Kuo Toong International To release Directors from non-competition restrictions on the Shareholder's meeting.

 To release Directors from non-competition
restrictions on the Shareholder's meeting.

1.Date of the shareholders' meeting resolution:2022/06/09
2.Name and title of the managerial officer with permission
 to engage in competitive conduct:
Institutional directors:
(1)Hong Ya-Man(Representative of Tong-Chuan Industry Co., Ltd)/
Chairperson of Kuo Toong Int'l Co.,Ltd.
(2)Lo Wei-Jer (Representative of Tong-Chuan Industry Co., Ltd)
(3)Chou Huang-Tsan(Representative of Tong-Chuan Industry Co., Ltd)
Independent directors:
(4)Independent director: Wang Sen-Rong
(5)Independent director: Cheng Shuenn-Ren
(6)Independent director: Wu Yen-Chiu
3.Items of competitive conduct in which the officer is
permitted to engage:
Investing in or managing a third party operating in a scope of business
similar to that of the Company.
4.Period of permission to engage in the competitive conduct:
For the duration 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):
The proposal has been passed by two thirds or more vote of the shareholders
present in a meeting attended by shareholders representing one half of
the shares outstanding.
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