CATHAY RED — AGM Information 2022

Jun 28, 2022

Cathay Real Estate Development Co., Ltd.

Notice of 2022 Annual General Shareholders’ Meeting

This document is prepared in accordance with the Chinese
version and is for reference only. In the event of any
discrepancy between the English version and the Chinese version,
the Chinese version shall prevail.

• Ⅰ The Annual Meeting of Shareholders shall be held on 17 June 2022 (Friday) 9 am at Courtyard by Marriott Taipei Downtown (Lily Conference Hall located at 2F., No. 6 Section 3, Minsheng East Road, Taipei City.)

• Ⅱ The meeting agenda is as follows:

• (Ⅰ ) Matters to Report ：

  • 1.2021 Business Report.

  2. Audit Committee ’ s Review Report.

  3. 2021 Compensation Report for Employees and Directors.

• (Ⅱ) Matters for Acknowledgement ：

  1. 2021 Business Report and Financial Statements.

  2. 2021 Earnings Distribution.

• ( Ⅲ ) Matters for Discussion ：

  1. Discussion on the amendments of “The Articles of Incorporation” .

  2. Discussion on the amendments of “The Rules of Procedure for Shareholders Meetings” .

  3. Discussion on the amendment of “The Corporation Procedure for the Election of Directors” .

  4. Discussion on the amendment of “The Rules for handling the Acquisition and Disposal of Assets” .

  5. Discussion on the relief of certain directors from their non-competition obligations.

• ( Ⅳ ) Provisional Motion(s).

• Ⅲ For the Company ’ s 2021 Earnings Distribution, NT$ 0.6 cash dividend is to be distributed per share, where undistributed profit from the most recent years shall be distributed first. Upon resolution at the annual meeting of the shareholders, the board of directors is authorized to set the ex-dividend date and adjust the dividend yield based on actual circumstances.

• Ⅳ Any matter under Article 172 of the Company Act shall be described the essential contents in the notice of the reasons for convening the shareholders meeting. Therefore, we hereby propose to approve the releasing of the prohibition on directors from participation in competitive business to the shareholders’ meeting in accordance with Article 209 of the Company Act, and we also propose to release the prohibition on the earnings of such act not being regarded as earnings of the Company.

• Please visit Market Observation Post System to find the related content(website ：

http://mops.twse.com.tw/mops/web/index ) and download the Meeting Agenda for reference.

• Ⅴ In accordance with the regulations of the Company Act, our Company's share transfer shall be suspended from 19 April 2022 to 17 June 2022

• Ⅵ Enclosed please find one copy of the shareholder attendance notice for the Annual General Meeting of Shareholders and a proxy form. If you can’t participate in the Annual General Shareholders’ Meeting, voting rights of the Annual General Meeting of the Shareholders may be exercised via electronic means from 18 May 2022 to 14 June 2022. Please log in through the "Electronic Voting Platform for Shareholders" at the website of Taiwan Depository and Clearing Corporation (http://www.stockvote.com.tw) and vote by following the relevant instructions.

 If you intend to attend in person, please fill out the 2nd
sheet of the notification letter; if you are assigning a
proxy to attend on your behalf, please fill out the power
of attorney on the 5th sheet, and send (mail) to our Company
not later than 5 days before the meeting. For instructions
on the use of power of attorney, please refer to the 6th
sheet.

The proxy statistics and verification institution of the Corporation is the Corporation’s Operation Management Department, Stock Registration Division. Shareholders' attendance registration begins at 8:20 am on the day of the shareholders meeting, and the venue of the place of registration is at the place of meeting.

• Ⅶ If proxy is solicited, the Corporation will upload related information from solicitors to the website of the Securities and Futures Institute before 17 May 2022. Please check the website for further information.

Ⅷ Your action as required shall be very much appreciated.

Best regards,

Board of Directors

Cathay Real Estate Development Co., Ltd.