Hsing Fu Fa Announces Shareholder Meeting Resolution to Lift Non-Competition Restriction for New Director Representative

1. Shareholder Meeting Resolution Date: June 17, 115

2. Name and Title of Director Permitted to Engage in Competitive Activities: Representative of Tien Yuan Investment Co., Ltd.: Zheng Xiu-Hui, Representative Director (Corporate Director)

3. Permitted Competitive Activities: - Chairman, Hsing Jih Sheng Investment Co., Ltd. - Chairman, Run Ying Investment Co., Ltd. - Chairman, Feng Yau Investment Co., Ltd. - Chairman, Feng Sheng Investment Co., Ltd. - Chairman, Nautilus Smile Investment Co., Ltd. - Chairman, Tien Yuan Investment Co., Ltd. - Director, Min Jung Weaving Factory Co., Ltd. - Director, Hotel King Wang Co., Ltd. - Director, Lü Yang Investment Co., Ltd.

4. Duration of Permitted Competitive Activities: During tenure as director of the company

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): This proposal was approved as submitted, with shareholders representing more than one-half of the issued shares in attendance, and more than two-thirds of the voting rights of attending shareholders voting in favor.

6. Director’s Name and Title if Permitted Competitive Activity Involves Business Operations in Mainland China (Enter 'Not Applicable' if not applicable): Not Applicable

7. Name and Position Held in Such Mainland China-Based Enterprise: Not Applicable

8. Address of Such Mainland China-Based Enterprise: Not Applicable

9. Business Scope of Such Mainland China-Based Enterprise: Not Applicable

10. Impact on the Company's Financial and Operational Performance: None

11. If the Director Has Invested in Such Mainland China-Based Enterprise, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None