CPDC — AGM Information 2023

Jul 19, 2023

==> picture [442 x 51] intentionally omitted <==

9-11th F, No.12, Dongxing Road, Taipei 105 Taiwan, ROC May 30, 2023

TEL: 886-2-8787-8187 FAX: 886-2-8787-8111

Dear Shareholders,

We cordially invite you to attend the 2023 Annual General Meeting at 9:30a.m., Taiwan Time, on Friday, June 30, 2023. The meeting will be held at CPDC’s Toufen Plant, No.217, Sec. 2, Ziqiang Rd., Toufen Township, Miaoli County 35145, Taiwan. Only stockholders showing proof of ownership will be allowed to attend the meeting in person.

Pursuant to the meeting date and the Company Act, the shareholder register will be closed from May 2 to June 30, 2023. Shareholders on the register by the book closure date of May 1, 2023, are entitled to vote on the number of shares held on that date at the AGM, regardless of whether they sell their shares during the book closure period.

During the meeting, we will consider and act upon the following matters. We will report on business operations in fiscal year 2022, directors’ remuneration in 2022, and the status of employees’ and directors’ remuneration in fiscal year 2022. The audit committee will report on their review of the financial statements, and we also seek your ratification of the 2022 financial statements and loss appropriation proposal.

This year, we will also discuss a capital raising proposal of up to 500 million shares by domestic public share issuance (cash offering). We also propose amendments to the “Procedures for the Acquisition or Disposal of Assets” to comply with current regulations and request the release of restrictions on competitive activities of directors for business purposes. Please refer to our shareholders’ meeting handbook for more detailed information.

We thank you for your continued support as our shareholders and urge you to vote so that your voice is represented. For any queries, please don’t hesitate to contact our investor relations team at investors@cpdc.com.tw.

I. Report Items

Item 1 2022 Business Report 2 Audit Committee’s Review Report on the 2022 Financial Statements 3 2022 Directors' Remuneration Report. 4 Status of the employees' and directors' remuneration of 2022 5 Other reporting items

1

II. Ratification Items

	Proposal Type	Item	BoardVote Rec.
1	Management	Ratification of the 2022 Business Report andFinancial Statements	FOR
2	Management	Ratification of the 2022 Loss AppropriationProposal	FOR

III. Discussion Items

	Proposal Type	Item	BoardVote Rec.
1	Management	Discussion of the capital raising proposal bydomestic public share issuance (cash offering)with an issue size no greater than 500 millioncommon shares.	FOR
2	Management	Amendment to the “Procedures for theAcquisition or Disposal of Assets”	FOR
3	Management	Release of restriction on competitive activitiesof directors	FOR

We also note that electronic proxy voting is available for this annual shareholders’ meeting on the TDCC e-voting website (https://www.stockvote.com.tw), electronic voting requires a compatible CA digital certificate to log-in, and voting instructions are accepted from May 31, 2023 to June 27, 2023. All proxies collected will be calculated and verified by the CPDC Stock Affairs Office.

Finally, I would like to bring to your attention to the fact that most local custodian banks stop accepting vote instruction five days before the meeting date. These are hard deadlines and late voting will not be accepted. Your votes are very important, and we urge you to vote promptly.

Very sincerely yours,

Steve Ruey-Long Chen Chairman China Petrochemical Development Corporation

2