CMC Magnetics Corporation announced changes to Audit Committee. Name and resume of previous position holder: Independent Director:XIAO, FENG-XIONG, Honor Professor, Department of Banking and Finance, Independent Director:WU, CHENG-HSIU Professional Lawyer of Taipei Bar Association and Independent Director:LEE MING YEN Special Assistant to Chairman of Premier Capital Management Corp. Name and resume of the new position holder: Independent Director:WU, CHENG-HSIU Professional Lawyer of Taipei Bar Association, Independent Director:Chen Ching-Chang, Chief Investment Officer of Fair Friend Group and Independent Director:Kuo Ming-Chun Securities Investment Team Leader of Financial Department, Entie Bank.

Circumstances of change is term expired. Original term is from July 23, 2021 to July 22, 2024. Effective date of the new member is June 14, 2024.