Tainan Spinning : Announcement that the board of directors of the company has approved the lifting of the non-compete restriction on managerial officer.

 Announcement that the board of directors of the
company has approved the lifting of the non-compete
restriction on managerial officer.

1.Date of the board of directors resolution:2022/06/06
2.Name and title of the managerial officer with permission to engage in
  competitive conduct:Wang,Li-Fan General manager
3.Items of competitive conduct in which the officer is permitted to engage:
 Concurrently serve as the managerial officer of other for-profit
 enterprises and operate similar businesses for themselves or for others.
4.Period of permission to engage in the competitive conduct:
 During tenure as manager of the company
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 32 of the Company Act):
 All directors present agreed to pass.
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the managerial officer
(if it is not the operator of a mainland China area enterprise, please enter
"N/A" below):N/A
7.Company name of the mainland China area enterprise and the officer's
position in the enterprise:N/A
8.Address of the mainland China area enterprise:N/A
9.Operations of the mainland China area enterprise:N/A
10.Impact on the company's finance and business:None
11.If the managerial officer has invested in the mainland China area
enterprise, the monetary amount of the investment and the officer's
shareholding ratio:None
12.Any other matters that need to be specified:
 In order to cooperate with the company's diversification operation and
 meet the actual needs, it is agreed that the company's general manager
 Wang Lifan will also serve as the legal person director representative of
 the company's related investment companies.