Announcement for the change of President

1.Date of the board of directors resolution or date of occurrence of the change: 2025/06/13
2.Position (Please enter chairperson or president/general manager): Chairperson
3.Name of the previous position holder: Mr. Kung-Yeun Jeng
4.Resume of the previous position holder: Chairman and President, Taiwan High Speed Rail Corporation. 
5.Name of the new position holder: Mr. Hui-Yui, Chen
6.Resume of the new position holder: Operation Senior Vice President, Taiwan High Speed Rail Corporation. 
7.Circumstances of change (Please enter "resignation", "dismissal", "term expired" , "job relocation", "severance", "retirement", 
  "death" or "new appointment"): New appointment
8.Reason for the change: Retirement of Mr. Kung-Yeun Jeng, Appointed Mr. Hui-Yui, Chen as President. And concurrently as Operation
    Senior Vice President.
9.Effective date of the new appointment: 2025/06/13.
10.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 6 of the Securities
     and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public
     companies.): According to the resolution of the Board of Directors on June 13th, 2025.