3703 Continental Holdings

Date: May 22, 115. Announcement Date: May 21, 115. Company: Continental Holdings. Subject: Announcement of waiver of non-compete clause for director of subsidiary Blue Whale Water Technology. 1. Shareholders' meeting date: May 21, 115. 2. Director name: Huang Hao-chen, representative of CTCI Corporation. 3. Permitted activities: Engaging in companies with same or similar business scope. 4. Duration: During tenure as director. 5. Resolution: Approved by over two-thirds of shareholders present. 6. Mainland China business: N/A. 7. Company name in Mainland: N/A. 8. Address in Mainland: N/A. 9. Business scope in Mainland: N/A. 10. Financial impact: None. 11. Investment amount: N/A. 12. Other: None.