Yurong Announces Approval of Competitive Business Activities for Key Subsidiary Geshang Auto Leasing Co., Ltd.'s Executives

1. Board Resolution Date: 115/08/04

2. Names and Titles of Managers Permitted to Engage in Competitive Activities: (1) Lin Qunsheng, General Manager of Geshang Auto Leasing (Co.) Ltd. (2) Zheng Rongfu, Deputy General Manager of Geshang Auto Leasing (Co.) Ltd.

3. Permitted Competitive Activities: Business operations in companies with scopes identical or similar to the company's own business

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

5. Resolution Outcome (Voting Results as per Article 32 of the Company Act): Approved as proposed, with no objections raised after the chairperson consulted all attending directors.

6. Managers Engaging in Competitive Activities Related to Mainland China-based Enterprises (Enter 'Not Applicable' if not applicable): Not Applicable

7. Company Name and Position Held in Such Mainland China-based Enterprise: Not Applicable

8. Address of Such Mainland China-based Enterprise: Not Applicable

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

10. Degree of Impact on the Company's Financial and Business Operations: Not Applicable

11. If Managers Have Invested in Such Mainland China-based Enterprise, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None