Article 228 Supervisors shall be elected and removed by the shareholders’ general meeting with a term of office of three years. Supervisors (including by-elected supervisors) shall have a term commencing on the date of the resolution of the shareholders’ general meeting or the staff and workers representative meeting and expiring upon conclusion of the tenure of the supervisory committee. Upon expiry of his term, a supervisor shall be eligible for re-election.

Article 229 Supervisors shall carry out their duties honestly and faithfully in accordance with laws, administrative regulations and   Articles of Association. Supervisors shall not abuse their authority of office to obtain bribes or other illegal income and not to misappropriate the property of the Company.

Article 230 Where no re-election is made in time upon expiry of the term of a supervisor, or any supervisors resigns resulting in the number of members of the supervisory committee below the statutory number, the original supervisor shall, prior to a new supervisor entering on the office, continue to perform his duties as a supervisor in accordance with laws, administrative regulations and Articles of Association.

Article 231 Supervisors shall ensure that the information disclosed by the Company is true, accurate and complete.

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Article 232 Supervisors shall attend as nonvoting members meetings of the Board of Directors and have the right to inquire or put forward suggestions on resolutions of the Board of Directors.

Article 233 Supervisors shall not exploit their Connected Relationship with the Company to harm the interests of the Company. If they have violated such provision and caused damage to the company, they are liable for compensation.

Article 183 of   Article of Association in relation to the eligibility of the directors also applies to supervisors.

Article 234 Directors, president and other senior administrative officers of the Company shall not act concurrently as supervisors.

Article 235 Where a supervisor violates any laws, administrative regulations, departmental rules or the provisions of   Articles of Association in the course of performing his duties and causes loss to the Company, such supervisor shall be liable for compensation.

CHAPTER 15 QUALIFICATIONS AND DUTIES OF THE DIRECTORS, SUPERVISORS, PRESIDENT AND OTHER SENIOR ADMINISTRATIVE OFFICERS OF THE COMPANY

Article 236 A person may not serve as a director, supervisor, president and other senior administrative officers of the Company if any of the circumstances of Article 183 in Articles of Association applies.

Article 237 The validity of an act of a director, president or other senior administrative officer on behalf of the Company is not, vis-a-vis a bona fide third party, affected by any irregularity in his office, election or any defect in his qualification.

Article 238 In addition to the obligations imposed by laws, administrative regulations or required by the listing rules of the stock exchange on which shares of the Company are listed, each of the Company’s directors, supervisors, president and other senior administrative officers owes a duty to each shareholder, in the exercise of the functions and powers of the Company entrusted to him:

(1) Not to cause the Company to exceed the scope of business stipulated in its business license;

(2) To act honestly in the best interests of the Company;

(3) Not to expropriate in any guise the Company’s property, including but not limited to usurpation of opportunities advantageous to the Company;

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(4) Not to expropriate the individual rights of shareholders, including but not limited to rights to distribution and voting rights, save pursuant to a restructuring of the Company submitted to shareholders for approval in accordance with   Articles of Association.
　
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