[Hotai Motor] Announcement by subsidiary Ho Chin Enterprise Co., Ltd. regarding shareholders'' meeting resolution on director''s non-compete restriction

AI Summary (NQ-processed)

Hotai Motor''s subsidiary, Ho Chin Enterprise, announced that its shareholders'' meeting resolved to permit directors Chen Chien-Chou and Lin Yen-Liang to concurrently hold positions in businesses similar to the company''s scope of operations during their tenure, due to business needs. Director Chen Chien-Chou is also permitted to serve as a director of Hotai International Financial Leasing Co., Ltd. in Shanghai, which engages in financial leasing, automobile leasing, and other related services. This competitive activity has no impact on the company''s financial and business operations.