Yulon Finance Announces Lifting of Non-Compete Restrictions for Directors of Key Subsidiary Geshang Auto Leasing Co., Ltd.

1. Shareholders' Meeting Resolution Date: 115/08/04

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Que Yuan-Long, Chairman of Geshang Auto Leasing Co., Ltd. (2) Lin Qun-Sheng, Vice Chairman of Geshang Auto Leasing Co., Ltd. (3) Liao Jian-Shun, Deputy General Manager of Yulon Management Enterprise Co., Ltd. (4) Lai Bo-An, Deputy General Manager of Yulon Motor Finance Co., Ltd. (5) Zheng Rong-Fu, Deputy General Manager of Geshang Auto Leasing Co., Ltd.

3. Permitted Competitive Activities: Business operations in companies with the same or similar scope as the company's business

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

5. Resolution Outcome (Voting Results as per Article 209 of the Company Act): Approved as proposed, with no objections raised after the chairperson consulted all attending directors.

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

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

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

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

10. Impact on the Company's Financials and Operations: Not Applicable

11. Directors' Investment Amount and Shareholding Ratio in Such Mainland China-Based Business: Not Applicable

12. Other Matters to be Disclosed: This resolution was made by the Board of Directors exercising the authority of the shareholders' meeting.