Board of directors of the company waived subscription rights exceeding half of the total subscribable shares. Shares to be subscribed by designated persons

  1. Date of occurrence of the event: Jun 10, 2019
  2. Reason for the forfeiture of subscription rights by the directors and supervisors: Overall investment strategy and financial planning considerations.
  3. Names of the directors and supervisor, number of shares forfeited, and their ratio to total subscribable shares:
    (1)Director: Yi Tai Investment Co., Ltd.
    Waived: 1,674,226 shares, ratio to total subscribable shares: 100%
    (2)Director: Sheng Cheng Investment Co., Ltd.
    Waived: 0 share, ratio to total subscribable shares: 0%
    (3)Independent Director: Jerry Fong, Tony Chang and Taychang Wang do not hold any existing share thus no subscribable share is allotted.
  4. Name(s) of the specific person(s) and number(s) of shares subscribed: All shares waived by above directors have been distributed to designated persons based on the issued price.
  5. Any other matters that need to be specified: none