[Hotai Motor] Announcement of Shareholder Resolution to Waive Non-Compete Restrictions for Directors

1. Date of shareholders' meeting resolution: 2026/05/27 2. Name and title of the directors permitted to engage in competitive behavior: Chairman Huang Nan-Kuang, Vice Chairman Su Chun-Hsing, Director Mizushina Masayuki 3. Items of competitive behavior permitted: Concurrent service in businesses within the same scope as the Company due to business needs. 4. Period of permitted competitive behavior: During the term of office as a director of the Company. 5. Resolution status: Approved by a majority of the voting rights of shareholders present, with more than two-thirds of the total issued shares represented. 6. If the permitted competitive behavior involves business in Mainland China, name and title: Not applicable 7. Name and position in the Mainland China entity: Not applicable 8. Address of the Mainland China entity: Not applicable 9. Business items of the Mainland China entity: Not applicable 10. Impact on the Company's financial and business operations: No impact 11. Investment amount and shareholding ratio in the Mainland China entity: Not applicable 12. Other matters: None