Shanghai Commercial Bank Announces Shareholders' Meeting Approval to Lift Director's Non-Competition Restriction

1. Shareholders' meeting resolution date: 115/06/12

2. Name and title of director permitted to engage in competitive activities: Jung Kang-Hsin / Vice Chairman

3. Permitted competitive activities: Engaging in business operations at companies with the same or similar scope as the company's business

4. Duration of permitted competitive activities: Throughout the period serving as director of the company

5. Resolution outcome (voting results per Article 209 of the Company Act):

Votes in favor: 2,870,401,926

Votes opposed: 2,776,495

Invalid votes: -

Abstentions / Non-votes: 182,895,302

Total voting rights of attending shareholders: 3,056,073,723

6. Director's name and title if the permitted competitive activity involves businesses in Mainland China (enter 'Not Applicable' if not applicable): Not Applicable

7. Company name and position held in such Mainland China business: Not Applicable

8. Address of such Mainland China business: Not Applicable

9. Business scope of such Mainland China business: Not Applicable

10. Degree of impact on the company's financial and business operations: Not Applicable

11. If the director has invested in such Mainland China business, investment amount and shareholding ratio: Not Applicable

12. Other matters to be disclosed: None