Kuo Pao Financial Holding Announces Independent Director's Opposition to Deputy Chairman's Compensation Proposal

Release Date: August 13, 115 Statement Date: August 12, 115 Statement Time: 18:21:31 Company Code: 2889 Company Name: Kuo Pao Financial Holding Subject: Announcement Regarding Independent Director's Opposition to the Deliberation Item at the Third Meeting of the Sixth Compensation Committee Relevant Clause: Clause 44 Factual Date: August 12, 115 Details: 1. Date of the board of directors, audit committee, or compensation committee: 115/08/12 2. Body that made the resolution (please enter 'Board of Directors', 'Audit Committee', or 'Compensation Committee'): Compensation Committee 3. Name and resume of the independent director or member of the audit/compensation committee who expressed opposition or reservation: Mr. Yang Jiaxing / Independent Director, Kuo Pao Financial Holding Co., Ltd. 4. Proposal subject to opposition or reservation: Continued discussion on the compensation case for the ninth-term Deputy Chairman of the company. 5. Reasons for opposition or reservation expressed by the independent director or committee member: Independent Director Yang Jiaxing: Opposed. Opposes immediate approval due to insufficient information provided to the Compensation Committee regarding the 'Scope of Authority of the Deputy Chairman,' making it impossible to verify the alignment between responsibilities and monthly compensation. 6. Countermeasures: None 7. Other Matters to be Clarified: After the chairperson consulted all members, one member opposed, while four members agreed to approve the revised version. Since the majority approved, the proposal will be submitted to the board of directors for ratification.