Grand Ocean-KY: Term of Compensation Committee Members Expires

1. Date of Change: 115/06/16 2. Functional Committee Name: Compensation Committee 3. Former Members: (1) Grand Ocean Retail Group Ltd. Independent Director: Ding Jin-Hui (2) Grand Ocean Retail Group Ltd. Independent Director: She Jing-Yi (3) Grand Ocean Retail Group Ltd. Independent Director: Li Zhen-Yu 4. Former Members' Resumes: (1) Grand Ocean Retail Group Ltd. Independent Director: Ding Jin-Hui / Managing Partner, Pan-Asia International United Accounting Firm (2) Grand Ocean Retail Group Ltd. Independent Director: She Jing-Yi / Chairman, Qingdao Mingyu Real Estate Plaza Co., Ltd. (3) Grand Ocean Retail Group Ltd. Independent Director: Li Zhen-Yu / Assistant President and Director of Development, Grand Ocean Department Store Group Co., Ltd. 5. New Members: (1) Grand Ocean Retail Group Ltd. Independent Director: Chen Wei-Hui (2) Grand Ocean Retail Group Ltd. Independent Director: Li Zhen-Yu (3) Grand Ocean Retail Group Ltd. Independent Director: Li Ya-Ping 6. New Members' Resumes: (1) Grand Ocean Retail Group Ltd. Independent Director: Chen Wei-Hui / Certified Public Accountant, Herong United Accounting Firm (2) Grand Ocean Retail Group Ltd. Independent Director: Li Zhen-Yu / Assistant President and Director of Development, Grand Ocean Department Store Group Co., Ltd. (3) Grand Ocean Retail Group Ltd. Independent Director: Li Ya-Ping / Deputy General Manager, Business Development Division, Hongguo Construction Group 7. Nature of Change: Term Expiration 8. Reason for Change: Term Expiration 9. Previous Term: 112/06/15 ~ 115/06/14 10. Effective Date of New Appointment: 115/06/16 11. Other Matters to Note: None