Flat Glass Group Co., Ltd. has established a Strategic Development Committee under its Board of Directors to enhance overall competitiveness and improve decision-making for major investment initiatives. The Committee’s guidelines were formulated in accordance with relevant laws, regulations, and the Articles of Association.

The Committee is composed of three Directors, including at least one independent non-executive Director. Its designated chair is the Chairman of the Board. Members are appointed by the Board for a term coinciding with the Board’s tenure, with reappointment possible. An investment review panel—headed by the Company’s President, supported by a deputy head who is a deputy general manager in charge of project management, and members from the Project, Financial, and Production Technology Departments—undertakes preliminary assessments of major proposals.

The Committee is tasked with reviewing and recommending long-term strategic plans, significant investment financing programs, business strategies, and capital operations requiring Board approval. It also reviews implementation outcomes to ensure alignment with established objectives. Meetings are held at least once per year, with decisions made by a majority vote.

The Company underscores adherence to confidentiality, requires documentation of meeting proceedings, and retains these records for at least ten years. Any resolution by the Board that does not fully adopt the Committee’s recommendations must specify the Committee’s view and the reasons for deviation. This allocation of responsibilities and procedural rules seeks to strengthen governance, reinforce scientific decision-making, and protect shareholder interests.