Formosa Oilseed Processing Co., Ltd. announced executive changes as follows: Resume of the previous position holder: Tai Sheng Ocean Development Co., Ltd. Representative: Yeh Wen-Lung/Manager of Legal Department, Shin Tai Industry Co., Ltd. Shin Tai Industry Co., Ltd. Representative: Li Ming-Shun/Director, First Securities Inc. Name of the new position holder: Tai Sheng Ocean Development Co., Ltd. Representative: Cheng I-Chia Shin Tai Industry Co., Ltd. Representative: Wu Chin-Chuan. Resume of the new position holder: Tai Sheng Ocean Development Co., Ltd. Representative: Cheng I-Chia/Chief Internal Auditor,Shin Tai Industry Co., Ltd. Shin Tai Industry Co., Ltd. Representative: Wu Chin-Chuan/Chairman fo Shin Tai Industry Co., Ltd. Effective date of the new appointment is August 11, 2022.