2006 Tung Ho Steel: Announcement of Non-Compete Waiver for Directors

On May 22, 2026, Tung Ho Steel held its annual general meeting and approved the resolution to lift non-compete restrictions for new directors and their representatives. The authorized directors include Hou Chieh-Teng and Lin Chi from Mao Sheng Investment, Hou Yu-Shu and Ku Kuan-Jen from He Zhao Investment, Huang Chih-Ming from Han Lei Investment, Chen Pao-Ho from Ji Cheng Investment, Hou Yen-Liang from Muchuan Global Capital, and independent directors Sun Ming-Te and Ko Wen-Ling. The scope of the permitted non-compete activity allows directors to act for themselves or others within the company's business scope. Notably, Hou Chieh-Teng and Lin Chi serve as directors and chairman of Fujian Zhongrida Metal in Fuzhou, which specializes in tinplate. The company clarified that this is an existing investment through a third region, accounted for using the equity method, and has no material impact on the company's financial operations.