China Motor : Announce the resolution of release the prohibition on the 20th and 21st term of Directors from participation in competitive business.

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Provided by: China Motor Corporation
SEQ_NO	1	Date of announcement	2022/06/23	Time of announcement	16:32:51
Subject	Announce the resolution of release the prohibition on the 20th and 21st term of Directors from participation in competitive business.
Date of events	2022/06/23	To which item it meets	paragraph 21
Statement	1.Date of the shareholders meeting resolution:2022/06/23 2.Name and title of the director with permission to engage in competitive conduct: Directors:Li-Lien Chen Yen, Tai-Ming Chen, Hsin-I Lin, Chao-Wen Chen, Yoichi Yokozawa, Zhen-Xiang Yao, Hsin-Cheng Tseng. Independent Directors:Wei-ching Lue, Chi-Ching Chen, Yi-Hong Hsieh. 3.Items of competitive conduct in which the director is permitted to engage: Engage in the companies with identical properties of business operated by the Company. 4.Period of permission to engage in the competitive conduct: During the tenure period. 5.Circumstances of the resolution (please describe the results of voting in accordance with Article 209 of the Company Act): The shareholders' meeting has approved the release of the prohibition from participation in competitive business. 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): Directors:Zhen-Xiang Yao, Yoichi Yokozawa. 7.Company name of the mainland China area enterprise and the director's position in the enterprise: (1)Director, Guangzhou Aeolus Automobile Co.,Ltd.: Zhen-Xiang Yao (2)Chairman, Yulon Automotive(China) Investment Ltd.: Zhen-Xiang Yao (3)Supervisor, Dong Feng Yulon Motor Ltd.: Zhen-Xiang Yao (4)Vice Chairman, GAC Mitsubishi Motors Co., Ltd.: Yoichi Yokozawa (5)Vice Chairman, GAC Mitsubishi Motors Sales Co. Ltd., : Yoichi Yokozawa (6)Vice Chairman, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd.,: Yoichi Yokozawa (7)Director, Mitsubishi Motors (China) Co., Ltd.,: Yoichi Yokozawa 8.Address of the mainland China area enterprise: (1)8 Fengshen Avenue, Huadu District, Guangzhou City,Guangdong (2)Room 123, Lin-Jiang Industrial Park Culture Center, Xiaoshan District, Hangzhou City, Zhejiang Province (3)No. 2688, Hsin-Shih-Gi Boulevard,Lin-Jiang Industrial Park, Xiaoshan District, Hangzhou City (4)No.15 Lixiangzhong Road, Changsha Economic and Technological Development Zone, Changsha, Hunan 410100 (5)No.15 Lixiangzhong Road, Changsha Economic and Technological Development Zone, Changsha, Hunan 410100 (6)No.6 Hangtian Road, Hunnan District, Shenyang, Liaoning (7)031/42F, HangSeng Bank Tower,1000 Lujiazui Ring Road ,Pudong New Area Shanghai 200120,China 9.Operations of the mainland China area enterprise: (1)Developing and manufacturing of parts and vehicles and related services (2)Purchasing machinery, office equipment and raw materials, spare parts 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. (3)Parts of vehicles, Electric vehicles and related (4)Vehicles production (5)Vehicles sales (6)Engine production (7)Vehicles development 10.Impact on the company's finance and business: None. 11.If the directors have invested in the mainland China area enterprise, the monetary amount of the investment and their shareholding ratio:N/A. 12.Any other matters that need to be specified: None.