6994 Foxwell Power: Announcement on the Lifting of Non-Compete Restrictions for Newly Elected Directors and Their Representatives at the Annual Shareholders' Meeting

Date of Submission: 115/05/23 Date of Announcement: 115/05/22 Time of Announcement: 20:00:41 Company Code: 6994 Company Name: Foxwell Power Subject: Announcement on the lifting of non-compete restrictions for newly elected directors and their representatives at the Company's annual shareholders' meeting Compliant Clause: Article 21 Date of Occurrence: 115/05/22 Description: 1. Date of shareholders' meeting resolution: 115/05/22 2. Name and title of directors permitted to engage in competitive conduct: Director: Kuo Shou-Fu, Representative of Shinfox Energy Co., Ltd. Director: Lin Kun-Huang, Representative of Shinfox Energy Co., Ltd. Director: Pu Ching-Fan, Representative of Shinfox Energy Co., Ltd. Director: Hao Hsia-Peng Independent Director: Chen Jui-Chu Independent Director: Wang Hsu-Chi Independent Director: Chiang Cheng-Jung 3. Items of permitted competitive conduct: Companies with the same or similar business scope as the Company. 4. Period of permitted competitive conduct: During the tenure as a director of the Company. 5. Resolution status (voting results according to Article 209 of the Company Act): Approval votes: 37,977,886 (including 35,817,886 votes exercised electronically), accounting for 98.57% of the total attending voting rights; Disapproval votes: 394,478 (including 394,478 votes exercised electronically), accounting for 1.02% of the total attending voting rights; Invalid votes: 0 (including 0 votes exercised electronically), accounting for 0.00% of the total attending voting rights; Abstained/Uncast votes: 155,768 (including 130,510 votes exercised electronically), accounting for 0.40% of the total attending voting rights. The number of approval votes exceeded the statutory requirement, and the proposal was passed as originally proposed. 6. If the permitted competitive conduct belongs to an operator of a mainland China area enterprise, the name and title of the director (if not, please enter "Not applicable"): Kuo Shou-Fu, Representative of Shinfox Energy Co., Ltd. Lin Kun-Huang, Representative of Shinfox Energy Co., Ltd. Pu Ching-Fan, Representative of Shinfox Energy Co., Ltd. 7. Name of the mainland China area enterprise and position held: Kuo Shou-Fu, Representative of Shinfox Energy Co., Ltd. Kunshan Fujikin Electronics Co., Ltd. Legal Representative / General Manager Changzhou Xinwei Vehicle Energy Venture Capital Co., Ltd. Director

Lin Kun-Huang, Representative of Shinfox Energy Co., Ltd. Fugang Electronics (Dongguan) Co., Ltd. Director Fugang Electronics (Kunshan) Co., Ltd. Director/Legal Representative/General Manager Dongguan Fuqiang Electronics Co., Ltd. Legal Representative/Chairman Fuqiang Electronics (Yancheng) Co., Ltd. Legal Representative/Chairman Fugang Electronics (Ma'anshan) Co., Ltd. Legal Representative / Director / General Manager Kunshan Fugang Investment Co., Ltd. Executive Director/Legal Representative/General Manager Fuqiang Electronics (Ma'anshan) Co., Ltd. Legal Representative / Director / General Manager Suzhou Kenarui Automotive Technology Co., Ltd. Chairman/Legal Representative Fushilin Industry (Tianjin) Co., Ltd. Director/Legal Representative/General Manager Fushiwan Power (Tianjin) Co., Ltd. Director/Legal Representative/General Manager Fushineng Electronics (Kunshan) Co., Ltd. General Manager Fushixiang Electronics (Kunshan) Co., Ltd. Legal Representative Yaowei Optoelectronics (Yancheng) Co., Ltd. Legal Representative/Chairman Guangyao Optoelectronics (Suzhou) Co., Ltd. Legal Representative/Chairman Yancheng Yaowei Technology Co., Ltd. Legal Representative/Executive Director Guangyao Optics (Yancheng) Co., Ltd. Legal Representative/Executive Director Dongguan Fuwei Electronics Co., Ltd. Legal Representative/Chairman Weihai Fukang Electronics Co., Ltd. Legal Representative/Chairman Dongguan Fuzhang Precision Industry Co., Ltd. Legal Representative/Chairman Dongguan Hanyang Computer Co., Ltd. Legal Representative/Chairman Kunshan Fugang Electronic Trade Co., Ltd. Legal Representative/Chairman Shanghai Fugang Electronic Trade Co., Ltd. Director Xiechuang Data Technology Co., Ltd. Vice Chairman Kunshan Jiuwei Information Technology Co., Ltd. Legal Representative Chengdu Xinfuwei Energy Co., Ltd. Legal Representative Jingyong Technology (Yancheng) Co., Ltd. Director

Pu Ching-Fan, Representative of Shinfox Energy Co., Ltd. Fugang Electronics (Tianjin) Co., Ltd. Director Fugang Electronics (Dongguan) Co., Ltd. Legal Representative / General Manager Fugang Electronics (Kunshan) Co., Ltd. Director Dongguan Fuqiang Electronics Co., Ltd. Director Fugang Electronics (Nanchang) Co., Ltd. Legal Representative / Director Fugang Electronics (Xuzhou) Co., Ltd. Legal Representative / Executive Director Fushineng Electronics (Kunshan) Co., Ltd. Legal Representative / Director Fugang Electronics (Yancheng) Co., Ltd. Supervisor Fuqiang Electronics (Yancheng) Co., Ltd. Supervisor Kunshan Fugang Investment Co., Ltd. Supervisor Suzhou Kenarui Automotive Technology Co., Ltd. Supervisor Fushixiang Electronics (Kunshan) Co., Ltd. Supervisor Yaowei Optoelectronics (Yancheng) Co., Ltd. Supervisor Yancheng Yaowei Technology Co., Ltd. Supervisor Guangyao Optics (Yancheng) Co., Ltd. Supervisor Kunshan Fugang Electronic Trade Co., Ltd. Supervisor Kunshan Fushiyou Trade Co., Ltd. Supervisor Shanghai Fugang Electronic Trade Co., Ltd. Supervisor Shanghai Biaogan Information Technology Co., Ltd. Supervisor Jiangsu Zhengwei New Energy Technology Co., Ltd. Supervisor 8. Address of the mainland China area enterprise: (Addresses of the aforementioned companies in Kunshan, Changzhou, Dongguan, Yancheng, Ma'anshan, Suzhou, Tianjin, Weihai, Shanghai, Shenzhen, Chengdu, Nanchang, Xuzhou, and Lianyungang are listed in detail.) 9. Business items of the mainland China area enterprise: (Business items mainly include manufacturing and trading of electronic components, general investment, production and sales of optical lens components, manufacturing of image scanners and multifunction printers, mold development, supply chain finance energy service management, power generation, and battery manufacturing.) 10. Impact on the Company's finance and business: None. 11. If the director has invested in the mainland China area enterprise, the investment amount and shareholding ratio: None. 12. Other matters to be specified: None.