Yuan High-Tech Development Co., Ltd. announced appointment of new chairman. Name of the previous position holder: Representative of Corporate Director Wei Sheng Investmemt Co.,Ltd. Representative: Chen,Li-Min. Resume of the previous position holder: Representative of Corporate Director Wei Sheng Investmemt Co.,Ltd. Representative: Chen,Li-Min/Institute of Business Administration, National Chengchi University /General Manager of Kunshan Construction.

Name of the new position holder: Zhao,Xi-Zheng. Resume of the new position holder: Zhao,Xi-Zheng/University of Alabama at Birmingham /CEO of the company. The new chairman is appointed as the term expired.

Effective date of the new appointment is June 14, 2022.