Chang Hsing Announces Change in Directors at Key Subsidiary Chang Hsing (China) Investment Co., Ltd.

1. Date of Change: 115/04/08 2. Personnel Category (Enter Corporate Director, Corporate Supervisor, Independent Director, Natural Person Director, or Natural Person Supervisor): Natural Person Director 3. Former Personnel Title and Name: Director Mao Hui-kuan 4. Former Personnel Brief: General Manager & Chief Operating Officer, Chang Hsing Material Industry Co., Ltd. 5. New Personnel Title and Name: Director Liao Heng-ning 6. New Personnel Brief: General Manager & Chief Operating Officer, Chang Hsing Material Industry Co., Ltd. 7. Circumstance of Change (Enter 'Resignation', 'Dismissal', 'Term Expiration', 'Death', or 'New Appointment'): Dismissal 8. Reason for Change: Re-appointment by corporate shareholder 9. Number of Shares Held by New Appointee at Time of Election: Not applicable 10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 107/04/18 ~ 115/04/07 11. Effective Date of New Appointment: 115/04/08 12. Ratio of Director Changes within the Same Term: 1/3 13. Ratio of Independent Director Changes within the Same Term: Not applicable 14. Ratio of Supervisor Changes within the Same Term: Not applicable 15. Whether More Than One-Third of Directors Have Changed (Enter Yes or No): Yes 16. Other Disclosures (If the subject entity is a publicly issued company, this material information also meets the criteria of Article 7, Paragraph 6 of the Enforcement Rules of the Securities Transaction Act concerning matters that significantly affect shareholder rights or security prices): None.