Announcement of the election of Directors on behalf of CTBC Capital Corp.

1.Date of occurrence of the change:2025/07/01

2.Elected or changed position (Please enter institutional director,

institutional supervisor, independent director, natural-person director or

natural-person supervisor):Natural-person director

3.Title and name of the previous position holder:

(1)Director, Tai-Keh Cheng

(2)Director, Noor Menai

(3)Director, Tsai-Jay Hsia

(4)Outside Director, Terrence J. Grasmick

(5)Outside Director, Joseph H. Tseng

4.Resume of the previous position holder:

(1)Tai-Keh Cheng:

   Chairman, CTBC Capital Corp.

(2)Noor Menai:

   Director, CTBC Capital Corp.

(3)Tsai-Jay Hsia:

   Director, CTBC Capital Corp.

(4)Terrence J. Grasmick:

   Outside Director, CTBC Capital Corp.

(5)Joseph H. Tseng:

   Outside Director, CTBC Capital Corp.

5.Title and name of the new position holder:

(1)Director, Tai-Keh Cheng

(2)Director, Noor Menai

(3)Director, Tsai-Jay Hsia

(4)Outside Director, Terrence J. Grasmick

(5)Outside Director, Joseph H. Tseng

6.Resume of the new position holder:

(1)Tai-Keh Cheng:

   Chairman, CTBC Capital Corp.

(2)Noor Menai:

   Director, CTBC Capital Corp.

(3)Tsai-Jay Hsia:

   Director, CTBC Capital Corp.

(4)Terrence J. Grasmick:

   Outside Director, CTBC Capital Corp.

(5)Joseph H. Tseng:

   Outside Director, CTBC Capital Corp.

7.Circumstances of change (Please enter “resignation”, “dismissal”,

“term expired”, “death” or “new appointment”):Term expired

8.Reason for the change:Term expired

9.Number of shares held by the new position holder when elected:N/A

10.Original term (from __________ to __________):From 2024/07/02 to 2025/07/01

11.Effective date of the new appointment:2025/07/02

12.Turnover rate of directors of the same term:N/A

13.Turnover rate of independent directors of the same term:N/A

14.Turnover rate of supervisors of the same term:N/A

15.Change in one-third or more of directors (Please enter “Yes” or

“No”):No

16.Any other matters that need to be specified (the information disclosure

  also meets the requirements of Article 7, subparagraph 6 of the Securities

  and Exchange Act Enforcement Rules, which brings forth a significant impact

  on shareholders rights or the price of the securities on public companies.):

 Due to the time zone difference, the election will be effective on July 1

 in United States, which corresponds to July 2 in Taiwan.