Delta Electronics : Shareholders Approve NT$6.43 Dividend per Share and Board of Directors Elects Ping Cheng as New Chairman

TAIPEI, May 30, 2024- Delta Electronics, Inc.("Delta") today held its Annual General Shareholders' Meeting, in which shareholders approved, among other resolutions, the Delta's financial results of 2023 and the respective dividend for shareholders: Each one thousand shares shall receive a cash dividend of approximately NT$6,430 (approximately NT$6.43 cash dividend per share). The shareholders also elected 12 board directors, including 5 independent directors, and approved the removal of non-competition restriction for new directors.

Following the election of the new board directors, Delta held its 20th First Board Meeting, during which, current Chief Executive Officer ("CEO") Ping Cheng was officially elected as Delta's new Chairman of the Board. Mr. Cheng will continue serving as CEO. Mark Ko was re-elected as Vice Chairman.

Yancey Hai, Delta's former Chairman, said, "I joined Delta in 1999, and both my seniority and age qualify me for retirement. Delta has been cultivating its leadership team for several years, and with the next generation of leaders maturing, this is the ideal time to pass the torch. Since Mr. Ping Cheng assumed the position of CEO in 2012, he has successfully planned and executed Delta's transformation into a brand-focused company, expanding beyond components supply to become a solutions provider. Under his leadership, Delta has also developed a broad range of emerging businesses. Delta is still in a transformation stage and requires a sustainable strategic direction. Ping Cheng is familiar with all internal functions and organizational operations, and thus, his dual role as Chairman and CEO will allow seamless collaboration with the management team and senior executives to lead Delta's continuous, steady growth."

Ping Cheng, Delta's newly appointed Chairman, expressed his gratitude, saying, "I would like to thank Mr. Hai on behalf of Delta. Over his 25 years of service at Delta, Mr. Hai contributed significantly to our strategic planning and transformational development. I appreciate his decision to continue serving as a director after stepping down as Chairman. Our management team looks forward to benefiting from his wealth of experience in business operation and management. Relevant strategic and operational decisions at Delta are made through in-depth discussions within the management team. In recent years, we have enhanced overall efficiency by appointing four executive vice presidents responsible for business expansion and global operational integration. As Chairman, I will dedicate myself fully to maximizing shareholder value by working closely with Delta's management team to explore and develop more business opportunities for years to come."

The newly elected board directors of Delta for this term include Ping Cheng, Bruce Cheng, Yancey Hai, Mark Ko, Simon Chang, Victor Cheng, Shan Shan Guo, as well as independent directors Audrey Tseng, Shyue-Ching Lu, Jack J.T. Huang, Rose Tsou, and Doris Hsu, totalling 12 seats.