Formosa Prosonic Industries Berhad announced the resignation of YM Mohamed Fauzi Bin Tengku Abdul Hamid as Non Independent and Non Executive director, effective from January 2, 2018. The reason for the resignation is under Permodalan Nasional Berhad (PNB)'s policy on governance, a director should serve a single company not more than 9 years or up to the age of 70, whichever is applicable. In this director's case, he has reached 9 years of service (as a nominee of PNB on the board of Formosa Prosonic Industries Berhad).