Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions

1. Shareholders' Meeting Resolution Date: 115/06/16

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Corporate Director: Sun Zhengqiang, Representative of Taifeng Capital Co., Ltd. Corporate Director: Shen Huicheng, Former Representative of Taifeng Capital Co., Ltd.

3. Scope of Permitted Competitive Activities: Limited to activities that do not harm the company's interests.

4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company.

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): In accordance with Article 209 of the Company Act, the 115th annual shareholders' meeting held on June 16, 115, approved the lifting of additional restrictions on concurrent positions and competitive activities for the aforementioned directors, provided that such activities do not impair the company's interests.

6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable

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

8. Address of the Mainland China-Based Business: Not Applicable

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

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

11. If Directors Have Invested in Mainland China-Based Businesses, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None