On January 13, 2023, Diodes Incorporated entered into a transition agreement with Evan Yu, the company's Senior Vice President, Worldwide Power Products. Pursuant to the Agreement, effective at the close of business on January 31, 2023, Mr. Yu will voluntarily resign his position as senior vice president, Worldwide Power Products. Effective February 1, 2023, Mr. Yu will serve in an at-will part-time contractor position through January 31, 2024 in which he will represent Diodes Incorporated as the company's director on certain subsidiary or affiliated boards of the company.

This one year duration of contractor services under the agreement will automatically be renewed for an additional year on the last day of January in each year commencing with 2024 unless either Mr. Yu or the Company has provided the other party with written notice (no later than January 31) that Mr. Yu or the Company does not wish to so extend the period of contractor part-time services.