Posiflex Technology, Inc. announced change of board of directors chairperson. Name of the previous position holder: Mao-Chiang, Chen, Resume of the Previous Position Holder: Chairman and CEO of Posiflex Technology Inc. Name of the New Position Holder: Chieh-Wen, Cheng. Reason for the Change: After the Full Re-Election of Directors At 2023 Regular Shareholders Meeting, the Board of Directors Elects the Chairperson.

Effective Date of the New Appointment: 2023 June 09.