Tina Y. Lo re-elected as O-Bank Chairperson

(中央社訊息服務20230617 09:40:47)O-Bank Co., Ltd. (stock symbol: 2897) today (16 June) held its 2023 regular Shareholders Meeting, at which shareholders approved the 2022 earnings distribution proposal and elected the members of O-Bank's 9th Board of Directors. In the afternoon, the Board of Directors and the Executive Board met and re-elected Tina Y. Lo as O-Bank Chairperson.

O-Bank held its 2023 annual Shareholders Meeting this morning, at which shareholders approved a cash dividend of NT$0.425 per class A preferred share and NT$0.38 per common share, and elected 12 members to O-Bank's 9th Board of Directors. These 12 members are: Tina Y. Lo; Kenneth C.M. Lo and Chih-Ming Chien (representing Ming Shan Investment Co.); Bill K.C. Lin (representing Tai Hsuan Investment Co.); Mark J.C. Lee; George C.J. Cheng (representing Abag Investment Holdings Co.); Alex J.J. Chen (representing Tai Ya Investment Co.); Grace W.S. Tang (representing Yi Chang Investment Co.); and independent directors Fu-Hsiung Hu, Hank H.K. Lin, Tina W.N. Chiang, and Jennifer C.F. Wang.

Then in the afternoon, the O-Bank Board of Directors met and elected the following four Managing Directors: Tina Y. Lo; Kenneth C.M. Lo (representing Ming Shan Investment Co.); Bill K.C. Lin (representing Tai Hsuan Investment Co.); and independent director Fu-Hsiung Hu. The Executive Board then met, re-electing Tina Y. Lo as the O-Bank Chairperson.

Since Ms. Lo took over as Chairperson in 2020, O-Bank's operating performance has steadily grown stronger. Profitability performances hit a record high in 2022, with standalone net profit after tax of NT$5 billion, EPS of NT$1.80, and ROE of 13.59%. The O-Bank Executive Board stated that the Bank in recent years under Chairperson Lo's leadership has seen its operating performance grow continuously better, and in the future Ms. Lo will continue relying on her professional experience and leadership ability to lead the Bank to even more impressive achievements.

Miss Lo stated: "Thanks to a unified effort by all members of management and staff, O-Bank's business performance has improved each year, and our ESG performance has also been outstanding. Moving forward, I will continue doing everything in my power to keep O-Bank moving always forward, always seeking excellence, and always providing customers with the best possible experience. We will continue working together with all stakeholders — including shareholders, customers, and employees — to create win-win outcomes for everyone, in a society where we all enjoy a shared prosperity and well-being.