The Board of Directors of 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 1, 2022 and to appoint Mr. Chung, Chih-Hung as the new President.

The Company received the letter from the competent authority on October 11, 2022, which the authority approved the new president on October 11, 2022, so the inauguration date of the new president is October 11, 2022.