Announcement of 2022 annual shareholders meeting
passes removal of the non-compete clause for directors
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:
(1) Director: Ching-Yuan Wu
(2) Director: Chien-Jin Investment Co., Ltd. representative: Li-Chu Wu
(3) Director: Chao-Yao Investment Co., Ltd. representative: Yu-Chang Huang
(4) Director: Chao-Yao Investment Co., Ltd. representative: Ren-Hao Tien
(5) Independent Director: Chih-Hung Hsieh
3.Items of competitive conduct in which the director is permitted to engage:
(1) Director: Ching-Yuan Wu
Director and Chairman of Taiwan Tea Corp.
(2) Director: Chien-Jin Investment Co., Ltd. representative: Li-Chu Wu
Director and Chairman of Nanyang Insurance Agency Co., Ltd.
(3) Director: Chao-Yao Investment Co., Ltd. representative: Yu-Chang Huang
Director of Taiwan Tea Corp.
(4) Director: Chao-Yao Investment Co., Ltd. representative: Ren-Hao Tien
Director and Chairman of Three Brothers Machinery Industrial Co., Ltd.
(5) Independent Director: Chih-Hung Hsieh
Independent Director of Grand Pacific Petrochemical Corporation
4.Period of permission to engage in the competitive conduct:
For the duration of being employed as a director of the Company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
The proposal has been passed by a majority vote of the shareholders present
in a meeting attended by shareholders representing two thirds or more of the
shares outstanding.
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):N/A
7.Company name of the mainland China area enterprise and the director'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 directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:None
12.Any other matters that need to be specified:None
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Sanyang Motor Co. Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 09:44:02 UTC.
SANYANG MOTOR CO., LTD., formerly Sanyang Industry Co Ltd, is principally engaged in the manufacture and distribution of motor vehicles and spare parts. The Company provides scooters, including products of MIO, Tonik, GTS, RV, Fiddle, Symphony, VS, HD and Citycom series, among others; all terrain vehicles (ATVs), including Track Runner, Quad Lander and Quad Raider series, and automobiles, including products of PORTER, ELANTRA, and i35 GAS series, among others. It also provides electric bicycles and buses, as well as related parts and accessories. The Company distributes its products primarily in Taiwan, Europe, the Americas, Africa, Australia, Hong Kong, Macau, Japan and Southeast Asia.
SANYANG MOTOR CO., LTD. 
