Wah Mao (5292) Approves Waiver of Non-Compete Restrictions for Director at Shareholder Meeting

Announcement Date: May 20, 115 Company Code: 5292 Company Name: Wah Mao

Subject: Announcement of shareholder meeting resolution to waive non-compete restrictions for new directors.

1. Date of shareholder meeting resolution: May 20, 115 2. Name and title of the director permitted to engage in competitive business: Director Chen Lun-ching 3. Items permitted for competitive business: - Chairman, Chuchin Investment Co., Ltd. - Chairman, Chulun Investment Co., Ltd. 4. Duration of permission: Same as the term of the 14th Board of Directors 5. Resolution status: Approved by vote, with 95.42% of the total voting rights of shareholders present in favor. 6. For competitive activities involving businesses in Mainland China: Not applicable. 7. Name and position held in Mainland China business: Not applicable. 8. Address of Mainland China business: Not applicable. 9. Business scope in Mainland China: Not applicable. 10. Impact on company's financial and business affairs: Not applicable. 11. Investment amount and shareholding ratio in Mainland China business: Not applicable. 12. Other items to be stated: None.