Fumao Oil Announces Resignation of Independent Director

1. Date of Change: 115/04/16 2. Category of Appointment or Change (Please enter Corporate Director, Corporate Supervisor, Independent Director, Natural Person Director, or Natural Person Supervisor): Independent Director 3. Former Incumbent's Title and Name: Xu Qirou 4. Former Incumbent's Brief History: Xu Qirou: Special Assistant to the General Manager's Office, Chimei Motor Co., Ltd. 5. New Incumbent's Title and Name: Not Applicable 6. New Incumbent's Brief History: Not Applicable 7. Circumstances of Change (Please enter "Resignation", "Dismissal", "Term Expiration", "Decease", or "New Appointment"): Resignation 8. Reason for Change: The committee declares as follows: Due to the Commercial Court's rejection ruling in case No. Shang Zan No. 3 of 115, it is believed that the supervisory duties of an independent director and audit committee member can no longer be effectively exercised, in order to safeguard the best interests of the company and all shareholders. Therefore, it is decided to resign from the company's independent director position effective April 16, 115, and simultaneously resign from the audit committee and remuneration committee positions, effective from that date. 9. Number of Shares Held by New Incumbent at Time of Election: Not Applicable 10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 113/11/22~116/11/21 11. Effective Date of New Appointment: Not Applicable 12. Change Rate of Directors in the Same Term: 2/9 13. Change Rate of Independent Directors in the Same Term: 2/3 14. Change Rate of Supervisors in the Same Term: Not Applicable 15. Whether One-Third or More of Directors Have Changed (Please enter Yes or No): No 16. Other Matters to be Notified (If the subject of the event or resolution is a publicly issued company or above, this material information also meets the requirements of Article 7, Paragraph 6 of the Regulations Governing the Enforcement of the Securities Transaction Act regarding matters that have a significant impact on shareholder rights or securities prices): None.