M3 Technology Inc. announced the resignation of Chang-Yong Chen as Chairman. Reason for the change: retirement from the position of Chairman. Chang-Yong Chen, the Chairman of the Board, reaches retirement age.

The Company received the resignation letter from Chang-Yong Chen on January 31, 2024, resigning from the position of Chairman of the Company. The effective date of the resignation is January 31, 2024. Chang-Yong Chen remains as a director of the company, with his term lasting from May 24, 2023, to May 23, 2026.

The Company convened an emergency board meeting on the same day, January 31, 2024, and elected AP Memory Technology Corporation as the new Chairman of the Board.