Chaofeng Announces Board Resolution to Lift Non-Compete Restriction on Executive

1. Board Resolution Date: 115/07/31 2. Name and Title of Executive Permitted to Engage in Competitive Activities: Chi You-Chang, General Manager 3. Permitted Competitive Activity: Serving as Chairman of Tek-Group Technology Inc. 4. Duration of Permitted Competitive Activity: During the period of serving as an executive of the company 5. Resolution Outcome (Voting Results per Article 32 of the Company Act): Except for Director Chi You-Chang, who recused himself due to conflict of interest and did not participate in the discussion, all other attending directors (including those by proxy) approved without objection 6. Name and Title of Executive if the Permitted Activity Involves Business Operations in Mainland China (Enter 'Not Applicable' if not): Not Applicable 7. Name and Position Held in the Mainland China-Based Company: Not Applicable 8. Address of the Mainland China-Based Company: Not Applicable 9. Business Scope of the Mainland China-Based Company: Not Applicable 10. Impact on the Company's Financial and Operational Performance: None 11. If the Executive Has Invested in the Mainland China-Based Company, Investment Amount and Shareholding Ratio: None 12. Other Matters to be Disclosed: None