The Shanghai Commercial & Savings Bank, Ltd. announced that Position (Please enter chairperson or president/general manager): President. Name of the previous position holder: Mr. Lee Ching Yen Stephen, Resume of the previous position holder: SCSB,The chairperson of the Company temporarily holds the post of President and Name of the new position holder: Mr. Kuo, Ching-Yi, Resume of the new position holder: SCSB,Senior Executive Vice President. Circumstances of change: New Appointment.

Reason for the change:New Appointment. Effective date of the new appointment: 2023/09/13.