Central Reinsurance Corporation announced the change of the president. Name of the previous position holder: Cheng, Ching-Fen; Resume of the previous position holder: President of Central Reinsurance Corporation; Name of the new position holder: Chung, Chih-Hung; Resume of the new position holder: Executive Vice President of Central Reinsurance Corporation; Reason for the change: The Board of Directors resolved to dismiss Miss Cheng, Ching-Fen on September 01, 2022 and to appoint Mr. Chung, Chih-Hung as the new President. Effective date of the new appointment: To be effective as from the date of approval by the competent authority.

Any other matters that need to be specified: Before the approval of the competent authority, Executive Vice President of Chung, Chih-Hung will act for the President of the company duties.