8404 Paohwa Industrial-KY: Announcement of Lifting Non-Compete Restrictions for Directors

Issued on May 27, 115. Company Code: 8404, Company Name: Paohwa Industrial-KY. Subject: Announcement of the resolution to lift non-compete restrictions for directors and their representatives. Resolution date: May 26, 115. Directors involved: Zheng Guohuoyin, Huang Shizhao (representative of Paohwa International), and Zheng Xinlong. Permitted activities include serving as Chairman or General Manager in various subsidiaries in mainland China, such as Dongguan Paohwa Business Services, Jiangsu Baihong Composite Materials, and Wuxi Baihong Real Estate. The duration is for the term of their directorship. The resolution was passed by more than two-thirds of the voting rights present. The impact on the company's financial operations is not significant.