The board of directors of Yue Yuen Industrial (Holdings) Limited announced the following changes: Mr. Yu Huan-Chang (Mr. Yu) has tendered his resignation as chief financial officer of the Company, an authorised representative required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and an authorised representative for accepting service of process and notices in Hong Kong on behalf of the Company under the Companies Ordinance (Cap. 622 of the Laws of Hong Kong), with effect from September 2, 2022, due to re-assignment of work. Mr. Shih Chih-Hung (Mr. Shih) has been appointed as chief financial officer of the Company, an authorised representative required under Rule 3.05 of the Listing Rules and an authorised representative for accepting service of process and notices in Hong Kong on behalf of the Company under the Companies Ordinance (Cap.

622 of the Laws of Hong Kong), with effect from September 2, 2022. Mr. Shih, aged 57, graduated from Taiwan Chung-Yuan University with a Bachelor Degree in Accounting. Mr. Shih joined the Group in 2007 and is currently a director of certain subsidiaries of the Company.

He joined Pou Chen Corporation, in 1991 and is currently a vice president of PCC being responsible for daily accounting and financial management. PCC has interest in the shares of the Company which would fall to be disclosed to the Company under the provision of Divisions 2 and 3 of Part XV of the Securities and Futures Ordinance. He has been an executive director of Eagle Nice (International) Holdings Limited, since April 1, 2020.

He is also a director of Elitegroup Computer Systems Co., Ltd, Evermore Chemical Industry Co. Ltd. and Nan Pao Resins Chemical Co., Ltd, all companies listed on the TSE, since July 2021, May 2022 and May 2022 respectively.