2890 SinoPac Holdings: Announcement of Shareholder Resolution to Lift Non-Compete Restrictions for Directors

On May 26, 2025, SinoPac Holdings held a shareholders' meeting and passed the resolution to lift the non-compete restrictions for its director. The director granted this permission is Shang Yi Cultural Enterprise Co., Ltd. (representing the corporate director). The scope of the permitted competitive behavior includes business operations identical or similar to those of the company, effective for the duration of their term as a director. The resolution was passed with more than two-thirds of the total issued shares represented at the meeting and a majority of the voting rights of the attending shareholders. This does not apply to business operations in mainland China.