Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 1, 2023, in a Special Meeting of the Board of Directors of Vivic Corp, ("Company"), the board approved and made effect the following changes to the positions of the Board of Directors of the Company:

(1)Yu-Han Chen resigned from the position of Board Director.

(2)Chuen-Huei Lee became the new Board Director to fulfill the vacancy of the Board.

Mr. Chuen-Huei Lee focuses on investment and general management in electronics, biotechnology, green, smart manufacturing, leisure and tourism industries, and has more than 25 years of profound experience in management, finance and accounting, strategy, corporate governance and ESG investing. He served as chief financial officer of Bio-Bridge Science in Chicago, and a board advisor to SES, headquartered in Houston and a NASDAQ company. He also was a managing director of Tianrun International Holding Group and was responsible for investment and post-investment management.

Mr. Lee also participated in several equity investment funds in Asia and helped investment portfolio companies grow and achieve company goals. Before his investment career, he held senior positions at several securities firms and banks.

Mr. Lee holds an MBA from Columbia University and a BBA from National Taiwan University. He is also CFA and FRM charter holder.

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