[Cheng Shin] Announcement on the Removal of Non-Compete Restrictions for New Directors

1. Date of shareholders' meeting resolution: 115/05/26. 2. Name and title of the director permitted to engage in competitive activities: Chen Hsiu-hsiung, representative of Hsieh-Shun Investment Co., Ltd. 3. Items of permitted competitive activities: Investing in or operating companies with the same business scope as the company, provided that the company's interests are not harmed. 4. Period of permitted competitive activities: During the term of office as a director of the company. 5. Resolution status: Approved by the 115th Annual General Meeting in accordance with Article 209 of the Company Act. 6. Name and title of the director if the permitted activity involves business in mainland China: Chen Hsiu-hsiung, representative of Hsieh-Shun Investment Co., Ltd. 7. Name and position in the mainland China business: Director of Guangxi Qinzhou Cheng Shin Industrial Co., Ltd. and Director of Cheng Shin (Xiamen) Logistics Co., Ltd. 8. Address of the mainland China business: Guangxi Qinzhou Cheng Shin Industrial: No. 26 Jiangang Rd, Qinzhou Port Economic Development Zone. Cheng Shin (Xiamen) Logistics: No. 11 Xinshun Rd, Haicang District, Xiamen. 9. Business scope of the mainland China business: Rubber parts distribution; international container transport. 10. Impact on the company's financial and business operations: The above companies are all invested by the company, and investment gains/losses are recognized according to regulations. 11. Investment amount and shareholding ratio if the director invests in the mainland China business: None. 12. Other matters: None.