China Petrochemical Development Corporation announced the tenure expiration of the Company's Remuneration Committee. Name of the previous position holder: Yun-Peng Chu (Independent Director), Wen-Yen Pan (Independent Director), Sung-Yong Chen; Resume of the previous position holder: Yun-Peng Chu (Independent Director): Professor of Economics, National Central University, Minister without Portfolio, Executive Yuan, R.O.C., Chairman, Taiwan Insurance Guaranty Fund; Wen-Yen Pan (Independent Director): Senior Research Engineer, Monsanto Company, Chairman, Kuo Kuang Power Co., Chairman & President, CPC Corporation, Chairman, CTCI Foundation; Sung-Yong Chen: Chairman, KYE Systems Corp. Name of the new position holder: To be appointed.

Reason for the change: Term expired The members of the Remuneration Committee will be announced separately after their appointment by the board of directors in the near future.