Wah Lee Industrial : 2022 Annual Shareholders' Meeting Manual

Stock Ticker: 3010

WAH LEE

INDUSTRIAL CORP.

2022 Annual Shareholder Meeting

Handbook

Date: May 27th, 2022

Venue: 5F., No. 230, Zhongzheng 4th Rd., Qianjin Dist.,

Kaohsiung City

(Room 501, Taiwan Academy of Banking and Finance Southern

Branch )

Table of Contents

Meeting Procedure .........................................................................................	1
Meeting Agenda..............................................................................................	2
Report items (Company Reports)...................................................................	3
Ratification Items ........................................................................................	4
Discussion Items.............................................................................................	5
Election ...........................................................................................................	5
Extemporary Motions.....................................................................................	6
Attachment
(1)	2021 Business Report .............................................................................	7
(2)	2021 Audit Committee's Review Report .................................................	10
(3)	Status of Endorsement and Guarantee of 2021 ........................................	11
(4)	Status of Loaning of Company Funds of 2021.........................................	13
(5)	Implementation of Investments in the PRC of 2021 ................................	14
(6) Implementation of third Domestic Unsecured Convertible Bonds of
2021 ..............................................................................................................	16
(7)	2021 Independent Auditor's Report, Individual and Consolidated
Financial Statements.......................................................................................	17
(8)	2021 Distribution of Net Earnings .........................................................	37

1. Amendments to "Articles of Incorporation of the Company" and the Comparisons Amendments to " Procedures of Assets Acquisition and

Disposal" and the Comparisons .....................................................................	38
Appendix
(1)	Rules of Procedure for Shareholders Meetings ........................................	42
(2) Articles of Incorporation (before amendment) .........................................	47
(3)	Procedures for Elections of Directors.......................................................	53
(4)	Directors Shareholding ...........................................................................	55
(5)	Other Explanation Items ...........................................................................	56

WAH LEE INDUSTRIAL CORP.

2022 ANNUAL SHAREHOLDER MEETING PROCEDURE

One. Call Meeting to Order

Two. Chairman Remarks

Three. Report items (Company Reports)

Four. RatificationItems

Five. Discussion Items

Six. Election

Seven. Extemporary Motions

Eight. Adjournment

- 1 -

WAH LEE INDUSTRIAL CORP.

2022 ANNUAL SHAREHOLDERS MEETING Agenda

Time: 09:30 a.m., Friday, May 27, 2022

Venue：5F., No. 230, Zhongzheng 4th Rd., Qianjin Dist., Kaohsiung City (Room 501, Taiwan Academy of Banking and Finance Southern Branch)

Convention of physical shareholders' meeting

One. Call Meeting to Order [Announce shares held by shareholders present in person or by proxy] Two. Chairman Remarks

Three. Report items (Company Reports)

1. 2021 Business Report
2. 2021 Audit Committee's Review Report
3. 2021 Distribution of Employees' Bonus and Remuneration to directors.
4. 2021 Loan Endorsement and Guarantee
5. 2021 Lending Funds to Other Parties
6. 2021 Summary of Investments in Mainland China
7. The issuance of the Company's third unsecured Convertible Corporate Bond.

Four. Ratification Items

1. 2021 Business Report and Financial Statements
2. 2021 Earnings distribution

Five. Discussion Items

Amendments to "Articles of Incorporation"

Six. Election

Election of independent directors.

Seven. Extemporary Motions

Eight. Adjournment

- 2 -

Report items (Company Reports)

1. 2021 Business Report. Please review

Note: Please refer to Page 7 to 9 in this Handbook [Attachment 1]

2. 2021 Audit Committee's Review Review. Please review

Note: Please refer to Page 10 in this Handbook [Attachment 2]

3. 2021 Distribution of Employees' Bonus and Remuneration to directors. Please review

Note: The distribution plan is in accordance with Article 20 under the Articles of Incorporation and the Board Meeting on March 22, 2021. The Company is to allocate 1.15% of 2021 profit before tax, or NT$42,161,000 to director's remuneration; and 9% of profit before tax, or NT$329,953,000 for employees' bonus. Both employees' bonus and remuneration for directors are distributed in cash.

4. 2021 Loan Endorsement and Guarantee. Please review

Note: Please refer to Page 11 to 12 in this Handbook [Attachment 3]

5. 2021 Lending Funds to Other Parties. Please review

Note: Please refer to Page 13 in this Handbook [Attachment 4]

1. 2020 Summary of investments in Mainland China. Please review Note: Please refer to Page 14 to 15 in this Handbook [Attachment 5]
2. The issuance of the Company's third unsecured Convertible Corporate Bond. Please review. Note: Please refer to Page 16 in this Handbook [Attachment 6]

- 3 -