Taiwan Tea : Meeting Notice for the 2022 Annual general Shareholders' Meeting

TAIWAN TEA CORP.

Meeting Notice of

Annual General Shareholders' Meeting

(Excerpt Translation)

The 2022 Annual General Shareholders' Meeting (the "Meeting") of Taiwan Tea Corp. (the "Company") will convene at 9:00 a.m. on Friday, May 20, 2022 at No. 19, Sanmin Rd., Hukou Township, Hsinchu County, Taiwan (R.O.C.)

• I. The way the meeting is held: Physical shareholders' meeting

• II. Agenda for the Meeting:

  • (1) Election matters

    Re-election of all board members.

  • (2) Report Items:

    • 1. 2021 business report.

    • 2. Audit Committee's 2021 Review Report.

  • (3) Matters to be ratified:

    • 1. Proposal for ratification of the 2021 operational financial statements

      (including the business report and individual financial statements) of the

      Company.

    • 2. Proposal for ratification of the 2021 earning distribution and loss reimbursement of the Company.

    • (3) Discussion Items:

      • 1. Proposal for discussion on the lifting of the non-competition restrictions on new Directors.

      • 2. Proposal for partial amendments to the Company's "Procedures for

        Acquisition or Disposition of Assets."

    • (4) Others and Motions.

• III. The election of 11 Directors (including 4 Independent Directors) in the upcoming Shareholders' Meeting adopts the candidate nomination system. The list of Director candidates are Ching-Yuan Wu (representative of Shan Young Asset Management Co., Ltd.), Yu-Chang Huang (representative of Shan Young Asset Management Co., Ltd.),

Chun-Hui Hsieh (representative of Shan Young Asset Management Co., Ltd.), Chin-Yen Lin, Chih-Kuang Yen (representative of WE-FU Investment Co., Ltd.), Wei-Lin Shao (representative of YSC Marketing Co., Ltd.), Shih-Kai Lei (representative of Chou Chin Industrial Co., Ltd.) and the list of Independent Director candidates are Sheng-Chen Li, Chung-He Sung, Sen-Jung Wang and Li-Chi Yeh. For more information on the education and work experience of the candidates, please proceed to the Market Observation Post System (MOPS, web address:https://mops.twse.com.tw/mops/web/t146sb10), "Public Announcement" section and click on "Announcement on Directors and Supervisors Using Candidate Nomination System (TWSE/TPEX Listed Companies)".

IV. In event that the upcoming Shareholders' Meeting to be convened contains cause(s) or subject(s) listed in the Company Act, Article 172, for the main content, please proceed to MOPS(http://mops.twse.com.tw) and click on "Basic Information", "Electronic Book", "Annual Report and Shareholders' Meeting Related Information (including Depository Receipt Information). Key in the Company's stock code (or abbreviation) and the financial year, and click on "Meeting Handbook and Meeting Supplementary Information" or "Information on Resolutions of Shareholders' Meeting".

V. Pursuant to Article 165 of the Company Act of the Republic of China, the registration of shareholder transfer will be ceased from March 22 to May 20, 2022.

VI. In addition to MOPS, the Company shall also send a hard copy of the aforementioned information, along with an attendance card and a power of attorney. We hope the shareholders would take the time to attend the meeting. If the shareholder opts to attend in person, please fill in the third form of the attendance card (the third form need not be mailed back to us) and bring along to the Shareholders' Meeting. If the shareholder opts to appoint a proxy, please fill in the fourth form, i.e. the power of attorney, and mail back the entire set of forms. Please ensure that the mail reach our stock transfer agency, Grand Fortune Securities (stock transfer department) five (5) days before the Shareholders' Meeting. Grand Fortune Securities shall stamp on the attendance card and mail it back to the shareholder or the proxy appointed. The attendee must bring along the attendance card when attending the Shareholders' Meeting. In the event that the attendance card is not received one day before the Shareholders' Meeting, the attendee shall bring his identification card and stamp when attending the meeting to have the attendance card re-issued.

VII. In event that there are solicitor of proxies, the Company shall compile and upload the information of the written proxy solicitation documentation to the Securities and Futures Institute website (web address:http://free.sfi.org.tw)before April 19, 2022. On the website, investors should key in the stock code/abbreviation of the Company into the "Power of Attorney Query System" for more information.

VIII. Shareholders may exercise their voting rights through the STOCKVOTE platform of Taiwan Securities Central Depository Co., Ltd. (https://www.stockvote.com.tw) during the period fromApril 20 to May 17, 2022.

V. The verification institution of the Meeting is the Registrar Transfer Department of Grand Fortune Securities Corporation.

VI. According to the regulations of the competent authority on epidemic prevention. If the company is affected by the epidemic and is compelled to change the shareholders' meeting spot, such relevant information would be announced by authorized chairmen through the bulletin board on Market Observation Post System.

Board of Directors

TAIWAN TEA CORP.