Yuan Ling Announces Key Resolutions from 115th Annual General Meeting

1. Date of Annual General Meeting: June 29, 115

2. Important Resolution One, Profit Distribution or Loss Allocation: Approved the proposal for allocation of losses for the 114 fiscal year.

3. Important Resolution Two, Amendments to Articles of Incorporation: None

4. Important Resolution Three, Business Operations Report and Financial Statements: Approved the proposal to adopt the 114 fiscal year business operations report and financial statements.

5. Important Resolution Four, Election of Directors and Supervisors: Approved the proposal for the comprehensive renewal of directors and independent directors.

6. Important Resolution Five, Other Matters: (1) Approved the proposal for private placement issuance of common shares. (2) Approved the proposal to lift non-compete restrictions for the company’s newly appointed directors and their representatives.

7. Other Matters to be Disclosed: None