[Matsukawa Precision] Important subsidiary Taixing Electronics Enterprise Co., Ltd. Announces Removal of Non-Compete Restrictions for New Directors and Their Representatives

1. Date of shareholders' meeting: 115/06/08 2. Names and positions of directors permitted to engage in competing activities: (1) Corporate director: Representative of Yisheng Investment Co., Ltd. Wu Songren (2) Corporate director: Representative of Yisheng Investment Co., Ltd. Wang Chuanshi (3) Corporate director: Representative of Yisheng Investment Co., Ltd. You Yonggui (4) Corporate director: Representative of Yisheng Investment Co., Ltd. Lin Wanxing (5) Corporate director: Representative of Yisheng Investment Co., Ltd. Zhang Wenqin 3. Items of permitted competing activities: Removal of non-compete restrictions for new directors provided that the interests of Taixing Electronics Enterprise Co., Ltd. are not harmed. 4. Period of permission: During the tenure as directors and representatives of Taixing Electronics Enterprise Co., Ltd. 5. Resolution (voting result in accordance with Article 209 of the Company Act): The proposal was passed with the attendance of shareholders representing more than two-thirds of the total issued shares and the consent of more than half of the voting rights of the attending shareholders. 6. If the permitted competing activities involve businesses in mainland China, names and positions of directors (if not applicable, enter "Not applicable"): (1) Corporate director: Representative of Yisheng Investment Co., Ltd. Wu Songren (2) Corporate director: Representative of Yisheng Investment Co., Ltd. Wang Chuanshi (3) Corporate director: Representative of Yisheng Investment Co., Ltd. Lin Wanxing 7. Names and positions in the mainland China businesses: (1) Corporate director: Representative of Yisheng Investment Co., Ltd. Wu Songren Chairman of Xiamen Shengtian Enterprise Co., Ltd. (2) Corporate director: Representative of Yisheng Investment Co., Ltd. Wang Chuanshi Chairman of Matsukawa (Xiamen) Precision Electronics Co., Ltd. Chairman of Shanghai Matsukawa Precision Electronics Co., Ltd. Chairman of Xiamen Taisong Precision Electronics Co., Ltd. (3) Corporate director: Representative of Yisheng Investment Co., Ltd. Lin Wanxing Corporate director representative of Taijing (Ningbo) Electronics Co., Ltd. Corporate director representative of Chongqing Zhongyang Property Co., Ltd. 8. Addresses of the mainland China businesses: (1) Xiamen Shengtian Enterprise Co., Ltd.: Shengtian Technology Building, No. 2 Huasheng Road, Huli District, Xiamen (2) Matsukawa (Xiamen) Precision Electronics Co., Ltd.: No. 6 Huasheng Road, Huli District, Xiamen (3) Shanghai Matsukawa Precision Electronics Co., Ltd.: No. 21, Lane 1288, Luoning Road, Baoshan District, Shanghai (4) Xiamen Taisong Precision Electronics Co., Ltd.: 1st Floor, No. 4 Huasheng Road, Huli District, Xiamen (5) Taijing (Ningbo) Electronics Co., Ltd.: No. 189 Huangshan West Road, Beilun District, Ningbo, Zhejiang Province, China (6) Chongqing Zhongyang Property Co., Ltd.: No. 22 Fengsheng Road, Jiulongpo District, Chongqing, China 9. Business items of the mainland China businesses: (1) Xiamen Shengtian Enterprise Co., Ltd.: Leasing of self-owned factory buildings (2) Matsukawa (Xiamen) Precision Electronics Co., Ltd.: Manufacture and sale of relays and parts thereof (3) Shanghai Matsukawa Precision Electronics Co., Ltd.: Sale of relays and parts thereof (4) Xiamen Taisong Precision Electronics Co., Ltd.: Communication equipment manufacturing, communication equipment sales, and non-residential real estate leasing (5) Taijing (Ningbo) Electronics Co., Ltd.: R&D, production, and sale of quartz component products and other related electronic components (6) Chongqing Zhongyang Property Co., Ltd.: Property development 10. Impact on the company's financial and business operations: None 11. If directors have investments in the mainland China businesses, investment amount and shareholding ratio: (1) Corporate director: Representative of Yisheng Investment Co., Ltd. Lin Wanxing Taijing (Ningbo) Electronics Co., Ltd.: Investment amount USD 77,241,343, shareholding ratio 100%. Chongqing Zhongyang Property Co., Ltd.: Investment amount RMB 150,000,000, shareholding ratio 100%. 12. Other matters to be stated: Taixing Electronics Enterprise Co., Ltd. is organized by a single corporate shareholder, and the functions of the shareholders' meeting are exercised by the board of directors.