Date of announcement  2020/02/24
Time of announcement  17:42:32
 
Date of events   2020/02/24 
To which item it meets paragraph 6
Statement 
1.Date of the board of directors resolution or date of occurrence of the change:2020/02/24
2.Type of personnel (chairman or general manager):General Manager
3.Name and resume of the replaced personnel: Mr. Alan Wang, President & CEO, China Development Financial
4.Name and resume of the new personnel: Mr. Daw-Yi Hsu, Executive Vice President, China Development Financial
5.Type of the change (please enter: “resignation”, “conge”,“tenure expired” ,“position adjustment”, “dismissal”, “retirement”,“death” or “new appointment” ):Retirement
6.Reason for the change:Retirement
7.Effective date of the new appointment: Effective upon regulatory authority's approval.
8.Any other matters that need to be specified: Approved by BOD of China Development Financial, Mr. Daw-Yi Hsu will be the acting General Manager of the Company.  Before regulatory authority's approval, Mr. Hsu will temporarily act General Manager's
position.