management goals and achievement
The board structure of our company should be determined based on the scale of business development and the shareholding situation of major shareholders, taking into account practical operational needs. Director nominations are made according to the provisions of the company's articles of association, adopting a candidate nomination system. Evaluation criteria include the educational and professional qualifications, professional background, integrity, or relevant professional qualifications of each candidate, while adhering to the principles of diversity and independence as stipulated in the "Director Election Regulations", "Procedures for Director Nomination" and "Corporate Governance Guidelines." After approval by the board of directors, the nominations are submitted to the shareholders' meeting for appointment.
The specific management objectives and achievement status are as follows:
Management objectives
Achievement status
The proportion of independent director seats reaches one-third of the total director seats
Achieved
The tenure of independent directors shall not exceed three terms
Achieved
At least one female director shall be included among the board members (Note)
Achieved
Diversity expertise and skills
Achieved
Note: The selection of the Company's board members is primarily based on candidates' professional background, expertise, independence, and alignment with the Company's strategic development needs. However, due to the characteristics of the technology industry, the board is currently male-dominated. Among the 15 current board members, 13 are male and 2 are female. As such, the current structure does not yet meet the target of having at least one-third of board seats held by either gender.
The Company fully recognizes the importance of board diversity in enhancing decision-making quality and promoting sustainable corporate development. In future board election nominations, the Company intends to ensure that the candidate list includes at least two female nominees. We are committed to gradually increasing the proportion of female directors and have set this as a long-term development goal to implement our board diversity policy.
The diversity of the board members
There are a total of 15 board members (including 5 independent directors; accounting for 33.3%), with 2 female directors (13.3%). All board members possess the necessary knowledge, skills, and qualities to execute their duties. The individual directors' professional backgrounds and skills include expertise in industry experience, technology research and development, marketing management, finance, accounting, taxation, and other professional fields, detailed as follows:
Diversification
Item
Director Name
Gender
Age
Concurrent positions as employees of the Company or subsidiaries
Service term of independe nt directors
Professional knowledge and skills
51-60
61-70
71-80
Industry Experience
Technology R&D
Marketing Management
Finance
Accounting Taxation
Jonney Shih
Male
V
V
V
V
Ted Hsu
Male
V
V
V
V
Jonathan Tsang
Male
V
V
V
S.Y. Hsu
Male
V
V
V
V
Samson Hu
Male
V
V
V
V
Eric Chen
Male
V
V
V
V
Joe Hsieh
Male
V
V
V
V
Jackie Hsu
Male
V
V
V
V
Sandy Wei
Female
V
V
V
V
Tze-Kaing Yang
Male
V
V
V
Audrey Tseng
Female
V
4 years
V
V
Diversification
Item
Director Name
Gender
Age
Concurrent positions as employees of the Company or subsidiaries
Service term of independe nt directors
Professional knowledge and skills
51-60
61-70
71-80
Industry Experience
Technology R&D
Marketing Management
Finance
Accounting Taxation
Andy Guo
Male
V
4 years
V
V
Lee-Feng, Chien
Male
V
1 years
V
V
Shyan- Yuan, Lee
Male
V
1 years
V
Shuen-Zen, Liu
Male
V
1 years
V
Proportions of each item
Male: 86.7%
Female
13.3%
13.3
%
73.4
%
13.3
%
Employee: 53.33%
Non-employee
46.67%
Not exceeding 3 terms
80.0%
33.3%
33.3%
20.0%
20.0%
(2) Independence of the board
Among the current 15 board seats, 5 are occupied by independent directors (33.3%); none of them have served more than 3 terms.
40% of directors concurrently serve as employees of the Company, 13.33% of them serve as employees of subsidiaries and 46.67% of them do not have employee status.
All board members do not have situations as defined in Article 26-3, paragraph 3 and 4 of the Securities Exchange Act.
-
State the name and shareholdings ratio of the directors and supervisors who are an institutional shareholder; also, the name and shareholding ratio of the top-ten shareholders: Not applicable, as all board members are individuals.
Information of the management
Title
Nationality
/ Country of Origin
Gender
Name
Date Elected
Base Date: March 31, 2026
Experience (Education)
Other Position
Managers who are Spouses or Within Two Degrees of Kinship
Shareholding
Spouse & Minor Shareholding
Shareholding by Nominee Arrangement
Shares
%
Shares
%
Shares
%
Title
Name
Relation
Chief Branding Officer
R.O.C.
Male
Jonney Shih
Apr 30, 1994
30,093,638
4.05
0
0
0
0
MBA of National Chiao Tung University
Business Division's President of ACER
Reference to Director Information
None
None
None
Chief Strategy Officer
R.O.C.
Male
Ted Hsu
May 1, 2016
7,346,683
0.99
1,950,924
0.26
0
0
EMBA, National Chiao Tung University Vice President of Pegatron
Reference to Director
Information
None
None
None
CO-Chief Executive Officer
R.O.C.
Male
S.Y. Hsu
Mar 10, 2008
107,019
0.01
8,233
0.00
0
0
EMBA of National Chengchi University/ EMBA, National Taiwan University / Fudan University
Engineer of Won-Chuan Co. Ltd.
Reference to Director Information
None
None
None
CO-Chief Executive Officer
R.O.C.
Male
Samson Hu
Sep 10, 2008
100,592
0.01
0
0
0
0
Institute of Computer Science, National Chiao Tung University/ EMBA of National Chengchi University
Junior V.P. of Acer
Reference to Director Information
None
None
None
Chief Operating Officer
R.O.C.
Male
Joe Hsieh
Mar 10, 2008
5,000
0.00
805
0.00
0
0
Computer Engineering, Boston University EMBA of National Taiwan University
Engineer of ASUS (USA)
Reference
to Director Information
None
None
None
Senior Corporate Vice President
R.O.C.
Male
Paul Ju
Jul 3, 2023
0
0.00
200
0.00
0
0
Master of Computer Science at the Polytechnic School of Engineering, New York University
Senior Vice President of Dell Computers
Global and General Manager of Data Centers for Greater China Region
None
None
None
None
Corporate Vice President
R.O.C.
Male
Henry Yeh
Sep 10, 2008
48,781
0.01
245
0.00
0
0
Department of Electrical Engineering, National Taiwan University
V.P. of TwinHead
Note 1
None
None
None
Corporate Vice President
R.O.C.
Male
Albert Chang
Nov 1, 2019
15,000
0.00
0
0.00
0
0
Ph. D of Electrical Engineering, National Taiwan University
Motherboard Business Unit Product R&D Center AVP, ASUS
None 2
None
None
None
Corporate Vice President
R.O.C.
Male
Tenlong Deng
Nov 1, 2019
182
0.00
0
0.00
0
0
Master of Communications Engineering,
National Chiao Tung University
Senior manager, the Industrial Technology Research Institute
None
None
None
None
Corporate Vice President
R.O.C.
Male
Chih-Peng, Wu (Note)
Nov 1, 2019
47,306
0.01
0
0.00
0
0
Department of Electronic Engineering,
Chun Yuan Christian University Multimedia Business Unit AVP, ASUS
Note 3
None
None
None
Title
Nationality
/ Country of Origin
Gender
Name
Date Elected
Base Date: March 31, 2026
Experience (Education)
Other Position
Managers who are Spouses or Within Two Degrees of Kinship
Shareholding
Spouse & Minor Shareholding
Shareholding by Nominee Arrangement
Shares
%
Shares
%
Shares
%
Title
Name
Relation
Corporate Vice President
R.O.C.
Male
Kent Chien
Nov 1, 2019
745
0.00
0
0.00
0
0
Master of Business Administration, National Cheng Kung University Project manager of China Productivity
Center
Note 4
None
None
None
Corporate Vice President
R.O.C.
Male
Vincent Chiou
Nov 1, 2019
126
0.00
0
0.00
0
0
Institute of Computer Science, National Chiao Tung University
Display Business Unit AVP
None
None
None
None
Corporate Vice
President
R.O.C.
Male
Benson Lin
Mar 3, 2021
4,039
0.00
0
0.00
0
0
EMBA, National Chiao Tung University Corporate Vice President of CC BU, ASUS
None 5
None
None
None
Corporate Vice President
R.O.C.
Male
Allen Wang
Mar 13, 2023
0
0.00
0
0.00
0
0
Master of Science in Computer Engineering, National Chiao Tung University
Director of Research and Development at Lenovo (Beijing) Information Technology
Co., Ltd.
None
None
None
None
Corporate Vice President
R.O.C.
Male
Rangoon Chang
Jul 1, 2023
0
0.00
0
0.00
0
0
Institute of Control Engineering at National Chiao Tung University
Senior Engineer at Micro-Star Technology
None 6
None
None
None
Corporate Vice President
R.O.C.
Male
Taiyi Huang (Note)
Oct 15, 2018
0
0.00
0
0.00
0
0
Ph. D of Department of Information Science (and Engineering),
University of Illinois at Urbana-Champaign Microsoft Principal Group Engineer Manager
None
None
None
None
Chief Financial Officer
R.O.C.
Male
Nick Wu
Aug 11, 2015
457
0.00
161
0.00
0
0
MBA, Vanderbilt University
The Deputy Manager of China Development Industrial Bank
Note 7
None
None
None
Comptroller
R.O.C.
Female
Winnie Liu (Note)
Aug 11, 2015
649
0.00
0
0
0
0
Institute of Accounting, Soochow University
Audit Director of TAIWAN MOBILE
Note 8
None
None
None
Corporate Governance Officer
R.O.C.
Female
Francy Jeng
Nov 11, 2020
38,000
0.01
0
0
0
0
Department of Accounting and Statistics, Takming University
Division Director of Stock Affairs Office, ASUS
None
None
None
None
Note 1: Director of Power eXponent, Ltd and ASUS LIFE CORPORATION.
Note 2: The Chairman of SHINEWAVE INTERNATIONAL INC. Director of PORTWELL INC, UPI Semiconductor Corp. and LELTEK. Note 3: Chairman of Quantum Could International Pte. Ltd. Director of UNIMAX ELECTRONICS INC.
Note 4: Chairman of the following companies: UNIMAX ELECTRONICS INC. and SHINYOPTICS CORP.
Director of ASUS METAVERSE INC.
Note 5: Director of the following companies: TAIWAN AI CLOUD CORPORATION and Freedom Systems Inc. Note 6: Executive director of JINSHUO CULTURAL DIFFUSION CO., LTD.
Note 7: Director of the following companies: UPI Semiconductor Corp., Excelliance MOS Corp., ASUSTOR Inc., ASUS PROPERTIES (VIETNAM) LTD, DATASUS COMPUTER INC., ASUS TECH USA and DATASUS COMPUTER AMERICA.
Supervisor of the following companies: Hua-Min Investment Co., Ltd., Hua-Cheng Venture Capital Corp., LELTEK, TAIWAN AI CLOUD CORPORATION and UNIMAX ELECTRONICS INC., ASUS CLOUD, ASUS TECHNOLOGY LICENSING and Taiwan Bio-Information & Technology Inc.
Note 8: Independent Director of ASRock Industrial.
Note 9: Vice President of Global Sales, Taiyi Huang, resigned on June 30；2025. Chih-Peng Wu, Vice President of Global Sales, stepped down on August 1, 2025, due to his transition to a professional technical track；Winnie Liu, Chief Accounting Officer, vacated her position on August 13, 2025.
Note 10: The shareholdings stated in the table exclude trust shareholdings that are with the "rights to use" reserved.
Note 11: The Company did not have stock option issued up to the date of the annual report issued; therefore, the Company's management did not have stock option shares. Note 12: Chairman and General Manager or equivalent positions of the Company not served by the same individual, nor are they spouses or first-degree kinship to each other.
Education and training of the managementTitle
Name
Training Date
Sponsor
Course Title
Hour
Start
End
Chief Financial Officer
Nick Wu
Jul 23, 2025
Jul 23, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for Global Tax Reform and Supply Chain Restructuring
3
Nov 11, 2025
Nov 11, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
U.S. Economic Policy and the Impact of Stablecoins
3
Nov 13, 2025
Nov 14, 2025
ACCOUNTING RESEARCH AND DEVELOPMENT FUNDATION
Continuing Education Program for Accounting Officers of Issuers, Securities Firms, and Stock Exchanges
12
Corporate Governance Officer
Francy Jeng
Mar 26, 2025
Mar 26, 2025
TAIWAN CORPORATE GOVERNANCE ASSOCIATION
Forging a New Path for Sustainability Seminar
2
Jul 23, 2025
Jul 23, 2025
TAIWAN CORPORATE
GOVERNANCE ASSOCIATION
Trump 2.0: Corporate Risk Mitigation Strategies for
Global Tax Reform and Supply Chain Restructuring
3
Sep 11, 2025
Sep 11, 2025
TAIWAN CORPORATE
GOVERNANCE ASSOCIATION
Corporate Governance and Securities Regulations
3
Oct 3, 2025
Oct 3, 2025
ACCOUNTING RESEARCH AND
DEVELOPMENT FUNDATION
2025 Insider Trading Prevention Seminar
3
Nov 11, 2025
Nov 11, 2025
TAIWAN CORPORATE
GOVERNANCE ASSOCIATION
U.S. Economic Policy and the Impact of Stablecoins
3
Dec 10, 2025
Dec 10, 2025
Taiwan Corporate Governance
Professional Association
2025 Corporate Governance Forum: Corporate
Governance in a Changing Landscape
3
Note: For education and training of managers who are also directors, refer to the "Education and Training of the Directors" on this annual report.
Remuneration of Directors, Supervisors, President, and Vice President
Remuneration of Directors
Title
Name
Director's Remuneration
Ratio of Total Remuneration (A+B+C+D) to
Net Income (%)
Remuneration of part-time employees
Ratio of Total Remuneration (A+B+C+D+E+F+G)
to Net Income (%)
Remuneration Paid to Supervisors from an Invested Company Other than the Company's Subsidiary
Base Remuneration (A)
Severance Pay
(B) (Note 1)
Remuneration to Directors
(C)
Allowances
(D)
Salary, Bonuses, and Allowances (E)
Severance Pay (F)
(Note 2)
Remuneration to Employee (G)
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
ASUS
Companies in the financial statements
Cash amount
Stock amount
Cash amount
Stock amount
Chairman
Jonney Shih
0
0
0
0
118,275
thousand
118,275
thousand
0
0
0.27%
0.27%
144,015
thousand
227,471
thousand
540
thousand
756
thousand
24,858
thousand
0
34,019
thousand
0
287,688
thousand 0.65%
380,522
thousand 0.85%
16,380
thousand
Vice Chairman
Ted Hsu
Director
Jonathan Tsang
Director
S.Y. Hsu
Director
Samson Hu
Director
Eric Chen
Director
Joe Hsieh
Director
Jackie Hsu
Director
Jerry Shen
Director
Sandy Wei
Director
Tze-Kaing
Yang
Independent Director
Audrey
Tseng
Independent Director
Andy Guo
Independent Director
Lee-Feng,
Chien
Independent Director
Shyan-
Yuan, Lee
2,809
thousand
2,809
thousand
0
0
33,500
thousand
33,500
thousand
0
0
0.08%
0.08%
0
0
0
0
0
0
0
0
36,309
thousand
0.08%
36,309
thousand
0.08%
None
Independent Director
Shuen-Zen,
Liu
Independent Director
Chung-Hou
Tai
Independent Director
Ming-Yu
Lee
Independent Director
Chun-An
Sheu
Note: The terms of Independent Directors Chung-Ho Tai, Ming-Yu Lee, and Chun-An Sheu expired on May 28, 2025. On the same day, Lee-Feng Chien, Shyan- Yuan, Lee, and Shuen-Zen, Liu were newly elected as Independent Directors.
Please describe the policy, system, standards, and structure of remuneration for independent directors, and explain the correlation between the amount of remuneration and factors such as their responsibilities, risks, and time commitment:
According to Article 20 of the Company's Articles of Incorporation, if the Company has earnings, no more than 1% of the profit may be allocated as directors' remuneration. Independent directors, except those concurrently serving as members of the Compensation Committee who receive fixed remuneration, are also entitled to participate in the distribution of directors' remuneration. The Company determines reasonable remuneration by evaluating the degree of involvement and contribution of each director to the Company's operations, with reference to common industry standards. All related remuneration is reviewed and approved by the Compensation Committee and the Board of Directors.
Further to disclosure in table above, the remuneration received by company directors over recent years for services provided to all companies in the financial report (e.g. serving as non-employed consultant): None.
Remuneration Bracket
Range of Remuneration
Name of Directors
Total of (A+B+C+D)
Total of (A+B+C+D+E+F+G)
The Company
Companies in the consolidated financial statements (H)
The Company
The Company and all reinvestment companies (I)
Below 2,000,000
1,000,000(included)～2,000,000(not included)
2,000,000(included)～3,500,000(not included)
Chung-Hou Tai, Ming-Yu Lee, Chun-An Sheu
Chung-Hou Tai, Ming-Yu Lee, Chun-An Sheu
Chung-Hou Tai, Ming-Yu Lee, Chun-An Sheu
Chung-Hou Tai, Ming-Yu Lee, Chun-An Sheu
3,500,000(included)～5,000,000(not included)
Lee-Feng, Chien, Shyan- Yuan, Lee
Lee-Feng, Chien, Shyan- Yuan, Lee
Lee-Feng, Chien, Shyan- Yuan,
Lee
Lee-Feng, Chien, Shyan- Yuan,
Lee
5,000,000(included)～10,000,000(not included)
Tze-Kaing Yang, Andrey Tseng, Andy Guo, Shuen-Zen, Liu
Tze-Kaing Yang, Andrey Tseng, Andy Guo, Shuen-Zen, Liu
Tze-Kaing Yang, Andrey Tseng, Andy Guo, Shuen-Zen, Liu
Andrey Tseng, Andy Guo, Shuen-Zen, Liu
10,000,000(included)～15,000,000(not included)
Jonathan Tsang, S.Y. Hsu, Samson Hu, Joe Hsieh,
Eric Chen, Jackie Hsu, Sandy Wei
Jonathan Tsang, S.Y. Hsu, Samson Hu, Joe Hsieh,
Eric Chen, Jackie Hsu, Sandy Wei
Jonathan Tsang, Eric Chen, Jackie Hsu
Jonathan Tsang, Tze-Kaing Yang
15,000,000(included)～30,000,000(not included)
Jonney Shih, Ted Hsu
Jonney Shih, Ted Hsu
Sandy Wei
Sandy Wei
30,000,000(included)～50,000,000(not included)
Jonney Shih, Ted Hsu, Joe Hsieh
Jonney Shih, Ted Hsu, Joe Hsieh, Eric Chen
50,000,000(included)～100,000,000(not included)
S.Y. Hsu, Samson Hu
S.Y. Hsu, Samson Hu, Jackie Hsu
Over 100,000,000
Note 1: No actual payout for pension funds for that year. It is a provision for pension.
Note 2: The content of remuneration disclosed in this table is different from the income defined by Income Tax Law; therefore, this table is used for the purpose of disclosure instead of tax levy.
Remuneration of President and Vice President
Title
Name
Salary (A)
Severance Pay (B) (Note 1)
Bonuses and Allowances (C)
Remuneration to Employee (D)
Ratio of total remuneration (A+B+C+D) to net
income (%)
Remuneration Paid to Supervisors from an Invested Company Other than the Company's Subsidiary
The Company
Companies in the financial statements
The Company
Companies in the financial statements
The Company
Companies in the financial statements
The Company
Companies in the
financial statements
The Company
Companies in the financial statements
Cash amount
Stock amount
Cash amount
Stock amount
Chief Branding Officer
Jonney Shih
63,592
thousand
63,592
thousand
1,512
thousand
1,512
thousand
265,088
thousand
265,088
thousand
42,837
thousand
0
42,837
thousand
0
373,029
thousand 0.84%
373,029
thousand 0.84%
8,190
thousand
Chief Strategy Officer
Ted Hsu
CO-Chief Executive Officer
S.Y. Hsu
CO-Chief Executive Officer
Samson Hu
Chief Operating Officer
Joe Hsieh
Senior Corporate V.P.
Paul Ju
Corporate V.P.
Henry Yeh
Corporate V.P.
Albert Chang
Corporate V.P.
Tenlong Deng
Corporate V.P.
Chih-Peng Wu
Corporate V.P.
Kent Chien
Corporate V.P.
Vincent Chiou
Corporate V.P.
Benson Lin
Corporate V.P.
Allen Wang
Corporate V.P.
Rangoon Chang
Corporate V.P.
Taiyi Huang
Note: Taiyi Huang resigned from his position as Vice President of Global Sales on June 30, 2025. Additionally, Chih-Peng Wu vacated his role as Vice President of Global Sales on August 1, 2025, to transition into a specialized professional position within the company.
Remuneration Bracket
Range of Remuneration
Name of President and Vice President
The Company
The Company and all reinvestment companies (E)
Below 2,000,000
Taiyi Huang
Taiyi Huang
1,000,000(included)～2,000,000(not included)
2,000,000(included)～3,500,000(not included)
3,500,000(included)～5,000,000(not included)
Henry Yeh
Henry Yeh
5,000,000(included)～10,000,000(not included)
10,000,000(included)～15,000,000(not included)
Tenlong Deng
Tenlong Deng
15,000,000(included)～30,000,000(not included)
Jonney Shih, Ted Hsu, Albert Chang, Chih-Peng Wu, Kent Chien, Vincent Chiou, Benson Lin, Rangoon Chang
Jonney Shih, Ted Hsu, Albert Chang, Chih-Peng Wu, Kent Chien, Vincent Chiou, Benson Lin, Rangoon Chang
30,000,000(included)～50,000,000(not included)
S.Y. Hsu, Samson Hu, Joe Hsieh, Paul Ju, Allen Wang
50,000,000(included)～100,000,000(not included)
S.Y. Hsu, Samson Hu
Over 100,000,000
Note 1: No actual payout for pension funds for that year. It is a provision for pension.
Note 2: The content of remuneration disclosed in this table is different from the income defined by Income Tax Law; therefore, this table is used for the purpose of disclosure instead of tax levy.
Names of managers receiving remuneration to employees, and status of allocation thereof
Title
Name
Stock Amount
Cash Amount (Estimated amount)
Total
Ratio of Total Amount to Net Income (%)
Managers
Chief Branding Officer
Jonney Shih
0
46,390 thousand
46,390 thousand
0.1%
Chief Strategy Officer
Ted Hsu
CO-Chief Executive Officer
S.Y. Hsu
CO-Chief Executive Officer
Samson Hu
Chief Operating Officer
Joe Hsieh
Senior Corporate V.P.
Paul Ju
Corporate V.P.
Henry Yeh
Corporate V.P.
Albert Chang
Corporate V.P.
Tenlong Deng
Corporate V.P.
Chih-Peng Wu
Title
Name
Stock Amount
Cash Amount (Estimated amount)
Total
Ratio of Total Amount to Net Income (%)
Corporate V.P.
Kent Chien
Corporate V.P.
Vincent Chiou
Corporate V.P.
Benson Lin
Corporate V.P.
Allen Wang
Corporate V.P.
Rangoon Chang
Corporate V.P.
Taiyi Huang
Chief Financial Officer
Nick Wu
Comptroller
Winnie Liu
Corporate Governance
Officer
Francy Jan
Note: Taiyi Huang resigned from his position as Vice President of Global Sales on June 30, 2025. Subsequently, Chih-Peng Wu concluded his tenure as Vice President of Global Sales on August 1, 2025, to transition into a specialized professional track. Additionally, the Chief Accounting Officer, Winnie Liu, stepped down from her role on August 13, 2025.
Compare and state the ratio of total remuneration paid to the Company's Directors, President and V.P. by the Company and the companies in the consolidated financial statements to net income in the last two years; also, describe the policy, standard, and combination of remuneration paid; moreover, the procedure of defining remuneration and its relation to business performance and future risks.
Analyze the ratio of the total remuneration paid to the Company's Directors, President, and V.P. in the last two years to net income:
Year (Note)
Total remuneration
Ratio of the net profit after tax
2025
537,424 thousand
1.21％
2024
457,835 thousand
1.46％
Note: It meant for the year of the income generated.
The remuneration policies, standards and packages, the procedures for determining remuneration and their relationship to the Company's operating performance
Pay to directors: Subject to the provisions of Article 17 of the Articles of Incorporation, "The Company provides pays to directors for performing their duties for business of the Company, whether the Company is operating at a profit or at a loss. Directors' pay is authorized at board meetings based on their level of participation in and contribution to the Company's operation." If the Company is profitable for the year, according to
Article 20 of the Company's Articles of Incorporation, "The Company's annual profit shall be retained in advance to make up for the previous accumulated loss, and no more than 1% of the balance shall be allocated as the bonuses to directors." The actual percentage of 2025 allocation was 0.3%.
Remuneration to managerial officers is subject to the provisions of Article 18 of the Articles of Incorporation, "The Company has managerial officers whose appointment, dismissal and remuneration shall in accordance with Article 29 of the Company Act, and the pay standard shall be subject to the Company's rules on personnel management measures." If the Company is profitable for the year, according to Article 20 of the Company's Articles of Incorporation, "The Company's annual profit shall be retained in advance to make up for the previous accumulated loss, and no less than 1% of the balance shall be allocated as the employee remuneration." The actual percentage of 2025 allocation was 5.7%. Managerial officers' salary and remuneration include monthly salary and allowances, bonuses for three national festivals and holidays, annual performance bonus, and other rewards based on the profitability of the year. The evaluation criteria for each manager's remuneration include the standard of salary and benefits paid by industry peers, the Company's business performance for the year, the profit contribution of each business group, and the target achievement rate.
Procedures for determining remuneration
The Company conducts regular performance appraisal of the board and each functional committee every year in accordance with the Board Performance Appraisal Measures. The results are reported at the board meeting as reference for review and improvement, and used as the basis for nomination or salary and remuneration of directors. Directors' remuneration is determined based on the directors' participation in the Company's operations and the results of their performance evaluation. Managerial officers' salary is determined based on the job responsibilities, position level and professional capabilities specified in the Company's remuneration rules, and with reference to the salary standard among industry peers. Managerial officers' bonuses follow the Company's rules on bonus payment, and are assessed and reviewed according to the Company's overall operating performance, the management performance, profit contribution and goal achievements of each segment and personal performance. The abovementioned results are compiled to calculate a reasonable remuneration for each managerial officer. The Company's human resources center then submits the remuneration proposal to the Remuneration Committee for deliberation and then to the board for approval.
Relationship to the Company's operating performance and future risks
The review of the pay standard and systems related to the remuneration policy is based on the Company's overall business performance, future risks and development trends of the industry, and corporate sustainable management, as well as the goal achievement rate and contribution, which
can improve the overall organizational effectiveness of the board and the Company. We refer to the salary standard among industry peers to ensure that the salary for the Company's management team is competitive, so as to retain outstanding management talents.
The performance goals of our managerial officers are tied to risk control to ensure that possible risks within the scope of duties can be managed and prevented. Key decisions at the management level are made only after weighing various risk factors, and the performance of related risk control is reflected in the profitability, which establishes a relationship.
Our Remuneration Committee also regularly reviews and assesses the remuneration practices of directors and managerial officers, and proposes related recommendations to the board for deliberation in order to maintain the balance between operating performance and risk management.
- Corporate governance Implementation
(I) Board of Directors
In 2025, the 13th Board of Directors held 3 meetings, and the 14th Board of Directors held 4 meetings, for a total of 7 meetings (A). The following is the attendance of the directors:
Title | Name | Attendance in Person (B) | By Proxy | Attendance Rate (%) (B/A) | Remarks |
Chairman | Jonney Shih | 7 | 0 | 100 | Re-elected |
Vice Chairman | Ted Hsu | 7 | 0 | 100 | Re-elected |
Director | Jonathan Tsang | 7 | 0 | 100 | Re-elected |
Director | S.Y. Hsu | 6 | 0 | 85.71 | Re-elected |
Director | Samson Hu | 7 | 0 | 100 | Re-elected |
Director | Eric Chen | 7 | 0 | 100 | Re-elected |
Director | Joe Hsieh | 7 | 0 | 100 | Re-elected |
Director | Jackie Hsu | 7 | 0 | 100 | Re-elected |
Director | Sandy Wei | 7 | 0 | 100 | Re-elected |
Director | Tze-Kaing Yang | 6 | 0 | 85.71 | Re-elected |
Independent Director | Chung-Hou Tai | 3 | 0 | 100 | The term of the 13th Board expired. |
Independent Director | Ming-Yu Lee | 3 | 0 | 100 | The term of the 13th Board expired. |
Independent Director | Chun-An Sheu | 3 | 0 | 100 | The term of the 13th Board expired. |
Independent Director | Audrey Tseng | 7 | 0 | 100 | Re-election |
Independent Director | Andy Guo | 7 | 0 | 100 | Re-election |
Independent Director | Lee-Feng Chien | 3 | 0 | 75 | The Newly Elected 14th Board of Directors |
Independent Director | Shyan-Yuan Lee | 4 | 0 | 100 | The Newly Elected 14th Board of Directors |
Independent Director | Shuen-Zen Liu | 4 | 0 | 100 | The Newly Elected 14th Board of Directors |
Other mentionable items:
If any of the following circumstances happens in the operation of the Board of Directors, it shall describe the date, term, agenda, opinion of independent directors and the Company's treatment of these opinions:
The provision of the Securities and Exchange Act, Article 14-3:
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