[Baihe Industrial-KY] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for Directors and Representatives

1. Date of shareholders' meeting resolution: 115/05/26 2. Names and titles of directors permitted to engage in competitive activities: (1) Director Zheng Guohuoyin, (2) Representative of Baihe International Co., Ltd.: Huang Shizhao (Corporate Director), (3) Director Zheng Xinlong. 3. Items of permitted competitive activities: (Detailed list of positions in various companies including Dongguan Baihe Business Services, Jiangsu Baihong Composite Materials, etc.) 4. Period of permission: During the term of office as a director of the company. 5. Resolution status: Approved by more than two-thirds of the voting rights of shareholders present at the meeting where more than half of the total issued shares were represented. 6. Directors involved in mainland China business: All three mentioned above. 7. Positions held in mainland China: (Detailed list provided). 8. Addresses of mainland China businesses: (List of locations in Beijing, Shandong, Jiangsu, Guangdong, and Shanghai). 9. Business scope of mainland China entities: Wholesale/retail of sports goods, textiles, real estate development, manufacturing of hook-and-loop fasteners, and production of masks/non-woven products. 10. Impact on company's financial and business operations: Not significant. 11. Investment amount and shareholding ratio in mainland China businesses: None. 12. Other disclosures: None.