ITEQ Corporation announced resignation of Shih-Fang Cheng and Jin-Yuan Wang as Institutional director, with effect from August 1, 2022. The Company, on August 1, 2022 received the resignation letter from legal representatives of Fu-Cun Development Co. Ltd. The institutional director will resign from its duty starting from August 1, 2022.

The dismissal of legal representatives (Shih-Fang Cheng and Jin-Yuan Wang) will also take effect from the same date.