Hsinchu, Taiwan — April 21, 2022 — CoreTech System Co., Ltd. (Moldex3D) announced the appointments of Dr. David Hsu as its new Chairman, and Dr. Venny Yang as the new Chief Executive Officer effective April 19, 2022. Dr. Rong-Yeu Chang, founder of CoreTech System, announced his resignation as Chairman and CEO, and assumed new roles as Honorary Chairman and Chief R&D Consultant.

Under Dr. Rong-Yeu Chang’s leadership, Moldex3D has established a rock-solid foundation and realized great success in product quality, brand awareness, and business expansion. His contribution is well acknowledged. Today, Dr. David Hsu and Dr. Venny Yang, former deputy CEOs and students of Dr. Chang, became the new Chairman and CEO who will carry on the abundant experiences of their predecessor and teacher. “Moldex3D has been committed to providing the most advanced molding simulation technology, investing in research and development, and helping enterprises to pursue digital transformation,” said Dr. Chang. With confidence, he entrusts the new Chairman and CEO to build upon these objectives and their respective prowess to take Moldex3D to the next level. As the Honorary Chairman and Chief R&D Consultant, Dr. Chang will continue to assist Moldex3D in strengthening its capabilities and talents in R&D with his three-decade-long ample experiences.

Dr. David Hsu and Dr. Venny Yang expressed their gratitude towards Dr. Chang’s mentorship and guidance over the past years. Holding the corporate culture of integrity and reliability, they look forward to building a better working environment and visions. With the core values of molding simulation and the incorporation of the concept of “Digital Twin” and material big data, Dr. David Hsu and Dr. Venny Yang aim at shaping Moldex3D into a world-class professional enterprise with state-of-the-art expertise.