Regulations Governing Management of Insurance Guaranty Funds Article 17

Meetings of the board of directors shall be convened by the chairman and held once every month. And the special meetings may be called whenever necessary.Directors shall attend aforementioned meetings in person. In any circumstance that that a director is unable to attend in person, the director may entrust another director with the power, which clearly indicated the scope of authorization, to attend on his/her behalf. However, each director may only deputize for one director and the number of directors act as proxies may not exceed one third of the total number of directors.Upon a written request setting forth the meeting purpose and convention reasons from one-third or more of the current directors to convene the board meeting, the chairman shall convene the board meeting within 10 days after receiving such request. If the chairman of board of directors does not give notice to convene the board meeting within the specified time period, the requesting directors may report to the competent authority and convene the meeting upon obtaining the approval.