Central Reinsurance Corporation announced management changes. Name and resume of the previous position holder is Tsai, Bai-Long, President of Central Reinsurance Corporation. Name and resume of the new position holder:Cheng, Ching-Fen, Executive Vice President, Finance Division of Central Reinsurance Corporation is Mr. Tsai, Bai-Long will retire on October 1, 2020. The Board of Directors resolved to appoint Mrs. Cheng, Ching-Fen as the new President. Effective date of the new appointment is October 1, 2020. The change is subject to the approval of the competent authority, if it is not approved before October 1, 2020, the effective date will be the approval date and be announced accordingly.