ASCENT — AGM Information 2019

Jul 2, 2019

Chuwa Wool Industry Co,(Taiwan) Ltd. Meeting Notice of 2019 Annual Shareholders’ Meeting

(Summary Translation)

The 2019 Annual Shareholders’ Meeting (the Meeting) of Chuwa Wool Industry Co,(Taiwan) Ltd. will be convened at 9:00 a.m., Monday, June 24, 2019 at Primasia Conference & Business Center (15F, No.99, Fu-Xing North Road, Taipei 105, Taiwan).

• Ⅰ. The agenda for the Meeting is as follows :

• Reporting Items

• (1) The 2018 Annual Business Report.

• (2) The Supervisor Reviews 2018 Annual Final Accounts.

• (3) Revise the "Code of Conduct for Integrity" case of the Company.

• (4) Revise the “Director's Code of Conduct” case of the Company.

• (5) Other Reporting Matters.

• Recognized Items

• (1) The 2018 Annual Business Report and Financial Statement Case.

• (2) 2018 Deficit Compensation Proposal.

• Discussion Items

• (1) Revise the Articles of Association of the Company.

• (2) Revise the "Acquisition or Disposition of Asset Processing Procedures" case of the Company.

• (3) Amend the "Loaning Other Party's Operating Procedures" and "Endorsement Guaranteed Operating Procedures" cases of the Company.

• (4) Re-enact the "Rules of Procedures for Shareholders' Meeting" and "Director's Election Rules" cases of the Company.

• Election Items

• (1) The Election of Directors.

• Other Items

• (1) Dissolving the Non-compete Clause of the new Director and his Representative.

Ⅱ. Director Election:

• There will be a by-election for one independent director at the Meeting. Related information is as follows:

1. Candidate of Independent Director: Jeff C. Young

1. Education and experience of the candidate: please refer to http://mops.twse.com.tw

2. Ⅲ. Pursuant to Article 26-2 of the Securities and Exchange Act, the notice of the shareholders’ meeting to be given by an issuer to shareholders who own less than 1,000 shares of nominal stocks may be given in the form of a public announcement; for a regular shareholders’ meeting, such public announcements shall be served with thirty days prior notice.

3. Ⅳ. During the period from May 25, 2019 to June 21, 2019, shareholders may exercise their voting rights through the electronic voting platform “shareholder e-voting website” of the Taiwan Depository and Clearing Corporation at http://www.stockvote.com.tw.Shareholder who exercises his voting power at the shareholders meeting by way of electronic transmission, shall be deemed to have attended the said shareholders’ meeting in person. In case a shareholder has exercised his voting power via electronic transmission, and also authorized a proxy to attend the shareholders' meeting in his behalf, then the voting power exercised by the authorized proxy for the said shareholder shall prevail.

4. Ⅴ. No souvenirs will be provided at the Annual Shareholders’ Meeting.

Sincerely,

Board of Directors

Chuwa Wool Industry Co,(Taiwan) Ltd.