Paiho Shih Holdings Corporation announced that Name of the previous position holder: Kuo-Ian Cheng (Representative of Paiho Int¡¦l Limited.). Resume of the previous position holder: Chairman, Paiho Shih Holdings Corporation. Name of the new position holder: Pending appointment by the board of directors.

Reason for the change: The term of the directors has expired and a full re-election has been conducted.