Tong Yang Industry Co., Ltd. appointed Yeong-Maw Wu, Vice Chairman as Chairman in place of Yung-Feng Wu, effective December 21, 2023. Yung-Feng Wu, the Chairman of the Company,resigned from his position as the Chairman for the purpose of corporate inheritance and sustainable development,but coutinues to serve as a member of the Board of Directors. At the same time,Vice Chairman Yeong-Maw Wu was elected as the Chairman of the Company, and there is temporarily no plan to re-elect a Vice Chairperson.