1. Shareholders Meeting Resolution Date: 115/06/26

2. Name and Title of Director Permitted to Engage in Competitive Activities: Director: He Shijun / Director of the Company

3. Nature of Permitted Competitive Activities: He Shijun - Mao Hong Information Technology (Shanghai) Co., Ltd. / Executive Director

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

5. Resolution Details (Voting Results as per Article 209 of the Companies Act): In accordance with Article 209 of the Companies Act, the resolution was passed at the Company's 115th annual shareholders meeting on June 26, 2026. Considering operational needs and business development of the Company's significant equity-method investee, the shareholders approved the removal of non-compete restrictions that previously limited the Company's director from concurrently holding a position at the subsidiary within the same business scope.

6. Name and Title of Director if the Permitted Competitive Activity Involves a Business in Mainland China (Enter 'Not Applicable' if not applicable): Director: He Shijun / Director of the Company

7. Name and Position Held at the Mainland China-Based Enterprise: Mao Hong Information Technology (Shanghai) Co., Ltd. / Chairman

8. Address of the Mainland China-Based Enterprise: Room 307, Building 1, Huigu Baomao Science Park, No. 641 Tianshan Road, Changning District, Shanghai

9. Business Scope of the Mainland China-Based Enterprise: Information technology and network technology development, wholesale, import/export, and commission agency of electronic products and daily necessities

10. Impact on the Company's Financial and Business Operations: An equity-method investee company whose investment gains/losses are recognized by the Company

11. If the Director has Invested in the Mainland China-Based Enterprise, Specify Investment Amount and Shareholding Ratio: None

12. Other Matters to be Disclosed: None

FACT BOX

  • Source: PR Times
  • Category: News