Hotai Finance : To announces that Annual Shareholders’Meeting resolved to release directors from non-competition restrictions

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Provided by: HOTAI FINANCE CO., LTD.
SEQ_NO	3	Date of announcement	2022/06/23	Time of announcement	21:52:25
Subject	To announces that Annual Shareholders'Meeting resolved to release directors from non-competition restrictions
Date of events	2022/06/23	To which item it meets	paragraph 21
Statement	1.Date of the shareholders meeting resolution:2022/06/23 2.Name and title of the director with permission to engage in competitive conduct: Liu, Yuan-Sheng / Director Leon Soo / Director Roger Huang / Director Ryan Huang / Director Huang, Ming-You / Independent director 3.Items of competitive conduct in which the director is permitted to engage: To engage in business that is within or similar to the Company 4.Period of permission to engage in the competitive conduct: Within the tenure of the aforementioned directors 5.Circumstances of the resolution (please describe the results of voting in accordance with Article 209 of the Company Act): 399,060,852 shares voted approving the proposal, accounts 97.34% of totalrepresented shares(represented vate: 79.59%) The proposal nas been approved by Annual Shareholders' Meeting in 2022. 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): Leon Soo / Director Roger Huang / Director Ryan Huang / Director 7.Company name of the mainland China area enterprise and the director's position in the enterprise: Director：Leon Soo Director, Shanghai Hekang Equipment Leasing Co., Ltd. Director, Qingdao Heling Lexus Automobile Sales Service Co., Ltd. Director：Roger Huang Director, Tianjin Binhai Heling Lexus Motor Sales & Service Co., Ltd. Director：Ryan Huang Director, Carmax Auto Tech (Shanghai) Co.,Ltd. Director, Hotong Motor Investment Co., Ltd. Director, Shanghai Hede Used Cars Operation Co., Ltd. Director, Tianjin Heyi International Trade Co., Ltd. Director, Zaozhuang Ho-Wan Motor Sales and Service Co., Ltd. Director, Beijing Ho-Yu Toyota Motor Sales & Service Co.,Ltd. Director, Shanghai Ho-Qian Logistics Equipment Trading Co., Ltd. 8.Address of the mainland China area enterprise: Shanghai Hekang Equipment Leasing Co., Ltd.: Room 14B-25, Dongbu, No.290, Tianmu West Road, Jing'an District, Shanghai Qingdao Heling Lexus Automobile Sales Service Co., Ltd.: 50 Meters To the Junction of Ningcheng Road and Chunyang Road, Qingdao, Shandong Tianjin Binhai Heling Lexus Motor Sales & Service Co., Ltd.: 1826 - 2 Henan Road, Dagu Sub-district , Binhai New District, Tianjin City Carmax Auto Tech (Shanghai) Co.,Ltd.: Building 1, No. 28, Rongshu Rd., Rongbei Town, Songjiang Dist., Shanghai Hotong Motor Investment Co., Ltd.: Room 1513 and 1514, No. 238, Jiangchang 3rd Rd., Zhabei Dist., Shanghai Shanghai Hede Used Cars Operation Co., Ltd.: Room A, Level 1F, Building 1, NO. 999, Huqingping Hwy., Minhang Dist., Shanghai Tianjin Heyi International Trade Co., Ltd.: 202-12, Building 4, Hengshen Plaza (North of Helan Road and East of Ouzhou Road), Tianjin Free Trade Zone (Dongjiang Bonded Port) Zaozhuang Ho-Wan Motor Sales and Service Co., Ltd.: Room 101, No. 1, Fuqing Rd., Zhangfan Town, Zaozhuang Hi-Tech Zone, Shangdong Beijing Ho-Yu Toyota Motor Sales & Service Co.,Ltd.: Chaoyang District No. 1 North Xiaohongmen Shaw Village, Beijing City Shanghai Ho-Qian Logistics Equipment Trading Co., Ltd.: No. 515, Caonong Rd., Xinqiaozhen, Songjiang Dist., Shanghai 9.Operations of the mainland China area enterprise: Shanghai Hekang Equipment Leasing Co., Ltd.: Leasing business Qingdao Heling Lexus Automobile Sales Service Co., Ltd.: Sales and repairing of vehicles Tianjin Binhai Heling Lexus Motor Sales & Service Co., Ltd.: Sales and repairing of vehicles Carmax Auto Tech (Shanghai) Co.,Ltd.: Trading of vehicle products/accessories Hotong Motor Investment Co., Ltd.: Operation decision making, capital using and financial management, information services, employee trainings and other services Shanghai Hede Used Cars Operation Co., Ltd.: Trading of used vehicles Tianjin Heyi International Trade Co., Ltd.: Automotive related business Zaozhuang Ho-Wan Motor Sales and Service Co., Ltd.: Sales and repairing of vehicles Beijing Ho-Yu Toyota Motor Sales & Service Co.,Ltd.: Sales and repairing of vehicles Shanghai Ho-Qian Logistics Equipment Trading Co., Ltd.: Sales of vehicles and parts for industry use 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:None 12.Any other matters that need to be specified:None