Lianchao Industrial Announces Shareholder Approval to Lift Director's Non-Compete Restriction

Release Date: June 25, 2026 Statement Date: June 24, 2026 Statement Time: 15:30:54 Company Code: 1709 Company Name: Harmony Chemical

Subject: Announcement by Lianchao Industrial Co., Ltd., a significant subsidiary, regarding the resolution passed at the 2026 Annual General Meeting to lift the non-compete restriction for a director.

Applicable Clause: Item 21 Factual Date: June 24, 2026

Details:

1. Shareholder Meeting Resolution Date: 06/24/2026

2. Name and Title of Director Permitted to Engage in Competitive Activities: Mr. Zhao Heng-De, Representative of Harmony Chemical Industrial Co., Ltd.

3. Permitted Competitive Activities: Investment in or operation of businesses with the same scope as the company’s operations

4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): The proposal was approved, with over two-thirds of issued shares represented and more than half of the voting rights of attending shareholders in favor.

6. Name and Title of Director if the Permitted Competitive Activity Involves Businesses in Mainland China (Enter 'Not Applicable' if not): Not Applicable

7. Name of Mainland China Company and Position Held: Not Applicable

8. Address of Mainland China Company: Not Applicable

9. Business Scope of Mainland China Company: Not Applicable

10. Impact on the Company's Financial and Business Operations: None

11. If the Director Invests in a Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None