[Phoenix] Announcement of approval for lifting non-compete restrictions for directors

1. Date of resolution: 115/06/01 2. Names and titles of directors permitted to engage in competitive activities: (1) Chairman: Zhang Wei-yao (2) Director: Zhang Jin-ming (3) Director: Qiu Ci-xiang 3. Scope of permitted activities: Chairman Zhang Wei-yao holds concurrent positions including Chairman of Shanghai Longji Freight Forwarding. Director Zhang Jin-ming holds positions including Chairman of Tianhe Air Cargo. Director Qiu Ci-xiang holds positions including Director of Taiwan China Express. 4. Period of permission: During the term of office as a director. 5. Resolution status: Approved by more than two-thirds of the voting rights of shareholders present. 6. Mainland China business: Zhang Wei-yao serves as Chairman of Shanghai Longji Freight Forwarding. 7. Address of Mainland business: 15F, E, No. 18, Caoxi North Road, Shanghai. 8. Business scope: Freight forwarding. 9. Financial impact: None. 10. Other notes: None.