[China Chemical Holdings] Announcement from the Board of Directors Regarding the Lifting of Non-Compete Restrictions for Managers

1. Date of board resolution: 115/05/05
2. Managers and titles permitted to engage in competitive activities:
Tang Li-Chen / Deputy General Manager
Jiang Xian-Jie / Manager
3. Items permitted for competitive activities:
Deputy General Manager:
1. Director, China Chemical Pharmaceutical Co., Ltd.
2. Director, China Chemical Yu-Min Health Business Co., Ltd.
3. Supervisor, China Chemical Silver Hair Business Co., Ltd.
4. Supervisor, China Chemical Health Biotechnology Co., Ltd.
Accounting Supervisor:
1. Chief Accountant, China Chemical Pharmaceutical Co., Ltd.
2. Chief Accountant, China Chemical Yu-Min Health Business Co., Ltd.
3. Chief Accountant, China Chemical Silver Hair Business Co., Ltd.
4. Chief Accountant, China Chemical Health Biotechnology Co., Ltd.
5. Chief Accountant, China Chemical Biomedical Technology Co., Ltd.
4. Period permitted for competitive activities: During their tenure as managers of the Company.
5. Outcome of resolution (please explain voting results in accordance with Article 32 of the Company Act): Unanimously passed by all attending directors.
6. If the permitted competitive activities involve business operations in mainland China, the name and title of the manager (if not involving business operations in mainland China, please enter "Not Applicable" below): Not Applicable
7. Name and position of the company in mainland China served: Not Applicable
8. Address of the company in mainland China served: Not Applicable
9. Business scope of the company in mainland China served: Not Applicable
10. Degree of impact on the Company's financial and business operations: None
11. If managers invest in businesses in mainland China, their investment amount and shareholding ratio: Not Applicable
12. Other matters that should be specified: None
Keywords: Material Information