Sanyang Industry Announces Elected Directors from 115th Annual Shareholders' Meeting

1. Date of Change: 115/06/26

2. Category of Appointed or Changed Personnel (please enter: Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Corporate Director, Independent Director, Individual Director

3. Previous Position and Name: (1) Director: Wu Qingyuan (2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd. (3) Director: Jiang Lixi, Representative of Qianjing Investment Co., Ltd. (4) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd. (5) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd. (6) Director: Zhang Deqing, Representative of Zhaoyao Investment Co., Ltd. (7) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd. (8) Independent Director: Shi Zhongchuan (9) Independent Director: Jiang Zhen (10) Independent Director: Xie Zhihong (11) Independent Director: Chen Fuwei

4. Previous Resume: (1) Director: Wu Qingyuan / Chairman, Sanyang Industry (Co.) Ltd. (2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd. / Vice Chairman, Sanyang Industry (Co.) Ltd. (3) Director: Jiang Lixi, Representative of Qianjing Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (4) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd. / Manager, Chairman's Office & Product Manager, Product Management Department, Sanyang Industry (Co.) Ltd. (5) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (6) Director: Zhang Deqing, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (7) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (8) Independent Director: Shi Zhongchuan / Independent Director, Sanyang Industry (Co.) Ltd. (9) Independent Director: Jiang Zhen / Independent Director, Sanyang Industry (Co.) Ltd. (10) Independent Director: Xie Zhihong / Independent Director, Sanyang Industry (Co.) Ltd. (11) Independent Director: Chen Fuwei / Managing Partner, Chuanzhi Hezhu Accounting Firm

5. New Position and Name: (1) Director: Wu Qingyuan (2) Director: Wu Lizhu, Representative of Qianjing Investment Corporation (3) Director: Jiang Lixi, Representative of Qianjing Investment Corporation (4) Director: Wu Yicheng, Representative of Qianjing Investment Corporation (5) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd. (6) Director: Zhang Deqing, Representative of Zhaoyao Investment Co., Ltd. (7) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd. (8) Independent Director: Shi Zhongchuan (9) Independent Director: Chen Fuwei (10) Independent Director: Hong Daming (11) Independent Director: Wei Xinghai

6. New Resume: (1) Director: Wu Qingyuan / Chairman, Sanyang Industry (Co.) Ltd. (2) Director: Wu Lizhu, Representative of Qianjing Investment Corporation / Vice Chairman, Sanyang Industry (Co.) Ltd. (3) Director: Jiang Lixi, Representative of Qianjing Investment Corporation / Director, Sanyang Industry (Co.) Ltd. (4) Director: Wu Yicheng, Representative of Qianjing Investment Corporation / Director, Sanyang Industry (Co.) Ltd. (5) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (6) Director: Zhang Deqing, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (7) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd. / Director, Sanyang Industry (Co.) Ltd. (8) Independent Director: Shi Zhongchuan / Independent Director, Sanyang Industry (Co.) Ltd. (9) Independent Director: Chen Fuwei / Independent Director, Sanyang Industry (Co.) Ltd. (10) Independent Director: Hong Daming / Attorney, Chengda United Law Firm (11) Independent Director: Wei Xinghai / CPA, Chuanzhi Hezhu Accounting Firm

7. Change Status (please enter 'resignation', 'removal', 'end of term', 'deceased', or 'new appointment'): End of term

8. Reason for Change: Regular election due to end of term

9. Number of Shares Held by New Appointees at Time of Election: (1) Director: Wu Qingyuan, 20,126,240 shares (2) Director: Wu Lizhu, Representative of Qianjing Investment Corporation, 29,181,000 shares (3) Director: Jiang Lixi, Representative of Qianjing Investment Corporation, 29,181,000 shares (4) Director: Wu Yicheng, Representative of Qianjing Investment Corporation, 29,181,000 shares (5) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd., 14,625,000 shares (6) Director: Zhang Deqing, Representative of Zhaoyao Investment Co., Ltd., 14,625,000 shares (7) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd., 14,625,000 shares (8) Independent Director: Shi Zhongchuan, 0 shares (9) Independent Director: Chen Fuwei, 0 shares (10) Independent Director: Hong Daming, 0 shares (11) Independent Director: Wei Xinghai, 0 shares

10. Previous Term (e.g., xx/xx/xx ~ xx/xx/xx): 112/06/28 ~ 115/06/27

11. Effective Date of New Appointment: 115/06/26

12. Director Turnover Rate within Same Term: Not applicable

13. Independent Director Turnover Rate within Same Term: Not applicable

14. Supervisor Turnover Rate within Same Term: Not applicable

15. Is the change in directors more than one-third (yes or no): No

16. Other Matters to be Clarified (if the subject is a publicly issued company, this major information also meets Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act regarding matters significantly affecting shareholders' rights or securities prices): None