Hotung Investment Holdings appoints Chang-Pang Chang as Director

Mr Chang was Vice Minister of Economic Affairs Deputy Minister of Finance prior to 2000.

The Board of Hotung Investment Holdings annouced the appointment of Chang-Pang Chang as Director.

As stated in the Notice of Annual General Meeting of March 30, 2012 issued by the Company, Mr. Chang-Pang Chang was proposed for appointment as director of the Company pursuant to By-law 97 of the Company by the Board. As such proposed appointment of Mr. Chang-Pang Chang as director of the Company was made pursuant to Bye-law 97 of the Company which requires that such proposed appointment be referred to shareholders in general meeting. The Nominating Committee of the Company had reviewed the curriculum vitae of Mr. Chang-Pang Chang and has delivered its recommendation through the Board, according to a Hotung Investment Holdings report.

Mr Chang, 65, is the President of Global Investment Holding Co., Ltd. from March 2006 to present. Prior to this he was Chairman of Fuhwa Securities Investment Trust Co., Ltd. from June 2005 to February 2006 and Deputy Secretary General, Central Committee of KMT from February 2003 to August 2005.