2105 Maxxis (Cheng Shin): Announcement on Lifting Non-Compete Restrictions for New Director

On May 26, 2026, Cheng Shin Rubber (Maxxis) held its annual general meeting and passed a resolution to lift non-compete restrictions for director Chen Hsiu-hsiung, representing Hsieh-Shun Investment Co., Ltd. The authorization allows for investment or management in companies with the same business scope as Cheng Shin, provided it does not harm the company's interests. This authorization is valid for the duration of his tenure as a director. Chen currently serves as a director for Guangxi Qinzhou Cheng Shin Industrial Co., Ltd. and Cheng Shin (Xiamen) Logistics Co., Ltd. Both entities are subsidiaries, and their financial performance is already consolidated according to regulations. There is no negative impact on the company's finances.