Cathay Consolidated, Inc. announced the appointment of Chen Xian-Zhi as Member of the Audit Committee, effective May 18, 2023. Chen Xian-Zhi is Manager of Hua Nan Commercial Bank Ltd. The company also announced the resignation of David Biing as Member of the Audit Committee, effective May 18, 2023. David Biing is General Manager of FORD LIO HO MOTOR CO.,LTD.