Resignation of the Independent Director

AP Memory Technology Corp. (AP Memory, 6531. TW) announced two major updates today (21^st October). Firstly, Independent Director Mr. Yeh, Jui-Pin has submitted his resignation, stepping down from his roles as Independent Director, Audit Committee member, and Compensation Committee member of AP Memory. Secondly, Mr. Yeh will now serve as the representative of the corporate director, Shanyi Investment Co., Ltd.

Mr. Yeh, Jui-Pin has been AP Memory’s Independent Director since 2017. During his tenure, he also served as a member of the Audit Committee and the Compensation Committee, and since August 2021, he has been the convener of these two functional committees. Throughout his tenure, Mr. Yeh, as an Independent Director, has provided numerous outstanding and forward-looking suggestions and reminders regarding the development strategy, business policy, and corporate governance, greatly benefiting the company.

Recently, the affiliated companies of AP Memory have actively invited Mr. Yeh Jui-Pin to take up an operational position. Mr. Yeh has always deeply agreed with AP Memory’s development strategy and corporate culture. After careful consideration, Mr. Yeh decided to resign from his position as an independent director of the company before participating in the actual operations of the affiliated companies. He will now serve as the representative of the corporate director, Shanyi Investment Co., Ltd., continuing to provide valuable advice and guidance to AP Memory management team with his professional skills and extensive experience, offering professional guidance for future industry challenges.

Following Mr. Yeh, Jui-Pin’s resignation, AP Memory currently has three Independent Directors: Mr. Liu, Frank, Ms. Wang, Hsuan, and Ms. Sun, Elizabeth. These three Independent Directors will continue to uphold the spirit of corporate governance, supervising the company’s compliance and self-discipline, and assisting the company in sustainable operations and growth. Meanwhile, to maintain the strength of AP Memory’s board structure, the company plans to complete the by-election of an Independent Director as soon as possible in the near future to protect the rights and interests of all shareholders and stakeholders, promoting the company’s long-term success.