【Taihu】Announcement of the Company's 115th Annual Shareholders Meeting Passing the Resolution to Lift the Restriction on New Directors' Competitive Behavior

1. Date of Shareholders Meeting Resolution: 115/06/23 2. Names and Titles of Directors Allowed to Engage in Competitive Behavior: (1) Director: Fuli Investment (Inc.) (2) Director: Representative of Fuli Investment (Inc.): Wu Jiaxun (3) Director: Representative of Baoli Investment (Inc.): Li Dongying (4) Director: Li Junyoung (5) Director: Zhao Yinan (6) Independent Director: Fan Hongshu (7) Independent Director: Wu Shoulu 3. Items of Allowed Competitive Behavior: Management behavior of a company with the same or similar business scope as the company. 4. Period of Allowed Competitive Behavior: During the term of office. 5. Resolution Situation (Explanation of Voting Results Based on Article 209 of the Company Law): This case was passed with more than half of the total issued shares represented by shareholders present, and more than two-thirds of the voting rights of the attending shareholders agreed. 6. Names and Titles of Directors (Enter 'Not Applicable' if Not a Mainland China Business Operator): Not Applicable. 7. Names and Positions of Mainland China Business Companies: Not Applicable. 8. Address of Mainland China Business: Not Applicable. 9. Business Items of Mainland China Business: Not Applicable. 10. Degree of Impact on Company's Financial Business: Not Applicable. 11. Amount of Investment and Shareholding Ratio if Directors Invest in Mainland China Business: Not Applicable. 12. Other Matters to be Stated: None.