Announce important resolution by Board of Directors.

Announce important resolution by Board of Directors.

1.Date of occurrence of the event:2017/03/29

2.Company name:Sincere Navigation Corporation

3.Relationship to the Company (please enter ”head office” or  ”subsidiaries”):Head office

4.Reciprocal shareholding ratios:N/A.

5.Cause of occurrence:Announce important resolution by Board of Directors.

6.Countermeasures:Nil.7.Any other matters that need to be specified:A.) Recognition of 2016 business operation report, financail statements including individual financial statements and consolidated    financail statements.    Brief 2016 individual statements as bellow: (Expressed in thousands of NTD, except earnings per share) Operating revenue 58,968 Profit for the year                 600,146  Total comprehensive income for the year  256,798 Earnings per share 1.06 Brief 2016 consolidated statements as bellow: (Expressed in thousands of NTD, except earnings per share)    Operating revenue  3,580,467 Profit for the year 908,756 Profit, attributed to Owners of the parents 600,146  Total comprehensive income for the year 523,730 Comprehensive income, attributed to Owners of the parents  256,798 Earnings per share 1.06  B.)Dividend distribution proposal approved by the Board od Directors: Proposed to distribute NT$397,812,920 cash dividends, NT$0.7 per share, to shareholders from 2016 unappropriated retained earnings. C.)The resolution of Board of Directors for granting employees and directors’ remuneration of 2016 (1)Directors’ remuneration: NT$12,026,210; (2)Employees’ remuneration: NT$12,026,210; (3)The above amount will be granted by cash.  D.)Proposal: Borrow US$25,000,000 free of interest from 100% owned   subsidiary, Heywood Limited, for one year as working capotal.  E.)Proposal: Borrow US$35,000,000 free of interest from 100% owned subsidiary, Norley Corporation Inc., for one year as working capotal.