Announcement to Permit Competitive Conduct by Officers

Announcement on Re-election of Board of Directors at the 2019 Annual General Meeting
June 27, 2019
Company’s Board of Directors nominated Michael Chang to serve as the Chairman of the Board
June 27, 2019
  1. Date of the board of directors resolution: Jun 27, 2019
  2. Name and title of the managerial officer with permission to engage in competitive conduct:
    Director       Tamon Tseng, Representative of Yi Tai Investment Co., Ltd.
    Director       Michael Chang, Representative of Yi Tai Investment Co., Ltd.
    Director       Lung-Yeh Cho, Representative of Sheng Cheng Investment Co., Ltd.
    Director       Frank Chen, Representative of Sheng Cheng Investment Co., Ltd.
    Independent Director Jerry G. Fong
    Independent Director Chung-Ming Chang
    Independent Director TayChang Wang
  3. Items of competitive conduct in which the officer is permitted to engage: Business items within the same business scope of the company.
  4. Period of permission to engage in the competitive conduct: During the period as director of the company.
  5. Circumstances of the resolution (please describe the results of the voting under Article 32 of the Company Act): Approved by more than half of the participants at the Annual General Meeting with shareholders possessing more than two-thirds of the total number of shares issued voted.
  6. If the permitted competitive conduct is business of a mainland China area enterprise, the name and title of the managerial officer (if it is not business of a mainland China area enterprise, please enter “not applicable” below): N/A
  7. Company name of the mainland China area enterprise and the officer’s position in the enterprise: N/A
  8. Address of the mainland China area enterprise: N/A
  9. Business items of the mainland China area enterprise: N/A
  10. Degree of effect on the Company’s finances and business: N/A
  11. If the managerial officer has invested in the mainland China area enterprise, the monetary amount of the officer’s investment and the officer’s shareholding ratio: N/A
  12. Any other matters that need to be specified: None