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

1. Date of shareholders' meeting resolution: 115/06/12 2. Names and titles of directors permitted to engage in competing activities: Zhang Qingkui, Director Guo Wenkai, Director Cai Zongyan, Director Zhu Zhongqiang, Director Lin Qingliang, Director Yu Zukang, Independent Director Chen Yifeng, Independent Director 3. Scope of permitted competing activities: Companies engaged in businesses identical or similar to the company's business scope 4. Duration of permitted competing activities: During the period of serving as a director of the company 5. Resolution outcome (voting results as per Article 209 of the Company Act): The resolution was approved by a majority of voting rights held by shareholders present, with shareholders representing more than two-thirds of the issued shares in attendance 6. Names and titles of directors engaging in businesses in Mainland China (if not applicable, state '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. Impact on the company's financial and business operations: None 11. If directors have invested in such Mainland China business, the investment amount and shareholding ratio: Not applicable 12. Other matters to be disclosed: None Keywords: Material Information