Bao Lai Lifts Competition Restrictions for New Directors

Release Date: 1150627 Announcement Date: 1150626 Announcement Time: 14:15:52 Company Code: 1805 Company Name: Bao Lai Subject: The 115th Annual General Meeting of Shareholders of our company passed a resolution to lift competition restrictions for new directors and their representatives. Applicable Clause: Clause 21 Date of Fact: 1150626 Explanation: 1. Shareholders' Meeting Resolution Date: 115/06/26 2. Names and Titles of Directors Allowed to Engage in Competitive Behavior: Director: Representative of Po Chuan Advertising Co., Ltd.: Lin Rui Shan Director: Representative of Po Chuan Advertising Co., Ltd.: Li Zhong Shu Director: Representative of Po Chuan Advertising Co., Ltd.: Su Li Yu Director: Representative of Chung Jung Asset Management Co., Ltd.: Zhang Chun Gui Director: Representative of Chung Jung Asset Management Co., Ltd.: Zheng Yuan Kai Independent Director: Dai Jia Wei Independent Director: Lin Dong Qiao Independent Director: Ma Zai Qin 3. Items Allowed for Competitive Behavior: Investment and management in businesses similar to the company's business scope 4. Period Allowed for Competitive Behavior: During the tenure as a director of the company 5. Resolution Situation (Explanation of Voting Results Based on Company Law Article 209): The above matter was passed at the 115th Annual General Meeting of Shareholders of our company. 6. Names and Titles of Directors (If not applicable to mainland China business, please enter 'Not Applicable'): Not Applicable 7. Names and Positions of Companies Undertaken in Mainland China: Not Applicable 8. Addresses of Companies Undertaken in Mainland China: Not Applicable 9. Business Items of Companies Undertaken in Mainland China: Not Applicable 10. Degree of Impact on Company's Financial Business: None 11. Investment Amount and Shareholding Ratio if Directors Invest in Mainland China Businesses: Not Applicable 12. Other Matters to be Stated: None