Cathay Consolidated, Inc. announced death and dismissal of Independent Director and the Audit Committee and the Remuneration Committee. Date of occurrence of the change: October 15, 2023. Name of the functional committees: Independent Director and Audit Committee and the Remuneration Committee.

Name of the previous position holder: Independent director of the company /Chen Xian-Zhi Resume of the previous position holder: The Company Audit Committee and the Remuneration Committee. Circumstances of change: death. Any other matters that need to be specified: The Company was informed of the unfortunate death of Mr. Chen Xianzhi, a member of the Audit Committee and Remuneration Committee, on 2023/10/15, and hereby makes an announcement.