Yungtay Engineering Co., Ltd. announced that on January 18, 2019, the interim board of directors passed the setting up of the review committee and elected independent director Ching Yu Liao, independent director Yung Ming Hsieh, and independent director Shih Yang Chen as members of the review committee. The review committee shall investigate and review the identification and financial condition of the Hitachi Elevator Taiwan Co., Ltd., the fairness of the tender offer conditions, and reasonableness of the source of the tender offer funds. Committee will conduct a review and make a public announcement of the results in accordance with the law.