Personnel changes in senior executives at Far Eastern New Century Corporation

        Name: Peng Qingzu

        Former position: Polyester Business General Plant Manager (Senior Executive Vice President)

        Newly appointed: Polyester Business Chief Operating Officer and General Plant Manager (Senior Executive Vice President)

        Education: Master of Chemical Engineering from Tsinghua University

                Name: Zhang Bingqiu

        Former position: Polyester Business Chief Operating Officer and CEO of Intelligent Transformation Center

        Newly appointed: CEO of the Intelligent Transformation Center

        Education: Master of Industrial Engineering from Yuan Ze University

                Name: Xu Renxuan

        Former position: Secretariat Deputy Manager

        Newly appointed: Secretariat Dept. Authorized Manager

        Education: Master's degree in Natural Resources and Environmental Management from Taipei University

        #