CATHAY RED — AGM Information 2023

Jun 19, 2023

Cathay Real Estate Development Co., Ltd. 2023 Annual General Shareholders' Meeting Agenda

Matters for Acknowledgement

Agenda 1 ： Adoption of 2022 Business Report and Financial Statements

[Proposed by the Board of Directors]

Explanation:

• 1.The Company's 2022 Financial Statements have been audited by Jung-Huang Hsu /CPA and Chun

• Ting Ma /CPA from Ernst & Young, and an unqualified audit report has been issued.

• 2.The above Financial Statements, together with the Business Report, have been reviewed by the Company's audit committee.

• 3.Please refer to agenda handbook.

Agenda 2 ： Adoption of Proposal for 2022 Earnings Distribution.

• [Proposed by the Board of Directors]

Explanation:

• 1.The Company’s 2022 Earnings Distribution, has according to Article 27 of the Articles of Incorporation, is scheduled to distribute NT$ 0.5 cash dividend per share, and the undistributed profit from the most recent years shall be distributed first.

• 2.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.

• For table of Earnings Distribution please refer to agenda handbook.

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Matters for Election

Agenda 1 ： Re-election of directors due to expiry of term in office.

• [Proposed by the Board of Directors]

Explanation:

• 1.The current directors of the Company shall end their terms of office on 11 June 2023, and an election shall be held during the Annual Meeting of Shareholders on 9 June of this year.

• 2.According to the provisions of Article 17 of the Articles of Incorporation, the board shall consist 9 to 15 directors (including at least three independent directors), and an Audit Committee shall be formed by independent directors. According to actual requirements, nine directors (including three independent directors) shall be elected to form the 20th Board of Directors.

• 3.Directors elected for the 20th Board of Directors shall immediately take office upon election for a term of three years. The term shall begin on 9 June 2023 and end on 8 June 2026.

• 4.We would like to call for the 20th election of Board of Directors. The list of candidates has been reviewed by current Board of Directors and documented. For candidate’s information details are provided in table below. We hereby propose for election.

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Candidates of the Directors and the Independent Directors Profile for the 20th term

Title	Name	Education / Experience
Director	He Hsin Capital Co., Ltd. Representative: Ching-Kuei Chang	Feng Chia University (Bachelor of Architecture) Chairman： Cathay Real Estate Development Co., Ltd.、Cathay Real Estate Management Co., Ltd.、Cathay Healthcare Inc.、Cymbal Medical Network Co., Ltd.、Cymder Co., Ltd.、Cymlin Co., Ltd.、Cathay Real Estate Foundation. Director： Cathay General Hospital Supervisor： Taiwan Real Estate Management Co.,Ltd.
		Number of shares held：22,000,000
Director	He Hsin Capital Co., Ltd. Representative: Hung-Ming Lee	Chinese Culture University (Bachelor of law) Director and President： Cathay Real Estate Development Co., Ltd.、Cathay Real Estate Management Co., Ltd. Chairman： Cathay Hospitality Management Co., Ltd.、Cathay Hospitality Management Consulting Co., Ltd.、Cathay Food & Beverage Group Co., Ltd.、CMG International One Co., Ltd.、CMG International Two Co., Ltd. Director： Cathay Securities Investment Trust Co., Ltd.、Cathay Real Estate Foundation、CathayLife CharityFoundation
		Number of shares held：22,000,000
Director	He Hsin Capital Co., Ltd. Representative: Chung-Yan Tsai	San Francisco State University（Master of Public Administration， MPA） Director and Senior Vice President： Cathay Real Estate Development Co., Ltd. Vice Chairman： Cathay Healthcare Inc. Director： Cathay Life Insurance Co., Ltd.、Cymbal Medical Network Co., Ltd.、 Cymder Co., Ltd.、Cymlin Co., Ltd.、Cathay Real Estate Foundation Vice President： LiangTingEnterprise Co.,Ltd.
		Number of shares held：22,000,000

3

Title	Name	Education / Experience
Director	Cathay Real Estate Foundation Representative: Chung-Chang Chu	York University(Master of Business Administration，MBA) Chairman： May Foong Woolen & Worsted Textile Mill Ltd.、May Foong development Co., Ltd. Director： Cathay Real Estate Development Co., Ltd.、Cathay Life Insurance Co., Ltd.
		Number of shares held：2,353,690
Director	Cathay Real Estate Employees’ welfare Committee Representative: Chin-Liang Lin	National Cheng Kung University(Bachelor of Architecture) Director and Vice President： Cathay Real Estate Development Co., Ltd. Director： Cathay Real Estate Management Co., Ltd.、Cathay Hospitality Management Co., Ltd.、Cathay Hospitality Management Consulting Co., Ltd.、Cathay Food & Beverage Group Co., Ltd.、CMG International One Co., Ltd. CMG International Two Co., Ltd.、Symphox Information Co., Ltd.、Cathay Real Estate Foundation Chairman and President： Jinhua Realty Co., Ltd.、Bannan Realty Co., Ltd.、Sanchong Realty Co., Ltd.、Zhulun RealtyCO.,Ltd.
		Number of shares held：2,754,800
Director	Cathay Life Charity Foundation Representative: Wan-Hu Chuang	University Of Surrey(International College of Hotel Management.) Director and Vice President： Cathay Hospitality Management Co., Ltd.、Cathay Hospitality Management Consulting Co., Ltd.、Cathay Food & Beverage Group Co., Ltd. Director： CathayReal Estate Foundation
		Number of shares held：5,941,332

4

Title	Name	Education / Experience
Independent Director	Yuan-Hsiao Chang	Southern Methodist University (J.D.) Independent Directors： Cathay Real Estate Development Co., Ltd. Chang& Associates,Attorneys-at-Law PresidingLawyer
		Number of shares held：0
Independent Director	Tsu-Kang Yu	Chinese Culture University(Department of Business Administration) Chairman： Union Group Corp.、Union Electric Corp.、Tzu Feng Cultural and Educational Foundation Director： Lunghwa University of Science and Technology、HannsTouch Solution Incorporated、Fengyuan Foundation、Teco TechnologyFoundation
		Number of shares held：0
Independent Director	Li-Kun Lee	Chinese Culture University (Bachelor of law) Director： Republic of China Health Care Foundation、Republic of China Parasite Control Association
		Number of shares held：0

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Matters for Discussion

Agenda 1：Proposal for releasing the prohibition on the Company’s 20th board of directors from participation in competitive business.

• [Proposed by the Board of Directors]

• In accordance with Article 209 of the Company Act, a director who does anything for himself/herself or on behalf of another person that is within the scope of the company's business, shall obtain approval from the shareholders' meeting.

• The Company’s directors who are involved in other companies' operations which are the same or similar to the scope of our company's business, shall according to Article 209 of the Company Act, obtain approval from the shareholders' meeting. It is proposed that if the Company director is elected, his/her prohibition from participation in competitive business (details as follows) be released, and the earnings prior to the release will not be deemed to be earnings of the company.

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Director	Company where position is held concurrently	Positions
Ching-Kuei Chang	Cathay Healthcare Inc. Cymder Co., Ltd. Cymlin Co.,Ltd.	Chairman
	Taiwan Real Estate Management Co., Ltd.	Supervisor
Hung Ming Lee	CMG International One Co., Ltd. CMG International Two Co.,Ltd.	Chairman
Chung-Yan Tsai	Cathay Life Insurance Co., Ltd. Cymder Co., Ltd. Cymlin Co.,Ltd.	Directors
	CathayHealthcare Inc.	Vice President
	Liang Ting Enterprise Co., Ltd.	Vice General Manager
Chin-Liang Lin	Symphox Information CO., Ltd. CMG International One Co., Ltd. CMG International Two Co.,Ltd.	Directors
	Jinhua Realty Co., Ltd. Bannan Realty Co., Ltd. Sanchong Realty Co., Ltd. Zhulun RealtyCO.,Ltd.	Chairman and General Manager
Chung-Chang Chu	May Foong Woolen & Worsted Textile Mill Ltd. MayFoongdevelopment Co.,Ltd	Chairman
	CathayLife Insurance Co.,Ltd.	Directors
Independent Director	Company where position is held concurrently	Positions
Tsu-Kang Yu	Union GroupCorp.	Chairman
	Union Electric Corp.
	HannsTouch Solution Incorporated	Directors

Provisional Motion(s)

Adjournment

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