Chairman of the Far Eastern Group. He has been serving as a Director since 1995. He is also the Chairman of Far Eastern Textile Limited (“FET”) (which has an interest in the share capital of the Company) and the chairman of each of the boards of Far Eastern Department Stores Ltd., Oriental Union Chemical Corporation, Far EasTone Telecommunications Ltd., Far Eastern International Bank, U-Ming Marine Transport Corp. and Asia Cement Corporation. Mr. Hsu is also a director of Everest Textile Co., Ltd (“Everest Textile”) (which has an interest in the share capital of the Company). He joined the Far Eastern Group in 1971 and served as the Executive Vice President of the apparel division of FET and the President of FET from 1979 to 1994. He has more than 33 years of experience in managing different areas of business of the Far Eastern Group. Mr. Hsu received a Bachelor’s and Master’s Degree in economics at the University of Notre Dame and pursued post-graduate studies in economics at Columbia University in the United States. Mr. Hsu also has a honorary Doctor's Degree in management granted by the National Chiao Tung University in Taiwan. Mr. Hsu is a brotherin- law of Mr. Jar-Yi Shih. Hsu has carried on the tradition of his grandfather, Yu-Ziang Hsu, who founded the Far Eastern Knitting Factory in Shanghai in 1942 and sold his Skyscraper brand underwear all over the world. Upon returning to Taiwan from the U.S., where Hsu earned a B.A. and M.A. from the University of Notre Dame (and is still active as a Trustee) and worked at Citibank in New York, he began his ascendancy in Far Eastern. A highly diversified conglomerate—but retaining its strength in textiles—Far Eastern now incorporates such companies as Far Eastern Textile, and Far Eastern Department Stores,