The Board of EnTie Commercial Bank Co., Ltd. appointed Mr. Jeff Chang, Executive Vice President of EnTie Bank to serve as Acting President, effective upon approval by the Financial Supervisory Commission. The period of the Bank's Chairman Mr. Jesse Ding concurrently serving as President will expire on October 23, 2020. Before obtaining approval from the the Financial Supervisory Commission, Mr. Jeff Chang, Executive Vice President, will be designated by the Chairman as Acting President pursuant to Article 36 of the Company's Articles of Incorporation starting October 24, 2020.