The First Insurance Co., Ltd. announced the change of president as follows: Position: President; Name of the previous position holder: CHIU-MING LU; Resume of the previous position holder: President; Name of the new position holder: SIN-KUN CHEN; Resume of the new position holder: Vice President; Circumstances of change: retirement; Effective date of the new appointment: 01 January 2023; Any other matters that need to be specified: President Chiu-Ming Lu will serve until December 31, 2022 and a new president will take over on January 1, 2023 pending regulatory approval. If approval is not granted by then, a proxy will be acting as president.