On March 6th, 2023, Standard Chemical & Pharmaceutical Co. Ltd. received a resignation letter from Mr. Chin-Tsai, Fan, the Chairman of the Board, resigning from his position as the Chairman of the Board, with the resignation effective dated March 14th, 2023. Mr. Chin-Tsai, Fan remains as director of the Company, with the tenure starting from his election as a director of the 19th Board on August 24th, 2021 and ending on August 23rd, 2024.