Nan Pao Announces Board Director Change at Key Subsidiary

1. Date of Change: 115/07/08 2. Category of Appointment or Change (Legal Person Director, Legal Person Supervisor, Independent Director, Natural Person Director, or Natural Person Supervisor): Natural Person Director 3. Former Position and Name: Director / Wu Cheng-Hsien 4. Former Director's Resume: Chairman of Nan Pao Resin Chemical Works Co., Ltd. 5. New Director's Position and Name: Director / Huang Ying-Lin 6. New Director's Resume: Chairman of Nan Pao Resin Chemical Works Co., Ltd. 7. Nature of Change (Please enter 'Resignation', 'Removal', 'End of Term', 'Deceased', or 'New Appointment'): Resignation 8. Reason for Change: Resignation 9. Number of Shares Held by New Director at Time of Appointment: Not Applicable 10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): Not Applicable 11. Effective Date of New Appointment: 115/07/08 12. Percentage of Concurrent-Term Directors Changed: 100% 13. Percentage of Concurrent-Term Independent Directors Changed: Not Applicable 14. Percentage of Concurrent-Term Supervisors Changed: Not Applicable 15. Is the Change Involving One-Third or More of Directors? (Yes or No): Yes 16. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly issued company, this significant information simultaneously meets the criteria under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act regarding matters significantly affecting shareholders' rights or securities prices): None