The Board of Yue Yuen Industrial (Holdings) Limited announced the following changes: Ms. Yen Mun-Gie (also known as Teresa Yen), will have served the Company for more than 9 years, has tendered her resignation as an independent non-executive director of the Company and a member of the audit committee, the remuneration committee and the nomination committee of the Company with effect from November 12, 2021 due to her other commitments; and Mr. Lin Shei-Yuan has been appointed as an independent non-executive director of the Company and a member of the audit committee, the remuneration committee and the nomination committee of the Company with effect from November 12, 2021. Mr. Lin is a seasoned banker with 30 years of working experiences in the banking industry in Taiwan. He was the head of corporate and institutional banking of Australia and New Zealand Banking Group, Taiwan from September 2012 to February 2018, and before that, he was the general manager of international corporate banking of Standard Chartered Bank, Taiwan from December 2008 to August 2012. Mr. Lin served Citibank, Taiwan for more than 11 years since August 1997, with his rank up to the managing director of corporate banking and senior credit officer.