[Haihua] Announcement of the Board of Directors' Resolution to Lift Managerial Non-Compete Restrictions

1. Date of Board Resolution: 115/05/12 2. Name and Title of Manager Permitted to Engage in Competitive Activities: Zheng Guangzhi, General Manager & CEO 3. Scope of Permitted Competitive Activities: Permitted to engage in competitive activities, provided that it does not harm the interests of the Company. 4. Duration of Permitted Competitive Activities: During the period of his tenure as a manager of the Company. 5. Resolution Details (Explain voting results in accordance with Article 32 of the Company Act): Unanimously approved by all attending directors. 6. Name and Title of Manager Permitted to Engage in Competitive Activities in Mainland China (or 'Not Applicable' if not for mainland China business): Not Applicable 7. Name of Company and Position Held in Such Mainland China Business: Not Applicable 8. Address of Such Mainland China Business: Not Applicable 9. Business Items of Such Mainland China Business: Not Applicable 10. Impact on the Company's Financial and Business Operations: None 11. If the Manager Engages in Investment in Such Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable 12. Other Matters to be Notified: None Keywords: Material Information