Sinopac Financial : Holdings Announces the Seventh Term of Directors and Independent Directors

1. Date of occurrence of the change: 2020/05/13
2. Appointment of or changed personnel (juristic-person director, juristic-person supervisor, independent director, natural-person director or natural-person supervisor): juristic-person director, independent director, and natural-person director
3. Title, name and resume of the replaced personnel:

Director:

ONG Wen-Chyi, Representative of Hsinex International Corp./Chairman of SinoPac Holdings

HO Yi-Da, Representative of Hsinex International Corp./Director of SinoPac Holdings

CHIU Cheng-Hsiung, Representative of YFY Inc./Director of SinoPac Holdings

Stanley CHU, Representative of YFY Inc./Director of SinoPac Holdings

Chi-Hsing YEH, Representative of YFY Inc./Director of SinoPac Holdings

CHEN Chia-Hsien/Director of SinoPac Holdings

Independent Director:

Chi SCHIVE/Independent Director of SinoPac Holdings

James J. SHEU/Independent Director of SinoPac Holdings

1. Title, name and resume of the new personnel:

Director:

Shi-Kuan CHEN, Representative of Hsinex International Corp./President of Chung-Hua Institution for

Economic Research

Stanley CHU, Representative of Hsinex International Corp./Director of SinoPac Holdings

Chi-Hsing YEH, Representative of Xing Yuan Co., Ltd./Director of SinoPac Holdings

Wei-Thyr TSAO, Representative of Xing Yuan Co., Ltd./Director of Bank SinoPac

Independent Director:

Chi SCHIVE/Independent Director of SinoPac Holdings

James J. SHEU/Independent Director of SinoPac Holdings

Wei-Ta PAN/President of Soochow University

1. Type of the change (please enter: 'resignation', 'discharge', 'tenure expired', 'death' or 'new appointment'): tenure expired
2. Reason for the change: re-election
3. Number of shares held by the new personnel at the time of appointment:

Director:

Shi-Kuan CHEN, Representative of Hsinex International Corp./ 175,489,715 shares

Stanley CHU, Representative of Hsinex International Corp./ 175,489,715 shares

Chi-Hsing YEH, Representative of Xing Yuan Co., Ltd./ 125,596,069 shares

Wei-Thyr TSAO, Representative of Xing Yuan Co., Ltd./ 125,596,069 shares

Independent Director:

Chi SCHIVE/0 share

James J. SHEU/0 share

Wei-Ta PAN/0 share

1. Original term: 2017/06/14~2020/05/13
2. Effective date of the new appointment: 2020/05/13
3. Rate of turnover of directors of the same term: NA
4. Rate of turnover of supervisor of the same term: NA
5. Rate of turnover of independent director of the same term: NA
6. Change in one-third or more of directors ('Yes' or 'No'): Yes
7. Any other matters that need to be specified: none