Chung-Sha Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors at 115th Annual Meeting

1. Shareholders' meeting resolution date: 115/06/23

2. Names and titles of directors permitted to engage in competing activities: Director: Lin Bo-Quan Director: Bai Wen-Liang Director: Hsieh Jung-Che Director: Bai Jing-Zhong Director: Li Wei-Zhang Independent Director: Chang Ching-Fu Independent Director: Hsiao Wen-Yi

3. Approved competing activities: Directors may operate businesses identical or similar to the company's business scope, provided that the company's interests are not harmed.

4. Duration of permitted competing activities: During the period in which they serve as directors of the company.

5. Resolution outcome (voting results per Company Act Article 209): Per Article 209 of the Company Act, the resolution was approved at Chung-Sha’s 115th annual shareholders' meeting on June 23, 115, lifting non-compete restrictions for directors as long as the company's interests remain protected.

6. Directors engaging in competing businesses in mainland China (enter 'Not applicable' if not applicable): Bai Jing-Zhong / Vice General Manager of the Company Li Wei-Zhang / General Manager of the Diamond Business Division, Company Spokesperson

7. Company names and positions held in mainland China-based businesses: Bai Jing-Zhong / Director, Dongguan Jinli Grinding Wheel Trading Co., Ltd. / Director, Jiangsu Jinli Materials Technology Co., Ltd. Li Wei-Zhang / Chairman, Dongguan Jinli Grinding Wheel Trading Co., Ltd. / Chairman, Jiangsu Jinli Materials Technology Co., Ltd.

8. Addresses of mainland China-based businesses: Dongguan Jinli Grinding Wheel Trading Co., Ltd.: Room 3701-02, Building 8, Chang'an Vanke Center, No. 1 Changqing South Road, Chang'an Town, Dongguan City, Guangdong Province, China Jiangsu Jinli Materials Technology Co., Ltd.: No. 19, Tengfei Road, Yixing Economic and Technological Development Zone, Wuxi City, Jiangsu Province, China

9. Business operations of mainland China-based companies: Dongguan Jinli Grinding Wheel Trading Co., Ltd.: Trading of grinding wheels and related products Jiangsu Jinli Materials Technology Co., Ltd.: Manufacturing and sales of mature-process diamond discs

10. Impact on the company's financial and business operations: None

11. If directors have invested in the mainland China-based businesses, investment amounts and shareholding ratios: None

12. Other matters to be disclosed: None