Elite Material Co., Ltd. announced that Cheng, Duen Chian:Chairman of TGVest Capital Co., Ltd.; Sheng, Bing:Director of CTCI Corporation and Tsai, Rong Dong:Director of Golden Circuits Electronics Ltd. are replaced by Cheng, Duen Chian:Chairman of TGVest Capital Co., Ltd.; Shen, Bing:Director of OUC Corporation and Chen, Hsi-Chia:Managing Partner, Chen & Chang, Attorneys-at-Law effective 26th May, 2022.