LuxNet Corporation announced the dismissal of the institutional director due to the transfer of shares exceeding more than one half of shares held when elected. Title and name of the previous position holder: Kung Hsing Hsien. Resume of the previous position holder: the company's director.

Reason for the change: Director of the company who has transferred more than one half of the company's shares being held by him at the time he is elected, he shall be discharged from the office of director. On February 7, 2024, the Company has learned that director Kung Hsing Hsien, due to an oversight, had transferred his holdings exceeding half of the shares held at the time of his appointment.