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[Formosa Oil & Fats] Announcement of Board of Directors' Election of Chairman

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Formosa Oil & Fats announced that its Board of Directors has elected a new Chairman. Mr. Wu Xingcheng, nominated by Jinmao Investment Co., Ltd., will serve as the new Chairman, succeeding Ms. Yang Shuhua (nominated by Xingtai Industrial Co., Ltd.).

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Frequently Asked Questions

Q: What is the effective date of the new Chairman's appointment at Formosa Oil & Fats?
A: The effective date of the new Chairman's appointment is April 16, 2026.
Q: Who is the newly appointed Chairman designated by Jinmao Investment Co., Ltd.?
A: Wu Xingcheng is designated by Jinmao Investment Co., Ltd. to exercise Chairman duties.
Q: What was the reason for the change in the Chairman position of the company?
A: The reason for the change in the Chairman position was a by-election.
Q: Who was the former incumbent exercising the Chairman duties before this change?
A: Yang Shuhua, designated by Xingtai Industrial Co., Ltd., was the former incumbent.
Q: What is the biography of the newly appointed Chairman Wu Xingcheng?
A: Wu Xingcheng previously served as the Vice Chairman of Formosa Oil & Fats Co., Ltd.