Announcement to approve the lifting of non-competition restrictions for directors at the 2021 Annual General Meeting

1. Date of the shareholders’ meeting resolution: July 16, 2021
2. Name and title of the managerial officer with permission to engage in competitive conduct:
Independent Director: Howard Lee
Director: Yen Yun (Sheng Cheng Investment Co., Ltd. representative)
Director: Frank Chen (Sheng Cheng Investment Co., Ltd. representative)
3. Items of competitive conduct in which the officer is permitted to engage: business items that are in the scope of business similar to company’s operation
4. Period of permission to engage in the competitive conduct: during the time as company’s director
5. Circumstances of the resolution (please describe the results of voting in accordance with Article 209 of the Company Act): the resolution was adopted by a large majority of two thirds of the shareholders of whom have voting rights and were present at the Annual General Meeting
6. If the permitted competitive conduct belongs to the operator of a mainland China enterprise, the name and title of the directors (if it is not the operator of a mainland China enterprise, please enter “N/A” below): N/A
7. Company name of the mainland China enterprise and the officer’s position in the enterprise: N/A
8. Address of the mainland China enterprise: N/A
9. Operations of the mainland China enterprise: N/A
10. Impact on the company’s finance and business: N/A
11. If the directors have invested in the mainland China enterprise, the monetary amount of the investment and their shareholding ratio: N/A
12. Any other matters that need to be specified: None