China Development Financial Holding Corporation announced that Vice Chairperson Paul Yang will act on behalf of Chairperson Chia-Juch Chang as The Chairperson will be suspended from acting his duties for six months pursuant to FSC Letter Jin-Guan-Yin-Kong-Zi No. 11102180333 and Penalty Letter No. 11102180334, effective from the day after the Company receives the Penalty Letter(2022/08/04).

Pursuant to Article 20 of CDF¡¦s Articles of Incorporation, when the chairman of the board of directors is on leave or absent or cannot exercise his power and authority for any cause, the vice chairman shall act on his behalf. Effective August 5, 2022. The term of the Acting Chairperson will be August 5, 2022 - February 4, 2023.