Mega Financial Holding and Mega Bank Elect Liao Tsan-chang as Chairman; Lin Shih-lang as President of Mega Financial Holding

(Taiwan Business News) On June 23, Mega Financial Holding and Mega Bank convened an extraordinary board meeting, electing Liao Tsan-chang as Chairman of Mega Financial Holding and Mega Bank, and approving the appointment of Lin Shih-lang as President of Mega Financial Holding. After the meeting, a handover ceremony for the outgoing and incoming chairmen and presidents was held in the grand auditorium on the 11th floor of Mega Bank's head office.

Liao Tsan-chang stated that under the outstanding leadership of Chairman Shen and President Yu, Mega Financial Holding Group's operating performance has been evident to all. On one hand, it has accelerated its overseas expansion and increased the proportion of overseas income; on the other hand, it has continued to raise its capital adequacy ratio, strengthen its risk-bearing capacity and solidify its operating foundation.

Liao Tsan-chang set out eight major operating directions: strengthening capital planning and management; raising output rates; integrating the group's service resources and enhancing synergies; strengthening international expansion and raising the proportion of overseas income; strengthening talent cultivation and training; reinforcing information systems, integrating various facilities and responding to the trend of international financial digitalization; implementing internal controls and legal compliance and strengthening risk management; and strengthening corporate governance and fulfilling corporate social responsibility. He expressed the hope that Mega Bank could create differentiated excellence among the 16 financial holding companies, enhance profitability, and create a multi-win framework for shareholders, employees, customers, the group and society, jointly opening a golden era for Mega Bank.

Lin Shih-lang stated that Mega Financial Holding was established on December 1, 2011, making it the youngest financial holding company in the country. Its business footprint spans banking, securities, insurance, bills finance, asset management, securities investment trust and other fields, providing customers with complete and diversified financial services.