TECO Electric & Machinery Co., Ltd. announced the board of directors elected a new chairman. Name of the previous position holder: Chwen-Jy, Chiu; Resume of the previous position holder: Chairman of TECO Electric & Machinery Co.,Ltd. Name of the new position holder: Ming-Shien Li; Resume of the new position holder: Chairman of China Trust Commercial Bank. Effective date of the new appointment is May 31, 2024.