Kokuken Announces Full Board Renewal at 115th Annual Shareholders' Meeting

1. Date of Change: 115/06/12 2. Category of Appointed or Changed Personnel (please enter Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Corporate Directors and Independent Directors 3. Former Titles and Names: Directors: (1) Representative of Hexin Industrial Co., Ltd.: Chang Ching-kuei (2) Representative of Hexin Industrial Co., Ltd.: Lee Hung-ming (3) Representative of Hexin Industrial Co., Ltd.: Tsai Tsung-yen (4) Representative of the Cathay Construction Culture and Education Foundation: Chu Chung-chiang (5) Representative of the Cathay Construction (Corp.) Employee Welfare Committee: Lin Ching-liang (6) Representative of the Cathay Life Charity Foundation: Chuang Wan-hua Independent Directors: (1) Chang Yuan-hsiao (2) Yu Tsu-kang (3) Lee Feng-kun 4. Former Resumes: Directors: (1) Representative of Hexin Industrial Co., Ltd.: Chang Ching-kuei / Chairman of Cathay Construction Co., Ltd. (2) Representative of Hexin Industrial Co., Ltd.: Lee Hung-ming / General Manager of Cathay Construction Co., Ltd. (3) Representative of Hexin Industrial Co., Ltd.: Tsai Tsung-yen / Senior Deputy General Manager of Cathay Construction Co., Ltd. (4) Representative of the Cathay Construction Culture and Education Foundation: Chu Chung-chiang / Chairman of Mei-Feng Enterprise Co., Ltd. (5) Representative of the Cathay Construction (Corp.) Employee Welfare Committee: Lin Ching-liang / Deputy General Manager of Cathay Construction Co., Ltd. (6) Representative of the Cathay Life Charity Foundation: Chuang Wan-hua / General Manager of Cathay Hospitality Co., Ltd. Independent Directors: (1) Chang Yuan-hsiao / Attorney at Weilaw Law Firm (2) Yu Tsu-kang / Chairman of Yuli Industrial Co., Ltd. (3) Lee Feng-kun / Director of the Republic of China Health Care Foundation 5. New Titles and Names: Directors: (1) Representative of Hexin Industrial Co., Ltd.: Chang Ching-kuei (2) Representative of Hexin Industrial Co., Ltd.: Kuo Wen-kai (3) Representative of Zhen-Sheng Industrial Co., Ltd.: Tsai Tsung-yen (4) Representative of Zhen-Sheng Industrial Co., Ltd.: Chu Chung-chiang (5) Representative of the Cathay Construction (Corp.) Employee Welfare Committee: Lin Ching-liang (6) Representative of the Cathay Life Charity Foundation: Chuang Wan-hua Independent Directors: (1) Yu Tsu-kang (2) Lee Feng-kun (3) Chen Yi-feng 6. New Resumes: Directors: (1) Representative of Hexin Industrial Co., Ltd.: Chang Ching-kuei / Chairman of Cathay Construction Co., Ltd. (2) Representative of Hexin Industrial Co., Ltd.: Kuo Wen-kai / General Manager of Cathay Construction Co., Ltd. (3) Representative of Zhen-Sheng Industrial Co., Ltd.: Tsai Tsung-yen / Senior Deputy General Manager of Cathay Construction Co., Ltd. (4) Representative of Zhen-Sheng Industrial Co., Ltd.: Chu Chung-chiang / Chairman of Mei-Feng Enterprise Co., Ltd. (5) Representative of the Cathay Construction (Corp.) Employee Welfare Committee: Lin Ching-liang / Senior Deputy General Manager of Cathay Construction Co., Ltd. (6) Representative of the Cathay Life Charity Foundation: Chuang Wan-hua / General Manager of Cathay Hospitality Co., Ltd. 7. Nature of Change (please enter 'resignation', 'dismissal', 'end of term', 'deceased', or 'new appointment'): End of Term 8. Reason for Change: Re-election 9. Number of Shares Held by New Appointees at Time of Election: (1) Representative of Hexin Industrial Co., Ltd.: Chang Ching-kuei – 22,000,000 shares (2) Representative of Hexin Industrial Co., Ltd.: Kuo Wen-kai – 22,000,000 shares (3) Representative of Zhen-Sheng Industrial Co., Ltd.: Tsai Tsung-yen – 17,500,000 shares (4) Representative of Zhen-Sheng Industrial Co., Ltd.: Chu Chung-chiang – 17,500,000 shares (5) Representative of the Cathay Construction (Corp.) Employee Welfare Committee: Lin Ching-liang – 2,754,800 shares (6) Representative of the Cathay Life Charity Foundation: Chuang Wan-hua – 5,941,332 shares Independent Directors: (1) Yu Tsu-kang – 0 shares (2) Lee Feng-kun – 0 shares (3) Chen Yi-feng – 0 shares 10. Previous Term (e.g., xx/xx/xx ~ xx/xx/xx): 112/06/09 ~ 115/06/08 11. Effective Date of New Appointment: 115/06/12 12. Director Turnover Rate Within Same Term: Not applicable 13. Independent Director Turnover Rate Within Same Term: Not applicable 14. Supervisor Turnover Rate Within Same Term: Not applicable 15. Is the change in directors one-third or more (yes or no): Yes 16. Other Matters to Be Clarified (if the entity is a publicly issued company, this announcement also qualifies as a material event under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act): None