Today's Information

Provided by: SINMAG EQUIPMENT CORPORATION
SEQ_NO 6 Date of announcement 2022/05/31 Time of announcement 18:20:43
Subject 
 Announcement of Shareholders' Meeting resolved to
release the directors from non-competition restrictions
Date of events 2022/05/31 To which item it meets paragraph 21
Statement 
1.Date of the shareholders' meeting resolution:2022/05/31
2.Name and title of the managerial officer with permission
 to engage in competitive conduct:
Director Hsieh, Ming-Ching
3.Items of competitive conduct in which the officer is
permitted to engage:
(1)Director, Sinmag Equipment (Thailand) Co., Ltd.
(2)Director and Vice President, LBC Bakery Equipment Inc.
(3)Director, Kingcraft Industrial Corp., Ltd.
(4)Director, Sinmag Equipment (China) Co., Ltd.
(5)President and Vice President of Management Department,
Sinmag Equipment (China) Co., Ltd.
(6)Director, Wuxi New Order Control Co., Ltd.
4.Period of permission to engage in the competitive conduct:
During the term of being a director till expires
5.Circumstances of the resolution (please describe the
results of voting in accordance with Article 209 of the
Company Act):The proposal approved 33,230,332 voting
rights in favor,98.44% of the total represented at the
time of voting.
6.If the permitted competitive conduct belongs to the
operator of a mainland China enterprise, the name and
title of the directors (if it is not the operator of
a mainland China enterprise, please enter "N/A" below):
Director Hsieh, Ming-Ching
7.Company name of the mainland China enterprise and the
officer's position in the enterprise:
(1)President and Vice President of Management Department,
Sinmag Equipment (China) Co., Ltd.
(2)Director, Wuxi New Order Control Co., Ltd.
8.Address of the mainland China enterprise:
(1)Sinmag Equipment (China) Co., Ltd.(NO, 312 YOUYI
NORTH RD XISHAN ,WUXI)
(2)Wuxi New Order Control Co., Ltd.(NO, 312 YOUYI
NORTH RD XISHAN ,WUXI)
9.Operations of the mainland China enterprise:
(1)Sinmag Equipment (China) Co., Ltd.,Manufacturing
and selling of bakery equipment
(2)Wuxi New Order Control Co., Ltd.,Manufacturing and
selling of electronic component
10.Impact on the company's finance and business:
(1)The main business items of Kingcraft Industrial
Corp., Ltd. is mechanical fittings, valves and pipe
fittings, which are different from the projects
currently operated by the company, so there is no
significant impact on the financial business of the
company.
(2)Sinmag Equipment (China) Co., Ltd., Wuxi New Order
Control Co., Ltd., LBC Bakery Equipment Inc. and
Sinmag Equipment (Thailand) Co., Ltd. are subsidiaries
of the company, and investment income is recognized
by equity method.
11.If the directors have invested in the mainland China
enterprise, the monetary amount of the investment and
their shareholding ratio:
(1)Sinmag Equipment (China) Co., Ltd., None
(2)Wuxi New Order Control Co., Ltd., None
12.Any other matters that need to be specified:None

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Sinmag Equipment Corporation published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 10:29:04 UTC.