The board of directors of FIH Mobile Limited announced that Mr. CHIH Yu Yang, an executive director of the Company, will be re-designated from acting chairman to chairman of the Board of the Company, effective July 1, 2024. The aforesaid re-designation would serve to provide greater stability and certainties to the Group's shareholders, customers, suppliers and other business partners as well as the market, whereas the aforesaid resignation would enable Mr. Chih to focus more on his continuous leadership for the Board and involvement in the formulation, implementation and review of the Group's strategies and business plans as well as corporate governance practices and procedures. Mr. Chih will remain as the chairman of the corporate governance committee of the Company.

CHIH Yu Yang (Mr.), Chinese (Taiwan) and aged 65, will be re-designated from acting chairman to chairman of the Board of the Company, and will resign as the chief executive officer of the Company, in both cases with effect from 1 July 2024. Mr. Chih joined the Company as an executive director in August 2009 and has acted as the chief executive officer of the Company since July 2012 and the acting chairman of the Board since January 2017. He is also the chairman of the corporate governance committee of the Company.

Mr. Chih is an executive director and the chief executive officer of Mobile Drive Netherlands B.V. (a joint venture incorporated in the Netherlands indirectly 50%-owned by the Company). He is the chairman of FIH Co. Ltd., a director of Chiun Mai Communication Systems Inc. ("CMCS") and Transluck Holding Limited (formerly known as Transworld Holdings Limited), and also a non-executive director of Bharat FIH Limited (formerly known as Rising Stars Mobile India Private Limited and then Bharat FIH Private Limited) ("BFIH"), all being subsidiaries of the Company.

Mr. Chih was the chairman of CMCS during the period from August 2018 to February 2024 and the chairman of BFIH during the period from November 2021 to January 2024 and a director of Evenwell Digitech Inc. from September 2009 to February 2024, all being subsidiaries of the Company. He was also a director of iCare Diagnostics International Co. Ltd. (a start-up company incorporated in Taiwan) from September 2020 to August 2023.

Mr. Chih joined the Group in 2005 when the Group acquired CMCS. Before joining the Group, Mr. Chih was the founder of CMCS since its establishment in 2001. Moreover, he is a director of a subsidiary and an associate of (Hon Hai Precision Industry Co.

Ltd., for identification purposes only, being the Company's ultimate controlling shareholder). He has more than 44 years of extensive experience in the communication industries and also possesses experience in risk management. From 1997 to 2000, Mr. Chih was the vice president and general manager of Communication B.U. in Acer Communications and Multimedia Inc. (now known as BenQ) where he was responsible for BenQ's cellular phone business.

Prior to that, he held various engineering and managerial positions in companies including ITT Corporation, GTE Corporation and Rockwell Semiconductor Systems. Mr. Chih obtained a Bachelor of Science degree in Electrical Engineering from National Tsing Hua University in Taiwan in 1980.