Taiwan Semiconductor Manufacturing Company Limited announced that Stan Shih- Independent Director, TSMC was replaced with L. Rafael Reif-President, MIT, as Independent Director, effective July 26, 2021. Stan Shih, the previously elected Independent Director, steps down as the member of TSMC's Audit Committee and Compensation Committee. L. Rafael Reif, the newly elected Independent Director, becomes the new member of TSMC's Audit Committee and Compensation Committee.