Everest Textile Co., Ltd. announced change in representative of the Company's institutional director. Name of legal person: Yuan Ding Investment Co., Ltd. Name of the previous position holder: Eric Hu. Resume of the previous position holder: General Manager of Far Eastern New Century Corporation.

Name of the new position holder: Wen Kuei Hsiang. Resume of the new position holder: Vice President of Everest Textile Co., Ltd. Reason for the change: Yuan Ding Investment Co., Ltd. assigned a new representative to serve as institutional director. Effective date of the new appointment is July 1, 2022.