Taiwan Navigation Co., Ltd. announced the change in representative of the company's institutional director. The company appointed Lee, Ming-Hui, Chief Commercial Officer of Yang Ming Marine Transport Corp., in place of Chang, Chao-Feng, Chief Commercial Officer & Senior V.P. of Yang Ming Marine Transport Corp., as institutional director of the company. The reason for the change: Yang Ming Marine Transport Corp.

assigned a new representative to serve as institutional director. The original term July 12, 2021, to July 11, 2024. The effective date of the new appointment is June 1, 2023.