Taiseng Steel Announces Board Election of New Chairman

1. Date of board resolution or change: 115/06/16 2. Position (please enter Chairman or General Manager): Chairman 3. Former incumbent's name: Hsieh Li-Yun (representative of Wei-Yi Investment Co., Ltd.) 4. Former incumbent's resume: Chairman of Taiseng Stainless Steel Industry Co., Ltd. 5. New appointee's name: Hsieh Li-Yun (representative of Wei-Yi Investment Co., Ltd.) 6. New appointee's resume: Chairman of Taiseng Stainless Steel Industry Co., Ltd. 7. Nature of change (please enter 'resignation', 'dismissal', 'end of term', 'duty adjustment', 'redundancy', 'retirement', 'deceased', or 'new appointment'): End of term 8. Reason for change: Re-election upon expiration of term 9. Effective date of new appointment: 115/06/16 10. Other matters to be disclosed: None

Keyword: Material Information