Yulon Finance : To announce the shareholders' annual meeting approved of releasing the 12th term Directors of the Company from non-competition restrictions

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Provided by: Yulon Finance Corporation
SEQ_NO	3	Date of announcement	2022/06/21	Time of announcement	14:44:42
Subject	To announce the shareholders' annual meeting approved of releasing the 12th term Directors of the Company from non-competition restrictions
Date of events	2022/06/21	To which item it meets	paragraph 21
Statement	1.Date of the shareholders meeting resolution:2022/06/21 2.Name and title of the director with permission to engage in competitive conduct: Director, Yulon Motor Co.,Ltd. Representative, Li-Lien Yen Chen Director, Yulon Motor Co.,Ltd. Representative, Tzu-Shen Tso Director, Yulon Motor Co.,Ltd. Representative, Zhen-Xiang Yao Director, Lowin Industrial Co., Ltd. Representative, Liang Chang Director, Lowin Industrial Co., Ltd. Representative, Wen-Rong Tsay Director, Lowin Industrial Co., Ltd. Representative, Chen-Cheng Lee Director, Yulon Management Co., Ltd. Representative, Kuo-Hsing Hsu Independent director, Chi-Ching Chen Independent director, Yi-Hong Hsieh Independent director, Zhong-Qi Zhou Independent director, Kao-Chien Huang 3.Items of competitive conduct in which the director is permitted to engage: The similar business scope of the company 4.Period of permission to engage in the competitive conduct: During 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): Approved by a majority of the shareholders present who represent two-thirds or more of the total number of its outstanding shares. 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): Director, Zhen-Xiang Yao Director, Wen-Rong Tsay 7.Company name of the mainland China area enterprise and the director's position in the enterprise: (1)Director, Zhen-Xiang Yao Director, Guangzhou Feng Shen Auto Sale & Service Limited Chairman, Yulon Automotive (China) Investment Limited Director, Yulon China Investment Limited Director, Yulon Motor Investment Limited (2)Director, Wen-Rong Tsay Director, Guangzhou Feng Shen Auto Sale & Service Limited Director, Aeolus Xiangyang Automobile Co., Ltd. Director, Yulon Automotive (China) Investment Limited 8.Address of the mainland China area enterprise: Guangzhou Feng Shen Auto Sale & Service Limited.:No.8, Fengshen Avenue, Huadu District, Guangzhou City, Guangdong Province Yulon Automotive (China) Investment Limited.:Room 123, Lin-Jiang Industrial Park Culture Center, Xiaoshan District, Hangzhou City Yulon China Investment Limited:15/F BOC Group Life Assurance Tower, 136 Des Voeux Rd Central,Central, Hong Kong Yulon Motor Investment Limited:Suites 2302-6, 23/F Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong Aeolus Xiangyang Automobile Co., Ltd.:Torch Building, No.2, Chunyuan West Road, Hi-New-Tech Development Area, Xiangyang City, Hubei Province 9.Operations of the mainland China area enterprise: Guangzhou Feng Shen Auto Sale & Service Limited.:Automobile and parts R&D, sales and related business Yulon Automotive (China) Investment Limited.:Purchasing machinery, office equipment and raw materials, spareparts and after-sales services required for production; technical support, staff training, internal personnel management, etc.; research and development of new products and high-tech; providing investment-related advisory services such as market information and investment policies Yulon China Investment Limited:Investment. Yulon Motor Investment Limited:Investment. Aeolus Xiangyang Automobile Co., Ltd.:Developing and manufacturing of parts and vehicles and related services 10.Impact on the company's finance and business:No 11.If the directors have invested in the mainland China area enterprise, the monetary amount of the investment and their shareholding ratio:No 12.Any other matters that need to be specified:No