Taiwan Tea : Announcement the annual General Shareholders' Meeting has Approved to release the newly elected directors from non-competition restrictions.

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Provided by: TAIWAN TEA CORPORATION
SEQ_NO	7	Date of announcement	2022/05/20	Time of announcement	19:58:31
Subject	Announcement the annual General Shareholders' Meeting has Approved to release the newly elected directors from non-competition restrictions.
Date of events	2022/05/20	To which item it meets	paragraph 21
Statement	1.Date of the shareholders meeting resolution:2022/05/20 2.Name and title of the director with permission to engage in competitive conduct: (1)Director：Shan Young Asset Management Co., Ltd. Representative: Ching-Yuan Wu (2)Director：Shan Young Asset Management Co., Ltd. Representative: Yu-Chang Huang (3)Director：Shan Young Asset Management Co., Ltd. Representative: Chun-Hui Hsieh (4)Director：Chin-Yen Lin (5)Director：WE-FU Investment Co., Ltd. Representative: Chih-Kuang Yen (6)Director：YSC Marketing Co., Ltd. Representative: Wei-Lin Shao (7)Independent director：Sheng-Tsheng Lee (8)Independent director：Shen-Lung Wang 3.Items of competitive conduct in which the director is permitted to engage: Business items that are the same or similar to the business scope of the company. 4.Period of permission to engage in the competitive conduct: The term of office is the same as that of the current director (2022/05/20~2025/05/19) 5.Circumstances of the resolution (please describe the results of voting in accordance with Article 209 of the Company Act): A total of 652,850,580 voting rights were represented by the presence of shareholders at the time of voting. The Voting Result: Votes were in favor of the proposal:551,868,147 voting rights (including votes casted electronically:52,122,381 voting rights), representing 84.53% of the total represented voting rights present. Votes were cast against the proposal:54,618 voting rights (including votes casted electronically: 54,545 voting rights), representing 0% of the total represented voting rights present. Votes were invalid:0 voting rights (including votes casted electronically:0 voting rights), representing 0% of the total represented voting rights present. Votes were either invalidly cast or abstained:100,927,815 voting rights (including votes casted electronically:7,332,814 voting rights), representing 15.45% of the total represented voting rights present. The proposal was approved as the ayes exceeded the requisite majority. 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): Ching-Yuan Wu：Chairman of the company 7.Company name of the mainland China area enterprise and the director's position in the enterprise: Chairman of Xiamen Shaxing Director of NOVA Design (Shanghai) Ltd. 8.Address of the mainland China area enterprise: Xiamen Shaxing-NO.99, Xibin Road, Xinglin, Jimei Area, Xiamen, China NOVA Design (Shanghai) Ltd.-NO.46, YUANDA ROAD, SHANGHAI INTERNATIONAL AUTOMOBILE CITY 9.Operations of the mainland China area enterprise: Xiamen Shaxing-Assembly, production and sales of motorcycles and parts and after-sales maintenance services. NOVA Design (Shanghai) Ltd.-Industrial Design 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: Shan Young Asset Management Co., Ltd.& Chairman Ching-Yuan Wu has no personal investment of Xiamen Shaxing & NOVA Design (Shanghai) Ltd. 12.Any other matters that need to be specified:None