Jing City Approves Directors to Engage in Competing Businesses at Shareholders' Meeting

Release Date: 1150627 Announcement Date: 1150626 Announcement Time: 104910 Company Code: 2524 Company Name: Jing City Subject: Approval of Directors to Engage in Competing Businesses at the 115th Annual General Meeting Applicable Clause: Clause 21 Date of Fact: 1150626 Explanation: 1. Date of Shareholders' Meeting Resolution: 115/06/26 2. Names and Titles of Directors Approved to Engage in Competing Businesses: Cai Tianzan, Representative Director Cai Xueyun Mei, Representative Director Li Shixiong, Representative Director Chen Jinxing, Representative Director Tianlai Investment Co., Ltd., Director 3. Items Approved for Competing Businesses: Construction Development, Construction, Investment 4. Period Approved for Competing Businesses: During the current term of the directors 5. Resolution Situation (Explanation of Voting Results Based on Article 209 of the Company Law): The number of shares present represents 91.63% of the total issued shares of the company, exceeding the two-thirds required by Article 209 of the Company Law, and was passed with 99.88% of the votes cast in favor. 6. Names and Titles of Directors if the Approved Competing Businesses Relate to Mainland China Businesses (If Not Applicable, Please Enter 'Not Applicable'): Not Applicable 7. Names and Positions of Companies in Mainland China if Applicable: Not Applicable 8. Addresses of Companies in Mainland China if Applicable: Not Applicable 9. Business Items of Companies in Mainland China if Applicable: Not Applicable 10. Impact on the Company's Financial and Business Operations: The business attributes of the competing companies are different from those of the company, so the impact is not significant. 11. Investment Amount and Shareholding Ratio if Directors Invest in Mainland China Businesses: Not Applicable 12. Other Matters to be Stated: None