[Kuo Piao Financial] Announcement by Subsidiary International Bills & Securities Co., Ltd. on the Retirement of the 17th Chairman

1. Date of board resolution or change: 115/06/15 2. Position affected (please enter 'Chairman' or 'General Manager'): Chairman 3. Name of outgoing executive: Chairman Wei Chi-Lin 4. Outgoing executive's resume: Chairman, Kuo Piao Financial Holding Co., Ltd. 5. Name of incoming executive: NA 6. Incoming executive's resume: NA 7. Nature of change (please select from 'resignation', 'dismissal', 'end of term', 'job reassignment', 'severance', 'retirement', 'deceased', or 'new appointment'): retirement 8. Reason for change: applied for retirement 9. Effective date of new appointment: NA 10. Other disclosures (if the subject is a publicly listed company, this material information also qualifies under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act as an event having significant impact on shareholder rights or securities prices): The election of a new chairman is scheduled to take place at the 37th meeting of the 17th Board of Directors.