Posiflex Technology, Inc. announced the change in representative of the company' institutional director. Name of the previous position holder: Cheng-Lai, Shen; resume of the previous position holder: Director, ASUSTeK Computer Inc., Director, Portwell Inc. Name of the new position holder: Yi-Ching, Li; Resume of the new position holder: GCO Legal Director, Posiflex Technology, Inc., Legal Director, Esquarre Capital Taiwan branch. Reason for the change: Fuyi Investment Inc. assigned a new representative to serve as institutional director.

Effective date of the new appointment is March 17, 2022.