Globe Union Industrial : Announcement of major resolutions of the Board of Directors

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Provided by: GLOBE UNION INDUSTRIAL CORP
SEQ_NO	1	Date of announcement	2022/04/11	Time of announcement	17:40:23
Subject	Announcement of major resolutions of the Board of Directors
Date of events	2022/04/11	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2022/04/11 2.Company name:GLOBE UNION INDUSTRIAL CORP. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence: 1.Approval of proposal of Dividend Distribution. 2.Approval of proposal to set up a new subsidiary in Dongguan City, Guangdong Province (China). 3.Approval of to resolve convening 2022 Shareholder Regular Meeting. 4.Approval of the Company is engaged in derivative transaction for forward foreign exchange. 5.Approval of the application of credit line with the Bank. 6.Countermeasures:None. 7.Any other matters that need to be specified:In accordance with the Company operation strategy and Shenzhen city's urbanization direction, the Company propose to move the plating facility currently located in Shenzhen Globe Union enterprise Co. Ltd to Guangdong Province's Environmentally-friendly Galvanization Industrial Park; propose to set up a new China subsidiary to proceed with the set up of the new plating facility.