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[Hotai Motor] Announcement of Shareholder Resolution to Waive Non-Compete Restrictions for Directors

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Hotai Motor announced that the shareholders' meeting on May 27, 2026, approved the waiver of non-compete restrictions for Chairman Huang Nan-Kuang, Vice Chairman Su Chun-Hsing, and Director Mizushina Masayuki to allow concurrent roles.

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Q: What is Hotai Motor?
A: It is the sole distributor of Toyota vehicles in Taiwan and a leading automotive company.