2022 annual shareholders meeting Approved the Release of non-competition restrictions for appointed directors and their representatives of the company.

 2022 annual shareholders meeting Approved the
Release of non-competition restrictions for appointed
directors and their representatives of the company.

1.Date of the shareholders meeting resolution:2022/06/28
2.Name and title of the director with permission to engage in competitive
  conduct:
Directors:
(1)LC Rainbow Investment Co., Ltd. Representative-Lee Wentsao
(2)LC Rainbow Investment Co., Ltd. Representative-Lee Yaochung
(3)LC Rainbow Investment Co., Ltd. Representative-Lee Yaomin
3.Items of competitive conduct in which the director is permitted to engage:
Directors:
(1)LC Rainbow Investment Co., Ltd. Representative-Lee Wentsao:
Director of Ciaohong Investment Co., Ltd.
Corporate Director Representative of Hong Sing Construction Co., Ltd.
(2)LC Rainbow Investment Co., Ltd. Representative-Lee Yaochung:
Chairman of Lian Hong Investment Limited.
Director of Jut Chong Hong Development Co., Ltd.
Corporate Director Representative of New Times Square Co., Ltd.
Supervisor of Hong Ding Development Co., Ltd.
(3)LC Rainbow Investment Co., Ltd. Representative-Lee Yaomin:
Chairman of Lian Hong Construction Co., Ltd.
Director of Ciaohong Investment Co., Ltd.
Director of Jut Chong Hong Development Co., Ltd.
Director of Jut Chong Hong Construction Co., Ltd.
Corporate Director Representative of Hong Sing Construction Co., Ltd
Chairman of ChenYao Investment Co., Ltd.
4.Period of permission to engage in the competitive conduct:
Period of serving as a director of the Company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
Upon the presence of more than two-thirds of the shareholders of the total
number of issued shares, with the consent of more than half of the voting
rights of the present shareholders.
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
"N/A" below):N/A
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:N/A
8.Address of the mainland China area enterprise:N/A
9.Operations of the mainland China area enterprise:N/A
10.Impact on the company's finance and business:N/A
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:N/A
12.Any other matters that need to be specified:None.