Formosan Rubber: Approved lifting the ban on engaging in competitive conduct for newly elected directors and their representative.

Statement

1.Date of the shareholders meeting resolution:2022/06/08
2.Name and title of the director with permission to engage in competitive
  conduct:
  (1)Natural-person director : HSU, CHENG TSAI
  (2)Natural-person director : HSU, CHENG CHI
  (3)Representative of CHUAN HSIN FENG Ltd.:HSU, CHENG HSIN
  (4)Representative of PAC-NET CONSTRUCTION CORPORATION:HSU, WEI JYH
  (5)Representative of FORMOSAN CONSTRUCTION CORPORATION : LIN, KUN ZONG
  (6)Independent director: HSIAO, SHENG HSIE
3.Items of competitive conduct in which the director is permitted to engage:
  To engage in business that are within or similar to the business scope of
  the Company.
4.Period of permission to engage in the competitive conduct:
  Within the period of serving as directors of the Company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
  Attended by shareholders representing two third or more of the shares
  outstanding,and passed by a majority vote of the shareholders present.
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
"N/A" below):HSU, CHENG TSAI Director.
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:
  Chairperson of Shanghai Ruifu Business Development Ltd.
8.Address of the mainland China area enterprise:
  No.1685, Caoan Road, Jiading District, Shanghai, China.
9.Operations of the mainland China area enterprise:Construction, Real Estate
  Leasing, Warehousing, Property management, and Parking lot.
10.Impact on the company's finance and business:NONE.
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:NONE.
12.Any other matters that need to be specified:NONE.