Farglory Hotel (2712) Announces Board of Directors Re-election, Appoints Liu Ming-Fang as New Director

Date of Announcement: 115/05/20 Company Code: 2712 Company Name: Farglory Hotel

Subject: Announcement of the re-elected list of Directors (including Independent Directors)

1. Date of change: 115/05/20

2. Type of personnel change: Corporate Director, Independent Director

3. Name and title of former incumbents: Directors: (1) Representative of Farglory International Investment Co., Ltd.: Wu, Hsiang-Sheng (2) Representative of Farglory International Investment Co., Ltd.: Jao, Ming-Chang (3) Representative of Far East Construction Co., Ltd.: Hong, Sian-De (4) Representative of Far East Construction Co., Ltd.: Chen, Mei-Ling Independent Directors: (1) Su, Cheng-Tien (2) Lin, Cheng-Sung (3) Chou, Yin-Chung

4. Brief resume of former incumbents: Directors: (1) Wu, Hsiang-Sheng: Chairman, Farglory Hotel Co., Ltd. (Corporate Representative) (2) Jao, Ming-Chang: Director, OLAH Poshtel (Corporate Representative) (3) Hong, Sian-De: Chairman, Farglory Hotel Co., Ltd. (Corporate Representative) (4) Chen, Mei-Ling: COO, Operations Management Division, Farglory Group Headquarters Independent Directors: (1) Su, Cheng-Tien: Director, Taiwan Youth Hostel Co., Ltd. (2) Lin, Cheng-Sung: General Manager, Evergreen Laurel Hotel (3) Chou, Yin-Chung: Director and Consultant, Syntesio Co., Ltd.

5. Name and title of new incumbents: Directors: (1) Representative of Farglory International Investment Co., Ltd.: Wu, Hsiang-Sheng (2) Representative of Farglory International Investment Co., Ltd.: Jao, Ming-Chang (3) Representative of Far East Construction Co., Ltd.: Chen, Mei-Ling (4) Representative of Far East Construction Co., Ltd.: Liu, Ming-Fang Independent Directors: (1) Su, Cheng-Tien (2) Lin, Cheng-Sung (3) Chou, Yin-Chung

6. Brief resume of new incumbents: Directors: (1) Wu, Hsiang-Sheng: Chairman, Farglory Hotel Co., Ltd. (Corporate Representative) (2) Jao, Ming-Chang: Director, OLAH Poshtel (Corporate Representative) (3) Chen, Mei-Ling: COO, Operations Management Division, Farglory Group Headquarters (4) Liu, Ming-Fang: Chief Legal Officer, Farglory Group Independent Directors: (1) Su, Cheng-Tien: Director, Taiwan Youth Hostel Co., Ltd. (2) Lin, Cheng-Sung: General Manager, Evergreen Laurel Hotel (3) Chou, Yin-Chung: Director and Consultant, Syntesio Co., Ltd.

7. Reason for the change: Term expiration

8. Cause of the change: Full re-election upon term expiration

9. Shareholding of new appointees at the time of election: Directors: (1) Farglory International Investment Co., Ltd. (Wu, Hsiang-Sheng): 15,098,206 shares (2) Farglory International Investment Co., Ltd. (Jao, Ming-Chang): 15,098,206 shares (3) Far East Construction Co., Ltd. (Chen, Mei-Ling): 38,582,973 shares (4) Far East Construction Co., Ltd. (Liu, Ming-Fang): 38,582,973 shares Independent Directors: (1) Su, Cheng-Tien: 0 shares (2) Lin, Cheng-Sung: 0 shares (3) Chou, Yin-Chung: 0 shares

10. Term of the previous board: 112/05/24 to 115/05/23

11. Effective date of the new term: 115/05/20

12. Other matters to be specified: None.