Taisei Steel Approves Removal of Non-Compete Restrictions for New Directors at 115th Annual Shareholders' Meeting

1. Shareholders' Meeting Resolution Date: 115/06/16

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Hsieh Li-Yun, Director (Representative of Wei-Yi Investment Co., Ltd.) (2) Hsieh Jung-Kun, Director (Representative of Da-Ying-Cheng Investment Co., Ltd.) (3) Tsai Yung-Yu, Director (4) Tsai Chao-Chin, Director (5) Ou Yi-Lan, Director (Representative of Li-Chih Investment Co., Ltd.) (6) Hsieh Ni-Yi, Director (7) Tu Shih-Hsien, Director (8) Lin Mei-Feng, Director (Representative of Taipei City Lin Fang-Jin Social Welfare & Charity Foundation) (9) Lan Hsien-Ming, Independent Director (10) Liang Ji-Yen, Independent Director (11) Lee Pei-Ling, Independent Director (12) Fang Yen-Ting, Independent Director

3. Permitted Competitive Activities: Business operations similar to the company's scope

4. Duration of Permitted Competitive Activities: Term of appointment

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved by shareholders' meeting to lift non-compete restrictions for directors.

6. Directors Engaging in Competitive Activities with Mainland China-Based Enterprises (Enter 'Not Applicable' if not applicable): (1) Hsieh Li-Yun, Chairman (Representative of Wei-Yi Investment Co., Ltd.) (2) Hsieh Jung-Kun, Director (Representative of Da-Ying-Cheng Investment Co., Ltd.)

7. Company Names and Positions Held in Mainland China-Based Enterprises: (1) Hsieh Li-Yun, Chairman of Wei-Yi Investment Co., Ltd., concurrently serves as: Chairman of Shijiazhuang Taisei Ji-Tai Machinery Co., Ltd. Director of Taisei Steel (Hong Kong) Co., Ltd. (2) Hsieh Jung-Kun, Director of Da-Ying-Cheng Investment Co., Ltd., concurrently serves as: Director and General Manager of Shijiazhuang Taisei Ji-Tai Machinery Co., Ltd.

8. Addresses of Mainland China-Based Enterprises: Shijiazhuang Taisei Ji-Tai Machinery Co., Ltd. - No. 26 Fengchan Road, Shijiazhuang Economic & Technological Development Zone, Hebei Province, China Taisei Steel (Hong Kong) Co., Ltd. - RM 1902, 19/F LEE GARDEN ONE, 33 HYSAN AVENUE, CAUSEWAY BAY, HONG KONG

9. Business Operations of Mainland China-Based Enterprises: Shijiazhuang Taisei Ji-Tai Machinery Co., Ltd. - Manufacturing and sales of stainless steel valves and stainless steel precision casting products Taisei Steel (Hong Kong) Co., Ltd. - General trading business

10. Impact on Company's Financial and Business Operations: No impact.

11. If Directors Have Invested in Mainland China-Based Enterprises, Investment Amount and Shareholding Ratio: Not applicable.

12. Other Matters to Be Disclosed: None.