Formosa Oil: Announcement of Independent Director's Resignation from Functional Committee Positions

1. Date of change: 115/04/16 2. Name of functional committee: Audit Committee, Compensation Committee 3. Former incumbent's name: HSIU, CHI-LING 4. Brief profile of former incumbent: HSIU, CHI-LING: Special Assistant to the General Manager's Office, Chi Mei Vehicle Electric Co., Ltd. 5. Newly appointed incumbent's name: Not applicable 6. Brief profile of newly appointed incumbent: Not applicable 7. Circumstances of change (please enter "Resignation", "Dismissal", "Term Expiration", "Death", or "New Appointment"): Resignation 8. Reason for change: Committee statement as follows: Due to the Commercial Court's rejection ruling on case No. 115 Commercial Temporary No. 3, it is deemed that the supervisory duties of an independent director and audit committee member can no longer be effectively exercised to safeguard the best interests of the company and all shareholders. Therefore, the decision is made to resign from the company's independent director position and concurrently from the positions of Audit Committee and Compensation Committee member, effective April 16, 115. This statement is made hereby. 9. Original term of office (e.g., xx/xx/xx ~ xx/xx/xx): 113/11/22~116/11/21 10. Effective date of new appointment: Not applicable 11. Other matters to be noted: None.