E.Sun Financial Holding Completes Board Election; San Shang Life's Hsu Ching-hsin Elected as New Director

(Central News Agency, Taipei, June 12) E.Sun Financial Holding held its annual shareholders' meeting today and completed the election of directors. San Shang Life Insurance Vice Chairman Hsu Ching-hsin was officially elected to the board. E.Sun Financial Holding stated that Hsu, with her expertise in law and insurance, will play a pivotal role in legal compliance, risk management, and business coordination for the upcoming life insurance subsidiary.

Earlier this year, E.Sun Financial Holding approved the agreed acquisition of San Shang Life Insurance, completing its life insurance business segment. E.Sun stated that the addition of the life insurance company will strengthen the financial holding company's business scope and serve as a second growth engine beyond banking. At the same time, E.Sun will complete its three major profit engines of banking, insurance, and securities, with the financial holding company's total assets expected to exceed NT$6 trillion, ranking it among the top five listed financial holding companies in Taiwan.

E.Sun Financial Holding reported that last year's after-tax profit reached a record high of NT$34.342 billion, a year-on-year increase of 31.4%, with earnings per share (EPS) of NT$2.12. The total assets of the financial holding company grew steadily to NT$4.5165 trillion.

Looking ahead to this year's economic situation, E.Sun Financial Holding explained that this year is full of opportunities and challenges. The global economy is expected to maintain moderate expansion, with artificial intelligence (AI)-driven infrastructure investment and high-performance computing demand remaining the main growth engines.

E.Sun Financial Holding noted that Taiwan plays a crucial role in the global AI and semiconductor supply chain, with strong export momentum for ICT products and significant progress in tariff negotiations with the US, leading to an optimistic economic outlook. However, global supply chain restructuring and traditional manufacturing industries facing low-cost exports from China may exacerbate divergence in economic conditions across industries. Companies need to maintain flexible global deployment and deepen technological barriers to solidify their leading position amid changes.

E.Sun Financial Holding Chairman Huang Nan-chou stated that the board election has been completed, and the new board members possess both industry experience and academic expertise, strengthening areas such as M&A, risk governance, marketing innovation, real estate, and insurance, which is crucial for future development. Meanwhile, the proportion of independent directors increased from 41.67% to 45.45%, and the number of female directors increased from two to three, laying a good foundation for board diversity. (Editor: Pan Yi-ching) 1150612