Yuri Automotive Shareholders Approve Relaxation of Directors' Non-Compete Restrictions

1. Date of shareholders' meeting resolution: June 26, 115

2. Names and titles of directors permitted to engage in competitive activities: (1) Yao Zhenxiang, Director (2) Xu Guoxing, Director (3) Liao Jianshun, Director (4) Tsutsumi Masao, Director (5) Ishizuka Jun, Director

3. Scope of permitted competitive activities: Companies engaged in businesses identical or similar to the company's business scope

4. Duration of permitted competitive activities: During the period of serving as a director of the company

5. Resolution outcome (voting results explained under Article 209 of the Company Act): The resolution was passed by vote at the company's annual shareholders' meeting, lifting the non-compete restrictions for the aforementioned directors on the condition that the company's interests are not harmed.

6. Directors permitted in competitive activities related to businesses in Mainland China (if not applicable, state 'Not applicable'): Not applicable

7. Company name and position held in such Mainland China business: Not applicable

8. Address of such Mainland China business: Not applicable

9. Business activities of such Mainland China business: Not applicable

10. Degree of impact on the company's financial and operational status: Not applicable

11. If any director has invested in such Mainland China business, the investment amount and shareholding ratio: Not applicable

12. Other matters to be disclosed: None