Exemption from non-compete clause for directors in 2019 shareholders’ meeting

Exemption from non-compete clause for directors in 2019 shareholders’ meeting

1.Date of occurrence of the change:2019/06/28

2.Appointment of or changed personnel (juristic-person director, juristic-person supervisor, independent director, natural-person director or natural-person supervisor):Directors and independent directors.

3.Title, name and resume of the replaced personnel:

Director: Tsai Ching Pen, Chairman of the Company, etc.

Director: Hsu Gee King, Director of the Company, etc.

Director: CTBC Bank Co., Ltd in custody for Uppercrest Enterprises Limited, Juristic-person director of the Company.

Director: CTBC Bank Co., Ltd in custody for Orient Dynasty Ltd. , Juristic-person director of the Company.

Director: Hsu Chi Kao, Vice Chairman and President of the Company.

Independent director: Lee Yen Sung, Vice Chairman of Certified Public Accountant Associations R.O.C., etc.

Independent director: Mao Kwan Hai, Chairman of the Association of Average Adjusters Association of U.S.A.

4.Title, name and resume of the new personnel:

Director: Hsu Chi Kao, Vice Chairman and President of the Company.

Director: Hsu Gee King, Director of the Company, etc.

Director: CTBC Bank Co., Ltd in custody for Orient Dynasty Ltd., Juristic-person director of the Company.

Director: CTBC Bank Co., Ltd in custody for Solar Shipping Agency Ltd., Juristic-person director of the Company.

Independent director: Lee Yen Sung, Vice Chairman of Certified Public Accountant Associations R.O.C., etc.

Independent director: Cheng Fu Kwok, Member of the Maritime and Port Board (MPB) and Chairman of the Promotion and External Relations Committee under MPB, etc.

Independent director:Fan Kuang Nan, General Manager, China Ship Building Corporation, etc.

5.Type of the change (please enter: “resignation”, “discharge”, “tenure expired”, “death” or “new appointment” ):Tenure expired.

6.Reason for the change:The tenure expired and fully re-election.

7.Number of shares held by the new personnel at the time of appointment:

Director: Hsu Chi Kao, 500,000 shares.

Director: Hsu Gee King, 4,295,120 shares.

Director: CTBC Bank Co., Ltd in custody for Orient Dynasty Ltd., 9,261,904 shares.

Director: CTBC Bank Co., Ltd in custody for Solar Shipping Agency Ltd., 16,007,866 shares.

Independent director: Lee Yen Sung, 0 shares.

Independent director: Cheng Fu Kwok, 0 shares.

Independent director:Fan Kuang Nan, 9,050 shares.

8.Original term (from __________ to __________):2016/06/29 ~ 2019/06/27

9.Effective date of the new appointment: 2019/06/28 ~ 2022/06/27

10.Rate of turnover of directors of the same term:N/A

11.Rate of turnover of supervisor of the same term:N/A

12.Rate of turnover of independent director of the same term:N/A

13.Change in one-third or more of directors (“Yes” or “No”):No.

14.Any other matters that need to be specified:Nil.