Yulon Finance Corporation announced election of directors and Independent directors by the 2022 Shareholders' Meeting. Title and name of the previous position holder: Institutional director (a)Yulon Motor Co.,Ltd. Representative Li-Lien Yen Chen Tzu-Shen Tso Zhen-Xiang Yao (b)Yulon Management Co. Ltd. Representative Liang Chang Wen-Rong Tsay Chen-Cheng Lee Kuo-Hsing Hsu.

Independent director Chi-Ching Chen Yi-Hong Hsieh Zhong-Qi Zhou Kao-Chien Huang. Resume of the previous position holder: Institutional director (a)Yulon Motor Co.,Ltd. Representative Li-Lien Yen Chen, Chairman, Yulon Motor Co. Ltd. Tzu-Shen Tso, Vice Chairman, Yulon Motor Co.

Ltd. Zhen-Xiang Yao, Director & President, Yulon Motor Co. Ltd. (b)Yulon Management Co. Ltd. Representative Liang Chang, Director, Yulon Motor Co.

Ltd. Wen-Rong Tsay, Director & President, Yulon Nissan Motor Co. Ltd. Chen-Cheng Lee, Director, Yulon Nissan Motor Co. Ltd. Kuo-Hsing Hsu, Director & President, Yulon Finance Corporation.

Independent director Chi-Ching Chen, Independent Director, China Motors Corporation Yi-Hong Hsieh, Independent Director, Yulon Motor Co. Ltd. Zhong-Qi Zhou, Independent Director, Yulon Motor Co. Ltd. Kao-Chien Huang, Independent Director, Yulon Finance Corporation.

Title and name of the new position holder: Institutional director (a)Yulon Motor Co.,Ltd. Representative Li-Lien Yen Chen Tzu-Shen Tso Zhen-Xiang Yao (b)Lowin Industrial Co. Ltd. Representative Liang Chang Wen-Rong Tsay Chen-Cheng Lee (c)Yulon Management Co. Ltd. Representative Kuo-Hsing Hsu (2)Independent director Chi-Ching Chen Yi-Hong Hsieh Zhong-Qi Zhou Kao-Chien Huang 6.Resume of the new position holder: Institutional director (a)Yulon Motor Co.,Ltd. Representative Li-Lien Yen Chen, Chairman, Yulon Motor Co.

Ltd. Tzu-Shen Tso, Vice Chairman, Yulon Motor Co. Ltd. Zhen-Xiang Yao, Director & President, Yulon Motor Co. Ltd. (b)Lowin Industrial Co.

Ltd. Representative Liang Chang, Director, Yulon Motor Co. Ltd. Wen-Rong Tsay, Director & President, Yulon Nissan Motor Co. Ltd. Chen-Cheng Lee, Director, Yulon Nissan Motor Co.

Ltd. (c)Yulon Management Co. Ltd. Representative Kuo-Hsing Hsu, Director & President, Yulon Finance Corporation. Independent director Chi-Ching Chen, Independent Director, China Motors Corporation Yi-Hong Hsieh, Independent Director, Yulon Motor Co.

Ltd. Zhong-Qi Zhou, Independent Director, Yulon Motor Co. Ltd. Kao-Chien Huang, Independent Director, Yulon Finance Corporation.