All TWT Personnel:

You will be pleased to learn that, effective April 1, Mr. Chi-wei Huang has been appointed Vice President of the company. He will replace Mr. Da-de Wu, who is retiring next month after 30 years of invaluable contributions to Taiwan Trade.

Mr. Doe will be concurrently serving as Director of the International Division until further notice. In the meantime, we hope that you will all give Mr. Huang the same loyal support and cooperation which you gave to Mr. Wu during his tenure of office. Thank you.

Personnel Dept.
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