2022 Annual General Meeting has approved to release the newly elected Director from non-competition restrictions

 2022 Annual General Meeting has approved
to release the newly elected Director from
non-competition restrictions

1.Date of the shareholders meeting resolution:2022/05/27
2.Name and title of the director with permission to engage in competitive
  conduct:
 Directors:
  Tatung Tong Transportation (Co., Ltd.) represented
  by Mr.Lin Hong-Nian and Ms.Lin Jun-Ling
  Representative: Mr. Zhou Mu-hao, Mr.Hsu Guang-Da
  Representative: Mr. Wu Ching-Chuan , Mr.Lin Tzu-Chieh
  Ben Yuan Railroad Transportation(Co., Ltd.)Representative:
  Mr.Lin Hong-ying, Mr.Lin Wen-bo
Independent Directors:
  Mr.Wang Zi-qiang, Mr.Liao Pei-An , Mr.Hsieh Chi-Kin
3.Items of competitive conduct in which the director is permitted to engage:
  Engaging in business that are within or similar
  to the business scope of the Company.
4.Period of permission to engage in the competitive conduct:
 During the tenure of the aforementioned Directors
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
 This proposal has been submitted for approval
 by the Annual General Meeting resolution on May 27, 2022.
 With the premise that Directors do not have conflicts
 to the interests of the Company, the non-competition
 restrictions on newly-elected directors is released.
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:None
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