Cathay Consolidated, Inc. announced name of the functional committees: the Audit Committee. Name and resume of the previous position holder Shih Sin Chuan Independent Directors of Cathay Consolidated, Inc.; Wu Cun yi Independent Directors of Cathay Consolidated, Inc.; Pan Sian Dean of Taipei Medical University Hospital. Name and resume of the new position holder: Shih Sin Chuan Independent Directors of Cathay Consolidated, Inc.; Pan Sian Dean of Taipei Medical University Hospital.; David Biing General Manager of FORD LIO HO MOTOR CO., LTD. Reason for the change is term expired.

Effective date of the new member is July 7, 2022.