The Shanghai Commercial & Savings Bank, Ltd. announced that the board changes: Title, name and resume of the previous position holder: Chairperson: HUNG-CHING YUNG Vice Chairperson: STEPHEN CHING-YEN LEE Managing Director: YIH-PIN CHEN Managing & Independent Director: YUNG-SAN LEE Director: LINCOLN CHU-KUEN YUNG Director: JOHN CON-SING YUNG(Delegate of Magnetic Holdings Limited) Director: GEORGE CHAO-CHI GU Director: YI-JEN CHIOU Director: SHAN-CHUNG CHEN Director: KAR-WAH CHENG Independent Director: MILES KING-HU HSIEH Independent Director: MU-TSAI CHEN. Title, name and resume of the new position holder: Chairperson: STEPHEN CHING-YEN LEE Managing Director: JOHN CON-SING YUNG(Delegate of Magnetic Holdings Limited) Managing & Independent Director: MU-TSAI CHEN Director: LINCOLN CHU-KUEN YUNG Director: GEORGE CHAO-CHI GU Director: YI-JEN CHIOU Director: CHIH-HUNG LIN Independent Director: MILES KING-HU HSIEH Independent Director: GARY KUO-LIEH TSENG. Effective date of the new appointment on July 5, 2021.