Exemption from non-compete clause for directors in 2022 shareholders’ meeting

Exemption from non-compete clause for directors in 2022 shareholders’ meeting

1.Date of the shareholders meeting resolution:2022/06/10
2.Name and title of the director with permission to engage in competitive conduct:
Hsu Chi Kao/ Director
Koo Tse Hau/ Independent director
3.Items of competitive conduct in which the director is permitted to engage:
Investment or other business with the same range of the Company’s
business or behavior similar to the Company and acting as a director or manager.
4.Period of permission to engage in the competitive conduct:
Within period of serving as director of the Company.
5.Circumstances of the resolution (please describe the results of voting in accordance with Article 209 of the
Company Act):Approve.
approval votes: 358,839,947(97.17%)
disapproval votes: 652,497
abstain votes: 0
invalid votes/no vote: 9,769,614
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):
Koo Tse Hau/ Independent director
7.Company name of the mainland China area enterprise and the director’s position in the enterprise:
Valles Steamship Company Limited, Director
8.Address of the mainland China area enterprise:
The Center 6810-11, 68th Floor, 99 Queen’s Road Central, Hong Kong.
9.Operations of the mainland China area enterprise: Vessel Shipping/Oil tanker shipping
10.Impact on the company’s finance and business:Nil.
11.If the directors have invested in the mainland China area enterprise, the monetary amount of the investment
and their shareholding ratio:Nil.
12.Any other matters that need to be specified:Nil.