Hua Xin Announces Board Resolution to Lift Non-Competition Restrictions for Company Executives

1. Date of Board Resolution: 115/06/29

2. Names and Titles of Executives Permitted to Engage in Competitive Activities: (1) He Xin-Yi / General Manager, Corporate Strategy and Supply Chain Management Organization (2) Massimiliano Burelli / Chief Executive Officer, Europe Region

3. Specific Competitive Activities Permitted: (1) He Xin-Yi Special Melted Products Limited: Director (2) Massimiliano Burelli Cogne Acciai Speciali S.p.A.: Chief Executive Officer and Director Advanced Manufacturing Holdings Limited: Director Advanced Manufacturing (Sheffield) Limited: Director Special Melted Products Limited: Chairman

4. Duration of Permission for Competitive Activities: During their tenure at the company

5. Voting Outcome (as per Article 32 of the Company Act): Approved unanimously by all attending directors without objection

6. Name and Title of Executive Engaging in Competitive Activities Involving Mainland China-based Business (Enter 'Not Applicable' if not applicable): Not Applicable

7. Name and Position Held in the Mainland China-based Company: Not Applicable

8. Address of the Mainland China-based Company: Not Applicable

9. Business Scope of the Mainland China-based Company: Not Applicable

10. Impact on the Company's Financial and Business Operations: None

11. Investment Amount and Shareholding Ratio if the Executive Invests in the Mainland China-based Company: Not Applicable

12. Other Matters to be Disclosed: None