Stock Code: 2607

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

2017 Annual General Shareholders' Meeting

Meeting Minutes

June 28, 2017

THIS IS A TRANSLATION OF THE MINUTES FOR THE 2017 ANNUAL SHAREHOLDERS' MEETING (THE "MINUTES") OF EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION (THE "COMPANY"). THIS TRANSLATION IS INTENDED FOR REFERENCE ONLY AND NOTHING ELSE, THE COMPANY HEREBY DISCLAIMS ANY AND ALL LIABILITIES WHATSOEVER FOR THE TRANSLATION. THE CHINESE TEXT OF THE MINUTES SHALL GOVERN ANY AND ALL MATTERS RELATED TO THE INTERPRETATION OF THE SUBJECT MATTER STATED HEREIN.

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Minutes of 2017 Annual General Shareholders' Meeting

Meeting Time: June 28 (Wednesday), 2017 9:00 a.m.

Meeting Location: Conference Hall (the 6^th floor)

No. 100, Sec. 2, Hsin-Nan Road, Luchu Dist., Taoyuan City, Taiwan. (R.O.C)

There are 1,067,141,094 shares issued by the Company, the number Attendance: of shareholder representatives attending (including electronic voting or by proxy) make up $675,524,323$ shares, reaching $63.3\%$ of the total issued shares.

Chairman: Mr. Hung, Ping-Kun, the Chairman of the Board

Secretary: Ms. Chen, Jui-Ling

Attendants as guest: Mr. Yu, Fang-Lai, Independent Director / Mr. Chang, Ching-Ho, Independent Director / Mr. Szu, Wen-Chang, Independent Director / Ms. Ko, Lee-Ching, Director/ Mr. Tai, Jiin-Chyuan, Director / Mr. Wey, Maw-Jiunn, Director / Mr. Wu, Kuang-Hui, Supervisor / Mr. Yeh, Jia-Chyuan, Supervisor
I. Report the total number of shares represented at this AGM and announce commencement of the meeting.

II. Chairman's Address: Omitted.

III.Report Items:

A. Business Report of the year 2016 (Handbook pages 7-9).
B. Supervisors' report for the year ended December 31, 2016 (Handbook page 38).
C. 2016 Employees' Compensation, Remuneration of Directors and Supervisors Report: The Board of Directors appropriated NT\$15,000,000 as employees' compensation in cash and NT\$6,000,000 as remuneration of Directors and Supervisors pursuant to the Articles of Incorporation.

IV. Ratification and Discussion Items

Proposed by the Board of Directors

Proposal 1: Ratification of the 2016 Business Report and Audited Financial Statements. (Handbook pages 7-36) Please ratify.

Description: The 2016 Financial Statements of the Company have been audited by Mr. Lai, Chung-Hsi and Mr. Chih, Ping-Chiun, the CPA of PricewaterhouseCoopers, Taiwan, and the 2016 Business Report and Financial Statements have also been reviewed and audited by the Supervisors.

Aggregated Votes $%$ of the total Voting Results Electronic Votes (Including) Votes at the Electronic Votes) time of voting Approval 571,276,571 668,957,040 98.24 Disapproval 548,035 548,035 0.08 Invalidation $\overline{0}$ $\overline{0}$ $\Omega$ Abstention/Unvote 6,018,248 11,380,248 1.67 Total 577,842,854 680,885,323 100

Resolution: Approved after voting. The voting results are as follows:

Proposed by the Board of Directors

Proposal 2: Ratification of 2016 earnings distribution. (Handbook page 37) Please ratify.

Description:

The Company is planning to distribute cash dividend NT\$0.35 per share. The total of cash dividends shall be NT\$373,499,383. The cash dividend distribution will be calculated to the nearest NT dollar, the remainder will be recognized as "Other Non-Operating" Income" of the Company.
If the number of total shares outstanding, prior to the ex-dividend date for the distribution, has changed due to the repurchasing of shares by the Company, the transfer, conversion, cancellation of treasury shares, or the conversion of shares from convertible bonds, etc., such that the ratio of the cash dividends is affected, the chairman of the Board of Directors is authorized to deal relative matters.
Subject to the approval of the annual general shareholders' meeting, the ex-dividend date and payment date for the cash dividend distributions would be decided by the Board of Directors.

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	$\%$ of the total Votes at the time of voting
Approval	571,277,571	668,958,040	98.24
Disapproval	548,035	548,035	0.08
Invalidation
Abstention/Unvote	6,017,248	11,379,248	1.67
Total	577,842,854	680,885,323

Resolution: Approved after voting. The voting results are as follows:

Proposed by the Board of Directors

Proposal 3: Proposal amend the Company's "Articles to of Incorporation." Amendments shown in a comparison table on the Handbook (page 39-45). Please discuss.

Description: Highlights of the amendments are as below:

Considering the reasons with the basis of the remuneration of the Directors and Supervisors changed as the annual profit, and the funding of the competitors for reference, and the reduction in the gap between the upper and lower limits of funding ratio of the remuneration of the Directors and Supervisors and the

compensation of employee, it is proposed to amend paragraph 1 of Article 26 to adjust the proportion of the remuneration of Directors and Supervisors to the profit (before tax) of the current year from not exceeding 5% to not exceeding 2%.

To cope that the Company will establish the Audit Committee to replace the Supervisors after the election of Directors in the Shareholders' Meeting this year, the term "Supervisor" of the Articles shall be removed and the concerning regulations of the Audit Committee shall be added.

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	$%$ of the total Votes at the time of voting
Approval	571,275,379	668, 955, 848	98.24
Disapproval	550,227	550,227	0.08
Invalidation
Abstention/Unvote	6,017,248	11,379,248	1.67
Total	577,842,854	680,885,323	100

Resolution: Approved after voting. The voting results are as follows:

Proposed by the Board of Directors

Proposal 4: Proposal to amend the Company's "Regulations for Electing Directors and Supervisors." Amendments shown in a comparison table on the Handbook (page 46-49). Please discuss.

Description: Highlights of the amendments are as below:

1. To cope that the Company will establish the Audit Committee to replace the Supervisors, the regulation shall be renamed as "Regulations for Electing Directors" and the term "Supervisor" shall be removed from the Articles.
1. To meet the practice, the paragraph 2 of Article 8 is added to prescribe that the Company shall keep the voting papers for at least one year in reference to the "Sample Template for

Procedures for Election of Directors and Supervisors" of the Taiwan Stock Exchange Corporation.

Resolution: Approved after voting. The voting results are as follows:

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	% of the total Votes at the time of voting
Approval	560,493,545	658,174,014	96.66
Disapproval	545,061	545,061	0.08
Invalidation
Abstention/Unvote	16,804,248	22,166,248	3.25
Total	577,842,854	680,885,323

Proposed by the Board of Directors

Proposal 5: Proposal to amend the Company's "Procedures for Acquiring and Disposing of Assets." Amendments shown in a comparison table on the Handbook (page 50-68). Please discuss.

Description: Highlights of the amendments are as below:

1. To cope that the Company will establish the Audit Committee to replace the Supervisors, the term "Supervisor" of the Articles shall be removed and the concerning regulations of the Audit Committee shall be added.
1. The Procedures are also amended in accordance with the amendment of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" announced by Order Financial-Supervisory-Securities-Corporate-1060001296 No. by Financial Supervisory Commission on February 9, 2017.

Resolution: Approved after voting. The voting results are as follows:

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	% of the total Votes at the time of voting
Approval	571,274,545	668,955,014	98.24
Disapproval	550,061	550,061	0.08
Invalidation
Abstention/Unvote	6,018,248	11,380,248	1.67
Total	577,842,854	680,885,323	100

Proposed by the Board of Directors

Proposal 6: Proposal to amend the Company's "Procedures for Transaction of Derivative Products." Amendments shown in a comparison table on the Handbook (page 69-72). Please discuss.

Description: To cope that the Company will establish the Audit Committee to replace the Supervisors, the term "Supervisor" of the Articles shall be removed and the concerning regulations of the Audit Committee shall be added.

Resolution: Approved after voting. The voting results are as follows:

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	% of the total Votes at the time of voting
Approval	571,259,423	668,939,892	98.24
Disapproval	574,183	574,183	0.08
Invalidation
Abstention/Unvote	6,009,248	11,371,248	1.67
Total	577,842,854	680,885,323

Proposed by the Board of Directors

Proposal 7: Proposal to amend the Company's "Procedures for Fund

Lending, Endorsement and Guarantee." Amendments shown in a comparison table on the Handbook (page 73-85). Please discuss.

Resolution: Approved after voting. The voting results are as follows:

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	% of the total Votes at the time of voting
Approval	571,272,545	668,953,014	98.24
Disapproval	561,061	561,061	0.08
Invalidation
Abstention/Unvote	6,009,248	11,371,248	1.67
Total	577,842,854	680,885,323

V. Election Item:

Proposed by the Board of Directors

Proposal to elect the Directors of the Company. Proposal:

Description:

1. Since the term of office of the current Directors and Supervisors had expired on June 11, 2017, and the Company is establishing the Audit Committee to replace the Supervisors, it is proposed to elect nine Directors (including three Independent Directors) according to the provisions of the Articles of Incorporation of the Company. The new Directors, whose term of office shall be three years from June 28, 2017 to June 27, 2020, shall take office after Annual General Shareholders' Meeting, and the current Directors and Supervisors shall be discharged simultaneously.
1. The election of the Directors is conducted under the "candidate nomination system". The Board of Directors reviewed and approved the roster of the Director Candidates on May 9, 2017. The information of the Director Candidates are as Handbook Pages 86-90.

A/C Number	Name	Shareholding	Votes Received
17	Evergreen Marine Corp. (Taiwan) Ltd. Representative : Hung, Ping-Kun	424,061,830	787,399,949
17	Evergreen Marine Corp. (Taiwan) Ltd. Representative : Chang, Kuo-Hua	424,061,830	688,686,607
591	Evergreen International Corp. Representative : Chang, Kuo-Cheng	90,220,968	672,128,647
102249	Chang Yung-Fa Charity Foundation Representative : Ko, Lee-Ching	100,000	647,730,057
591	Evergreen International Corp. Representative : Tai, Jiin-Chyuan	90,220,968	631,869,015
102249	Chang Yung-Fa Charity Foundation Representative : Wey, Maw-Jiunn	100,000	627,062,019
A1226*	Chang, Ching-Ho (Independent Director)	$\mathbf{0}$	622, 311, 292
A1104*	Szu, Wen-Chang (Independent Director)	$\theta$	619,271,036
S1024*	Tseng, Yu-Chin (Independent Director)	$\overline{0}$	617, 336, 775

Election Results: The newly elected directors are as follows:

VI.Other Item:

Proposed by the Board of Directors

Proposal: Discussion on approving the release of restrictions of competitive activities of Directors. Please discuss.

Description:

Directors who, for themselves or others run businesses which

are similar to the business of the Company, shall report to and obtain permission from the shareholders' meeting.

The competitive activities of the Director are as shown in the following table. Therefore, the release of restriction of competitive activities of Director is proposed to the Shareholders' Meeting for approval. (Exhaustive list of Concurrent Positions in Other Companies as Handbook Pages $86-90.$

Director	Concurrent Positions in Other	The Business which is similar
	Companies	to the Company's
Evergreen Marine Corp. (Taiwan) Ltd. Representative : Hung, Ping-Kun	of Director United Stevedoring Corporation Director of Taiwan Terminal Services Corporation Ltd.	Forwarding Harbor Cargoes Services
Evergreen Marine	Director of Evergreen Marine Corp. (Taiwan) Ltd.	Ship Transportation & Container Distributing Center Business
Corp. (Taiwan) Ltd. Representative : Chang, Kao-Hua	Director and Manager of Evergreen International S.A. Director of Evergreen Marine (Hong Kong) Ltd.	Ship Transportation
	of Colon Director and Manager Container Terminal S.A.	Container Distributing Center Business
Evergreen International Corp. Representative :	Director of Qingdao Evergreen Container Storage & Transportation Co., Ltd.	Container Distributing Center Business
Chang, Kuo-Cheng	Director South Asia $\sigma f$ Gateway Terminals (Pvt) Ltd.
Chang Yung-Fa Charity Foundation Representative : Ko, Lee-Ching	Director and Manager of Evergreen International S.A. Director and Manager of Greencompass Marine S.A. Director and Manager of Gaining Enterprise S.A. Marine Director of Evergreen (Singapore) Pte. Ltd.	Ship Transportation
Evergreen International Corp.	of Director Evergreen Container Terminal (Thailand) Ltd.	Container Distributing Center Business
Representative: Tai, Jiin-Chyuan	Director of Taipei Port Container Terminal Corp.	Container Distributing Center Business & Harbor Cargoes Forwarding Services

It is proposed to release the restriction of competitive activities of Directors mentioned above and the juristic persons who present.

Voting Results	Electronic Votes	Aggregated Votes (Including) Electronic Votes)	% of the total Votes at the time of voting
Approval	560, 165, 751	657,846,220	96.61
Disapproval	436,856	436,856	0.06
Invalidation
Abstention/Unvote	17,240,247	22,602,247	3.31
Total	577,842,854	680,885,323	100

Resolution: Approved after voting. The voting results are as follows:

VII. Extraordinary Motions: None.

VIII. Meeting Adjournment

Notes 1: The meeting minutes was recorded in accordance with the provision of paragraph 4 of Article 183 of the Company Law. The meeting audio recording still prevails regarding the meeting content, proceedings and shareholders' statements.
Notes 2: Because the percentage of approval votes, disapproval votes, invalid votes, abstention votes and no votes held by total votes is calculated rounded down to the second decimal place, the total percentage will not be exactly equal to 100.00%.

Ì.

		December 31, 2016		December 31, 2015
Assets	Notes	AMOUNT	$\%$	AMOUNT	$\frac{0}{2}$
Current assets
Cash and cash equivalents	6(1)	\$ 2,885,889	8	2,892,709 \$	8
Available-for-sale financial assets - current 6(2)		862,593	3	1,079,861	3
Notes receivable, net		17,241		11,990
Accounts receivable, net	6(4)	214,087	$\mathbf{1}$	188,619	$\mathbf{1}$
Accounts receivable, net - related parties	$6(4)$ and 7	814,929	2	536,967	$\boldsymbol{2}$
Other receivables		18,394		30,130
Inventories		33,712		35,294
Prepayments		28,023		31,697
Other current assets		8,814		24,456
Total Current Assets		4,883,682	14	4,831,723	14
Non-current assets
Available-for-sale financial assets -	6(2)
non-current		1,238,413	$\overline{4}$	1,065,870	3
Financial assets carried at cost -	6(3)
non-current		3,299		3,674
Investments accounted for using equity	6(5)
method		1,020,304	3	1,074,774	$\sqrt{3}$
Property, plant and equipment, net	$6(6)$ and 7	25, 425, 140	75	25,936,258	76
Investment property, net	6(7)	720,048	$\mathbf{2}$	723,236	$\sqrt{2}$
Intangible assets		3,291		4,045
Deferred income tax assets	6(22)	179,842	1	201,163	1
Other non-current assets	8	326,723	$\mathbf{1}$	241,358	$\mathbf{1}$
Total Non-current Assets		28,917,060	86	29, 250, 378	86
TOTAL ASSETS		\$ 33,800,742	100	34,082,101 \$	100

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars)

(Continued)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars) s)

		(Expressed in thousands of New Taiwan dollars
--	--	-----------------------------------------------	--	--	--	--	--	--

		December 31, 2016		December 31, 2015
Liabilities and Equity	Notes	AMOUNT	$\%$	AMOUNT	$\frac{0}{0}$
Current liabilities
Notes payable		\$ 12,650		\$ 25,318
Accounts payable		349,408	$\mathbf{1}$	305,817
Accounts payable - related parties	7	28,151		27,660
Other payables	6(8)	195,448	$\mathbf{1}$	256,253	1
Other payables - related parties	$6(8)$ and 7	359,766	1	21,321
Current income tax liabilities	6(22)	78,064		77,390
Long-term liabilities, current portion	6(9)	1,296,155	4	1,156,847	4
Other current liabilities, others		60,666		41,218
Total Current Liabilities		2,380,308	7	1,911,824	6
Non-current liabilities
Long-term borrowings	6(9)	6,016,587	18	6,981,080	20
Deferred income tax liabilities	6(22)	2, 111, 187	6	2,032,327	6
Other non-current liabilities	6(10)(11)	1,464,980	4	1,641,081	5
Total Non-current Liabilities		9,592,754	28	10,654,488	31
TOTAL LIABILITIES		11,973,062	35	12,566,312	37
Equity attributable to owners of the parent
Capital stock	6(12)
Common stock		10,671,411	31	10,671,411	31
Capital surplus	6(13)
Capital surplus		4,264,590	13	4, 264, 163	13
Retained earnings	6(14)
Legal reserve		1,951,837	6	1,867,463	5
Unappropriated retained earnings		3,703,763	11	3,294,491	10
Other equity interest	6(15)
Other equity interest		1,094,590	3	1,274,497	4
Equity attributable to owners of the
parent		21,686,191	64	21, 372, 025	63
Non-controlling interest		141,489	$\mathbf{1}$	143,764
Total equity		21,827,680	65	21, 515, 789	63
Significant contingent liabilities and	9
unrecognized contract commitments
Significant events after the balance sheet	11
date
TOTAL LIABILITIES AND EQUITY		\$ 33,800,742	100	34,082,101 \$	100

The accompanying notes are an integral part of these consolidated financial statements.

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

						Years ended December 31
			2016			2015
Items	Notes		AMOUNT	$\frac{0}{0}$		AMOUNT	$\frac{0}{6}$
Operating revenue	$6(16)$ and 7	\$	7,472,097	100	\$	7,348,665	100
Operating costs	$6(20)$ and 7		$6, 201, 145$ ) (	83) (		$6, 104, 974$ ) (	83)
Gross profit			1,270,952	17		1,243,691	17
Operating expenses	$6(20)$ and 7		254,935) (	3)		282, 257)	$\overline{4}$
Operating profit			1,016,017	14		961,434	13
Non-operating income and expenses
Other income	6(17)		167,628	2		165,244	2
Other gains and losses	6(18)		40,478)			17,746
Finance costs	6(19)		$160,011)$ (	$2)$ (		$122,918$ ) (	1)
Share of profit of associates and joint	6(5)
ventures accounted for using equity method
			29,483			18,180
Total non-operating income and expenses			3,378)			78,252
Profit before income tax			1,012,639	14		1,039,686	14
Income tax expense	6(22)		$203,624)$ (	$\overline{3}$ )		196,399)	3)
Profit for the year		\$	809,015	11	\$	843,287	11
Other comprehensive income, net	6(15)
Items that will not be reclassified to profit
or loss
Remeasurement of defined benefit plan		\$	67,787		1(	34,441)
Share of other comprehensive loss of
associates and joint ventures accounted for
using equity method, items that will not be
reclassified to profit or loss			2)			43)
Income tax relating to the components of $6(22)$
other comprehensive profit			11,524)			5,855
Items that will be reclassified to profit or loss
Exchange differences arising on
translation of foreign operations			$190, 801)$ (	3)		369,867	5
Unrealized gain (loss) on valuation of
available-for-sale financial assets			15,546			455,895)(	6)
Income tax relating to the components of $6(22)$
other comprehensive profit			4,353)			15,337
Total other comprehensive loss for the
year, net		$($ \$	$123,347$ ) (		2 ) ( $\frac{1}{2}$ )	99,320) (	$\perp$
Total comprehensive income for the year		\$	685,668	9		743,967	10
Profit (loss) attributable to:
Owners of the parent		\$	810,884	11	\$	843,743	11
Non-controlling interest			1,869)			456)
		\$	809,015	11	\$	843,287	11
Comprehensive income (loss) attributable
to: Owners of the parent
Non-controlling interest		\$	687,238 1,570)	9	\$	744,446 479)	10
		\$	685,668	9	\$	743,967	10

Earnings per share	6(23)
Basic earnings per share (in dollars)		↨		0.76	\$		0.79
Diluted earnings per share (in dollars)		\$		0.76	\$		0.79

The accompanying notes are an integral part of these consolidated financial statements.

				(Expressed in thousands of New Taiwan dollars)	EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
					Equity attributable to owners of the parent
					Retained Earnings		Other equity interest
	Notes	Common stock	Capital surplus	Legal reserve	retained earnings Unappropriated	translation of differences arising on operations Exchange foreign		gain on valuation of available-for-sale Unrealized (loss) financial assets	Total		Non-controlling interest	Total equity
2015
Balance at January 1, 2015		\$10,671,411	504 \$4,263,	\$1,800,628	2,919,711 ↮	419,167 ↮	↮	925,998	\$21,000,419	↔	175,407	\$21,175,826
Appropriation of 2014 earnings
Legal reserve				66,835	66,835)
Cash dividends					373, 499)				373,499)		5,892)	379,391)
Changes in equity of associates and joint ventures accounted for using equity method			659						659			659
Profit (loss) for the year					843,743				843,743		456)	843,287
Other comprehensive (loss) income for the year	6(15)				28,629)	369,890		440,558)	99,297)		23)	99,320)
Changes in non-controlling interests											25,272	25,272
Balance at December 31, 2015		\$10,671,411	.163 4,264, ↮	1,867,463 ↮	3,294,491 ا⇔	789,057 ادت	↮	485,440	.372,025 \$21	مة	143,764	\$21,515,789
2016
Balance at January 1, 2016		\$10,671,411	\$4,264,163	\$1,867,463	3,294,491 ↮	789,057 ↮	↮	485,440	\$ 21, 372, 025	↮	143,764	\$21,515,789
Appropriation of 2015 earnings
Legal reserve				84,374	$84,374$ )
Cash dividends					373,499)				373,499)		705)	374,204)
Changes in equity of associates and joint ventures accounted for using equity method			427						427			427
Profit (loss) for the year					810,884				810,884		$1,869$ )	809,015
Other comprehensive income (loss) for the year	6(15)				56,261	$191,100$ )		11,193	123,646		299	123,347
Balance at December 31, 2016		\$10,671,411	590 \$4,264	1,951,837 e	3,703,763 ↔	597,957 ↮	↔	496,633	\$21,686,191	÷,	141,489	\$21,827,680

The accompanying notes are an integral part of these consolidated financial statements.

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)

			Years ended December 31
	Notes		2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		\$	1,012,639	\$	1,039,686
Adjustments
Adjustments to reconcile profit (loss)
Depreciation	6(20)		1,827,674		1,661,536
Amortisation	6(20)		2,290		2,240
Bad debt expense	6(4)		22
Interest expense	6(19)		159,792		122,631
Interest income	6(17)	(	$25,908$ ) (		20,706)
Dividend income	6(17)	$\overline{(\ }$	$106,711)$ (		99,096)
Share of profit of associates and joint ventures	6(5)
accounted for using equity method		$\overline{(\ }$	$29,483$ ) (		18,180)
Loss on disposal of property, plant and equipment	6(18)		12,068		17,182
Gain on disposal of investments	6(18)	$\overline{(\ }$	$600)$ (		1,747)
Gain on disposal of investments accounted for using
equity method					17,366)
Impairment loss of financial assets					3,977
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable, net		$\left($	$5,251$ ) (		1,208)
Accounts receivable, net		$\overline{(\ }$	25,490)		1,629
Accounts receivable, net - related parties			277,962) (		170,381)
Other receivables			13,155	€	23,017)
Inventories			1,582		1,425
Prepayments			3,674		8,457
Other current assets			15,642	$\left($	26,106)
Changes in operating liabilities
Notes payable		$\overline{\phantom{a}}$	12,668)		26,769
Accounts payable			43,591		4,184
Accounts payable - related parties			491		1,037
Other payables			40,370		863
Other payables - related parties		(	8,578)		3,131
Other current liabilities, others			19,448		27,032)
Other non-current liabilities			106,963)		51,701)
Cash inflow generated from operations			2,552,824		2,438,207
Interest received			24,490		21,138
Interest paid			$153,608$ ) (		115,263)
Income tax paid			118,734)		138,070)
Net cash flows from operating activities			2,304,972		2,206,012

(Continued)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)

			Years ended December 31
	Notes		2016	2015
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of available-for-sale financial assets		(	$1,100,000$ ) (\$	820,000)
Proceeds from disposal of available-for-sale financial assets			1,158,600	863,747
Capital stock reduction of financial assets carried at cost			375
Disposal of investments accounted for using equity method				44,618
Disposal of a subsidiary				22,716
Disposal of a subsidiary, net of cash transferred out				33,610)
Capital stock reduction of investment accounted for using
equity method			36,950
Acquisition of property, plant and equipment (including	6(24)
prepayments for equipment)		€	$1,459,883$ ) (	$3,603,776$ )
Proceeds from disposal of property, plant and equipment			14,047	9,777
Increase in refundable deposits		€	100)
Acquisition of intangible assets			1,536)	3,027)
Increase in other non-current assets - other financial assets				1,180)
Decrease in other non-current assets - other financial assets			485
Dividends received			143,137	134,453
Net cash flows used in investing activities			$1,207,925$ )	3,386,282)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in long-term borrowings			493,808	1,753,069
Repayment of long-term borrowings			$1,177,019$ ) (	520,331)
Increase in guarantee deposits received				1,374
Decrease in guarantee deposits received			1,351)
Dividends paid	6(14)		374,204)	379,391)
Net cash flows (used in) from financing activities			$1,058,766$ )	854,721
Effect of exchange rate changes			45,101)	111,424
Net decrease in cash and cash equivalents			6,820)	214, 125)
Cash and cash equivalents at beginning of year			2,892,709	3,106,834
Cash and cash equivalents at end of year		\$	2,885,889	\$ 2,892,709

The accompanying notes are an integral part of these consolidated financial statements.

$\mathcal{A}^{\mathcal{A}}$

Assets	Notes	December 31, 2016 AMOUNT	$\%$	December 31, 2015 AMOUNT	$\%$
Current assets
Cash and cash equivalents	6(1)	\$ 225,779	$\mathbf{1}$	\$ 431,891	$\overline{\mathbf{c}}$
Available-for-sale financial assets - current 6(2)		862,593	4	1,079,861
Notes receivable, net		17,241		11,990
Accounts receivable, net	6(4)	214,087	1	188,619	1
Accounts receivable, net - related parties	$6(4)$ and 7	346,626	$\mathbf{1}$	202,224	1
Other receivables		3,885		1,802
Inventories		33,712		35,294
Prepayments		10,806		14,141
Other current assets		8,814		7,125
Total Current Assets		1,723,543	7	1,972,947	8
Non-current assets
Available-for-sale financial assets - non-	6(2)
current		1,109,643	$\overline{4}$	936,232	4
Financial assets carried at cost - non-	6(3)
current		3,299		3,674
Investments accounted for using equity	6(5)
method		11,418,503	45	11, 144, 212	44
Property, plant and equipment, net	$6(6)$ and 7	9,961,045	39	9,998,108	39
Investment property, net	6(7)	720,048	$\mathfrak{Z}$	723,236	$\mathfrak{Z}$
Intangible assets		3,291		4,045
Deferred income tax assets	6(21)	179,842	$\mathbf{1}$	201,163
Other non-current assets	$\bf 8$	326,723	1	241,358	1
Total Non-current Assets		23,722,394	93	23, 252, 028	92
TOTAL ASSETS		\$ 25, 445, 937	100	\$ 25, 224, 975	100

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars)

$\mathcal{L}{\mathcal{A}}$ and $\mathcal{L}{\mathcal{A}}$ are the set of the set of the set of the set of $\mathcal{A}$

(Continued)

Liabilities and Equity	Notes	December 31, 2016 AMOUNT	$\frac{0}{6}$	December 31, 2015 AMOUNT	$\overline{\frac{0}{0}}$
Current liabilities
Notes payable		\$ 12,650		\$ 25,318
Accounts payable		248,392	1	210,284	1
Accounts payable - related parties	7	25,353		25,281
Other payables	6(8)	187,176	1	248,866	1
Other payables - related parties	$6(8)$ and 7	24,793		21,321
Current income tax liabilities	6(21)	78,064	1	77,346
Other current liabilities		42,078		41,218
Total Current Liabilities		618,506	$\mathfrak{Z}$	649,634	$\boldsymbol{2}$
Non-current liabilities
Deferred income tax liabilities	6(21)	2, 111, 187	8	2,032,327	8
Other non-current liabilities	6(9)(10)	1,030,053	4	1,170,989	5
Total Non-current Liabilities		3, 141, 240	12	3,203,316	13
TOTAL LIABILITIES		3,759,746	15	3,852,950	15
Equity
Capital stock	6(11)
Common stock		10,671,411	42	10,671,411	42
Capital surplus	6(12)
Capital surplus		4,264,590	17	4, 264, 163	17
Retained earnings	6(13)
Legal reserve		1,951,837	8	1,867,463	8
Unappropriated retained earnings		3,703,763	14	3,294,491	13
Other equity interest	6(14)
Other equity interest		1,094,590	$\overline{4}$	1,274,497	5
Total equity		21,686,191	85	21,372,025	85
Significant contingent liabilities and	9
unrecognized contract commitments
Significant events after the balance sheet 11
date
TOTAL LIABILITIES AND EQUITY		\$ 25, 445, 937	100	\$ 25, 224, 975	100

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION PARENT COMPANY ONLY BALANCE SHEETS (Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

					Years ended December 31
			2016			2015
Items	Notes		AMOUNT	$\%$		AMOUNT	$\%$
Operating revenue	$6(15)$ and 7	\$	4,414,903	100	\$	4,433,405	100
Operating costs	$6(19)$ and 7		$3,709,748$ ) (	84)		$3,712,835$ )	84)
Gross profit			705,155	16		720,570	16
Operating expenses	$6(19)$ and 7		202,348) (	5)		222, 154)	$\overline{5}$
Operating profit			502,807	11		498,416	11
Non-operating income and expenses
Other income	6(16)		62,764	$\mathfrak{2}$		93,027	2
Other gains and losses	6(17)		9,067)			14,261
Finance costs	6(18)		526)			567)
Share of profit of subsidiaries, associates	6(5)
and joint ventures accounted for using
equity method			458,461	10		433,330	10
Total non-operating income and
expenses			511,632	12		540,051	12
Profit before income tax			1,014,439	23		1,038,467	23
Income tax expense	6(21)		203, 555)	$\overline{4}$		194,724)	$\overline{4}$
Profit for the year			810,884	19	\$	843,743	19
Other comprehensive income, net	6(14)
Items that will not be reclassified to profit
or loss
Remeasurement of defined benefit plan		\$	55,476	1(		16,686)
Share of other comprehensive income
(loss) of subsidiaries, associates and joint ventures accounted for using equity
method, items that will not be reclassified
to profit or loss			12,309			$17,798$ ) (
Income tax relating to the components of $6(21)$				-6			1)
other comprehensive profit			11,524)			5,855
Items that will be reclassified to profit or
loss
Exchange differences arising on
translation of foreign operations			$179,677$ ) (	4)		363,890	8
Unrealized gain (loss) on valuation of
available-for-sale financial assets			14,143	- (		458,632) (	10)
Share of other comprehensive income
(loss) of subsidiaries, associates and joint
ventures accounted for using equity
method, items that will be reclassified to
profit or loss			$10,020$ )			8,737
Income tax relating to the components of $6(21)$
other comprehensive profit			4,353)			15,337
Total other comprehensive loss for the
year, net		( \$	$123,646$ ) (	3)	$($ \$	99,297)	$\overline{2})$
Total comprehensive income for the year		\$	687,238	16	$\boldsymbol{\mathsf{\$}}$	744,446	17

Earnings per share	6(22)
Basic earnings per share (in dollars)		$\overline{\imath}$		0.76	\$		0.79
Diluted earnings per share (in dollars)		\$		0.76	\$		0.79

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY (Expressed in thousands of New Taiwan dollars)

373,499) 373,499) 659 123,646) 427 \$21,000,419 843,743 99,297 \$21,372,025 810,884 ,372,025 Total equity 686,191 \$21, \$21; 440,558) available-for-sale 925,998 485,440 Unrealized (loss) 485,440 11,193 496,633 financial assets valuation of gain on Other equity interest $\leftrightarrow$ $\leftrightarrow$ 191,100) translation of 369,890 419,167 789.057 789,057 597.957 differences Exchange arising on operations foreign Ø $\leftrightarrow$ 66,835)
373,499) 84, 374)
373, 499) Unappropriated 28,629) 843,743 2,919,711 $$3,294,491$ 810,884 56,261 703,763 294,491 earnings retained Retained Earnings $\sim$ $\sim$ S 84,374 $$1,867,463$ Legal reserve $$1,800,628$ 66,835 1,867,463 1,951,837 659 427 \$4,263,504 \$4,264,163 \$4,264,163 \$4,264,590 Capital surplus Common stock $$10,671,411$ $$10,671,411$ 10,671,411 $$10,671,411$ Notes $6(13)$ $6(14)$ 6(13) $6(14)$ Changes in equity of subsidiaries, associates and Changes in equity of subsidiaries, associates and Other comprehensive (loss) income for the year Other comprehensive income (loss) for the year joint ventures accounted for using equity joint ventures accounted for using equity Balance at December 31, 2015 Balance at December 31, 2016 Appropriation of 2014 earnings Appropriation of 2015 earnings Balance at January 1, 2015 Balance at January 1, 2016 Profit for the year Profit for the year Cash dividends Cash dividends Legal reserve Legal reserve method method 2016 2015

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS (Expressed in thousands of New Taiwan dollars)

				Years ended December 31
	Notes		2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		\$	1,014,439	\$	1,038,467
Adjustments
Adjustments to reconcile profit (loss)
Depreciation	6(19)		263,228		246,727
Amortization	6(19)		2,290		2,240
Bad debt expense	6(4)		22
Interest expense	6(18)		307		280
Interest income	6(16)	(	$3,529$ ) (		7,371)
Dividend income	6(16)	$\overline{\mathcal{L}}$	$48,326$ ) (		75,693)
Share of profit of subsidiaries, associates and joint	6(5)
ventures accounted for using equity method		(	$458,461$ ) (		433,330)
Gain on disposal of property, plant and equipment	6(17)	(	$9,532$ ) (		9,701)
Gain on disposal of investments	6(17)		$600)$ (		1,747)
Gain on disposal of investments accounted for using equity method					7,586)
Impairment loss of financial assets				€	3,977
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable, net			$5,251$ ) (		734)
Account receivable, net			25,490)		7,913
Accounts receivable, net - related parties			$144,402$ ) (		2,220)
Other receivables			2,210)		1,997
Inventories			1,582		1,907
Prepayments			3,335		3,232
Other current assets		$\overline{\phantom{a}}$	$1,689$ ) (		6,261)
Changes in operating liabilities
Notes payable		$\overline{(\ }$	12,668)		25,127
Accounts payable			38,108	$\left($	9,418)
Accounts payable - related parties			72		677
Other payables			40,603		363
Other payables - related parties			8,578)		3,131
Other current liabilities		€	860		8,710)
Other non-current liabilities			84,109)		39,834)
Cash inflow generated from operations			560,001		733,433
Interest received			3,656		7,618
Interest paid			$307$ )		280)
Income tax paid			118,620)		135,894)
Net cash flows from operating activities
			444,730		604,877

(Continued)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)

	Years ended December 31
	Notes		2016	2015
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of available-for-sale financial assets		$($ \$	$1,100,000$ ) (\$	820,000)
Proceeds from disposal of available-for-sale financial
assets			1,158,600	863,747
Capital stock reduction of financial assets carried at cost	6(3)		375
Disposal of investments accounted for using equity method				22,716
Acquisition of property, plant and equipment (including	6(23)
prepayments for equipment)		€	$403,485$ ) (	$617,321$ )
Proceeds from disposal of property, plant and equipment			14,047	9,777
Increase in refundable deposits		(	100)
Acquisition of intangible assets			$1,536$ ) (	3,027)
Increase in other non-current assets - other financial assets				1,180)
Decrease in other non-current assets - other financial assets			485
Dividends received			55,622	86,415
Net cash flows used in investing activities			275,992)	458,873)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in guarantee deposits received				1,374
Decrease in guarantee deposits received			1,351)
Dividends paid	6(13)		373,499)	373,499)
Net cash flows used in financing activities			374,850)	372,125)
Net decrease in cash and cash equivalents			$206,112$ ) (	226,121)
Cash and cash equivalents at beginning of year			431,891	658,012
Cash and cash equivalents at end of year		\$	225,779	\$ 431,891

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

2016 PROFIT ALLOCATION PROPOSAL

	Unit: NT\$
Unappropriated Retained Earnings of Previous Years	\$2,836,617,262
Plus:
Adjustments for Retained Earnings of Year 2016	56, 261, 379
Adjusted Unappropriated Retained Earnings	2,892,878,641
Plus:
Profit of 2016	810,883,855
Less:
Legal Reserve	(81,088,386)
Retained Earnings in 2016 Available for Distribution	3,622,674,110
Distribution Item:
Shareholders' Dividends (Cash Dividends: NT\$0.35 per share)	373,499,383
Unappropriated Retained Earnings	\$3,249,174,727

(Note): The surplus of year 2016 is allocated by priority

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Article of Incorporation Before and After Amendments

After Amendments	Before Amendments	Reason for Amendment
CHAPTER 4 DIRECTORS AND MANAGERS	CHAPTER 4 DIRECTORS, AND SUPERVISORS MANAGERS	According to the Article 14-4 of the Securities and Exchange Act, the Audit Committee is established to replace the supervisors. Thus, the Article is amended.
Article 15	Article 15	1. To modify the number of directors for the
The Company shall have seven to nine $(2{\sim}9)$ Directors. The election of the Directors shall adopt the candidate nomination system provided in the Article 192-1 of the The Company Act. shareholders shall elect the Directors from the list of candidates announced by the The following Company. matters shall be processed according to the relevant regulations. The total number of shares that should be held by all	The Company shall have five to nine $(5-9)$ Directors and three (3) Supervisors. The election of the Directors and Supervisors shall adopt nomination candidate the system provided in the Article 192-1 of the Company Act. The shareholders shall elect the Directors and Supervisors from the list of candidates announced by the Company. The following matters shall be processed according to the relevant regulations. The total number of shares	actual demands. 2. To cope that the Company establishes the Audit Committee to replace the Supervisors, the concerning term "supervisor" shall be removed from the Article.
preceding Directors shall be subject to the provision	that should be held by all preceding Directors and
established by the Securities	Supervisors shall be subject to
Management Institution.	the provision established by Securities Management the Institution.
Article 15-1	Article 15-1	To that the $\log$ cope
The number of the Directors set forth in the preceding	The number of the Directors set forth in the preceding article shall include three(3) article shall include two(2) to	Company establishes the Audit Committee, thus, number the of the

After Amendments	Before Amendments	Reason for Amendment
Independent Directors. The independent and non- independent directors shall be elected at the same time, but the number of votes shall be calculated separately. The professional qualifications, restrictions on shareholdings and concurrent positions held, assessment of independence, method of nomination and election, and other matters for compliance with respect to Independent Directors shall be subject to the Securities and Exchange other relevant and Act regulations.	three(3) Independent Directors. The independent and non- independent directors shall be elected at the same time, but the number of votes shall be calculated separately. The professional qualifications, restrictions on shareholdings and concurrent positions held, assessment of independence, method of nomination and election, and other matters for compliance with respect to Independent Directors shall be subject to the Securities and Exchange other relevant and Act regulations.	Independent Directors is amended according to the Article $14 - 4$ of the Securities and Exchange Act.
Article 16 The Directors shall be elected at the Shareholders' Meeting their competence and disposing capacity. They shall have a three-year term of office and are eligible for re-election. The Directors may, according to Article 199 of the Company Act, be discharged at any time by a resolution passed at a Shareholders' Meeting.	Article 16 The Directors the and Supervisors shall be elected at and they are selected due to the Shareholders' Meeting and they are selected due to their competence and disposing capacity. They shall each have a three-year term of office and are eligible for re-election. The Directors or Supervisors may, according to Article 199 and Article 227 of the Company Act, be discharged at any time by a resolution passed at a Shareholders' Meeting.	To the that cope Company establishes the Audit Committee to replace the Supervisors, the concerning term "supervisor" shall be removed from the Article and some words shall be modified.

After Amendments

Article 17

When the dismissal $\alpha$ f $Directory(s)$ results $in$ the number of directors less than $five(5)$ , the Company shall hold supplementary election for Director at the next following Shareholders' Meeting. When the number of vacancies of Directors reaches one-third of the total number of Directors. the Board of Directors shall Shareholders' convene $\overline{a}$ Meeting for supplementary election within 60 days from the date $\alpha$ which the situation arose. Its term of office shall only be limited to full replenishment of the original term of office.

When the dismissal of Independent $Directory(s)$ result in the number of Independent Directors less than the number providing in the paragraph 1 of the Article 15-1, the Company shall hold supplementary election for Independent Director(s) at the next following Shareholders' Meeting. When $a¹¹$ Independent Directors have been dismissed, the Board of Directors shall convene a Shareholders' Meeting for electing Independent

Before Amendments

Article 17

When the dismissal $\alpha$ f $Directory(s)$ results in the number of directors less than $five(5)$ , the Company shall hold supplementary election for Director at the next following Shareholders' Meeting. When the number of vacancies of Directors reaches one-third of the total number of Directors, or when the Supervisors are all dismissed, the Board of Directors shall Shareholders' convene a Meeting for supplementary election within 60 days from the date on which the situation arose. Its term of office shall to only be limited full replenishment of the original term of office.

When the dismissal $\sigma$ f Independent Director(s) result in the number of Independent Directors less than the number providing in the paragraph 1 of the Article $15-1$ , the Company shall hold supplementary election for Independent Director(s) at the next following Shareholders' When Meeting. all Independent Directors have been dismissed, the Board of Directors shall convene a Shareholders' Meeting for

To cope that the Company establishes the Audit Committee $\overline{f}$ replace the Supervisors. the concerning term "supervisor" shall be removed from the Article.

Reason for Amendment

After Amendments	Before Amendments	Reason for Amendment
Directors within 60 days	electing Independent Directors
	from the date on which the within 60 days from the date
situation arose.	on which the situation arose.
Article 20	Article 20	To that the cope
Notices of the Board Meeting shall be dispatched to each of the Directors seven $(7)$ days prior to convening such meeting. Nevertheless, in case of emergency, the said meeting may be convened anytime.	Notices of the Board Meeting shall be dispatched to each of the Directors and supervisors seven $(7)$ days prior to such meeting. convening Nevertheless, in _of case emergency, the said meeting may be convened anytime.	Company establishes the Audit Committee to replace the Supervisors, the concerning term "supervisor" shall be removed from the Article.
conducted in the form of writing or by way of e-mail or fax. Where a Director is unable to authorize another may Director to attend on his conducted thereat and the scope of the authority to be granted.	The notice set forth in the The notice set forth in the preceding paragraph may be preceding paragraph may be conducted in the form of writing or by way of e-mail or fax. Where a Director is unable to attend a Board Meeting, he attend a Board Meeting, he authorize may another Director to attend his on behalf by issuing a power of behalf by issuing a power of attorney in the latter's favor attorney in the latter's favor specifying the business to be specifying the business to be conducted thereat and the scope of the authority to be granted.
Article 22	Article 22	To with cope the
The Company shall establish Audit Committee the 1n accordance with Article 14-4 the Securities of and Exchange Act. The exercise of power and others of the Audit Committee and its shall members be 1n	The Supervisors shall execute his duty in accordance with the Company Act and related regulations.	establishment the of Audit Committee, the exercise of power and of the Audit others Committee and its members shall be specified, that are regulated the with Securities and Exchange Act and the relevant laws

After Amendments	Before Amendments	Reason for Amendment
accordance with the		and regulations.
Securities and Exchange Act
and the relevant laws and
regulations.
Article 23	Article 23	To that the cope
	The Compensation of the The Compensation of the	Company establishes the Audit
Directors (the)	Directors and Supervisors (the	Committee to replace the Supervisors,
be "Compensation") to	"Compensation") be to	the concerning term
	resolved by the Board of the resolved by the Board of the	"supervisor" shall be
Directors authorized herein	Directors authorized herein	removed from the Article
will be based on the level of	will be based on the level of	and some words shall be
each one's participation in	each one's participation in and	modified.
and the value of individual's	value of individual's the
contribution the to	contribution to the Company's
Company's operation as well	operation as well the as
as the ordinary standard of competitors' the	ordinary standard of the
Compensation.	competitors' Compensation. In order to cover the loss
In order to cover the loss	causing from liabilities of the
causing from liabilities of the	Directors and Supervisors and
Directors and raise to	to raise awareness of corporate
of corporate awareness	the governance, Company
governance, the Company	liability take may out
liability take out may	insurance for all Directors,
insurance for all Directors	Supervisors, the and
and the representatives who	representatives who are
designated by the are	designated by the Company to
Company to its investing	its investing companies to act
companies to act as Director	as Director or Supervisor
Supervisor during their _or	during their terms of offices.
terms of offices.
Article 25	Article 25	To that the cope
After the end of each fiscal	After the end of each fiscal	Company establishes the Audit Committee to
year of the Company, the	year of the Company, the	replace the Supervisors,
Board of Directors shall	Board of Directors shall	the concerning term
submit and prepare	the prepare the following reports	"supervisor" shall be

After Amendments	Before Amendments	Reason for Amendment
following the reports to Annual General Meeting of the Shareholders for approval legal according to procedures: 1. Business report. 2. Financial statements. 3. Proposal for allocation of surplus profit or making up loss.	which shall be delivered to the Supervisors thirty $(30)$ days in advance $\Omega$ the Annual Meeting of General the Shareholders for the auditing and preparation of reports thereof, which shall be approved by the shareholders the Annual General at Meeting: 1. Business report. 2. Financial statements. 3. Proposal for allocation of surplus profit or making up loss.	removed from the Article and some words shall be modified.
Article 26 Minimum $1\%$ of profit of the current year distributable as employees' compensation and not exceed $2\%$ of profit of the current year distributable directors' as shall be remuneration distributed when have profit. Company However, the Company's Company's $before \mid$ been covered employees' distributing compensation and directors' remuneration by the aforementioned principles.	Article 26 Minimum $1\%$ of profit of the current year distributable as employees' compensation and not exceed $5\%$ of profit of the current year distributable as remuneration of Directors and shall Supervisors be the distributed when the Company have profit. However, the accumulated accumulated losses shall have losses shall have been covered before distributing employees' compensation and remuneration of Directors and Supervisors by the aforementioned principles.	Considering the reasons with the basis of the remuneration of the directors and supervisors changed as the annual profit, and the funding of competitors the for reference, the and reduction in the gap between the upper and lower limits of funding ratio of the remuneration directors the of and supervisors and the compensation -of employee, the SO Paragraph 1 is amended to adjust the ratio of the remuneration of directors and supervisors to the annual profit.
	Employees' compensation Employees' compensation may be distributed in the $\vert$ may be distributed in the form

After Amendments	Before Amendments	Reason for Amendment
form of shares or in cash; directors' Remuneration shall be distributed in the form of cash only. The profit set out in the first Paragraph is meaning thereto income before income tax of the current year including the of profit employees' compensation and directors' remuneration. The amount of payment of the employees' compensation the Directors' and remuneration and with the distribution manner of the employees' compensation shall be adopted by a majority vote at a meeting of the Board _of directors attended by two-third of the total number of directors and then to be reported to the shareholders meeting.	of shares cash; or in Remuneration of Directors and Supervisors shall be distributed in the form of cash only. The profit set out in the first Paragraph is meaning thereto income before income tax of the current year including the of profit employees' compensation and remuneration of Directors and Supervisors. The amount of payment of the employees' compensation and the remuneration of Directors and Supervisors and with the distribution of the manner employees' compensation shall be adopted by a majority vote at a meeting of the Board Directors attended by $\sigma f$ two-third of the total number of directors and then to be reported to the shareholders meeting.
Article 29 Add "The 43rd amendment is made on June 28, 2017" according to the original article.	Article 29 Omitted.	Add the amended date.

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Regulations for Electing Directors and Supervisors Before and After Amendments

After Amendments	Before Amendments	Reason for Amendment
REGULATIONS FOR ELECTING DIRECTORS	REGULATIONS FOR ELECTING DIRECTORS AND SUPERVISORS	Name amendment goes in line with the replacement of the supervisors with the Audit Committee.
Article 1 The election of the Directors of the Company handled shall be $\left \text{in} \right $ accordance with the Regulations.	Article 1 The election of the Directors and Supervisors of the Company shall be handled in accordance with the Regulations.	The word "Supervisors" is deleted so as to go in line with the replacement of the supervisors with the Audit Committee.
Article 2 The election $\circ$ of the nomination $ $ candidate system provided in the 192-1 of Article the The Company Law. shareholders shall elect following matters shall be processed according to the relevant regulations.	Article 2 The election of the Directors shall adopt the Directors and Supervisors shall adopt the candidate nomination system provided in the Article 192-1 of the Company The Law. shareholders the Directors from the list shall elect the Directors of candidates announced $\vert$ and Supervisors from the by the Company. The list of candidates the announced by Company. The following matters shall be processed according to the relevant regulations.	The word "Supervisors" is deleted so as to go in line with the replacement of the supervisors with the Audit Committee.
Article 2-1 The election _of the	Article 2-1 The election of the Directors of the Company Directors and Supervisors	The word "Supervisors" is deleted and phrases are modified so as to go in

After Amendments	Before Amendments	Reason for Amendment
shall		be executed by of the Company shall be line with the replacement
	adopting the method of executed by adopting the of the supervisors with
accumulative voting by	method of accumulative the Audit Committee.
open vote. Each share	voting by open vote. Each
held by a shareholder	share held by a
shall be entitled to the shareholder	shall be
	number of right-to-vote entitled to the number of
	equal to the number of right-to-vote equal to the
	Directors to be elected. A number of Directors or
shareholder	$\max$ Supervisors to be elected.
the $\vert$ all concentrate	A shareholder may
number of right-to-vote	concentrate all the
one candidate or for	number of right-to-vote
distribute the number of for one candidate	or
	right-to-vote to several distribute the number of
candidates.	Shareholder right-to-vote to several
number $\vert$ or $\vert$ account	candidates. Shareholder
Attendance $C$ ertificate	account number or
number printed on the	Attendance Certificate
vote may be used to	number printed on the
represent the voter instead	vote may be used to
of the name of the voter.	represent the voter instead
The independent and non-	of the name of the voter.
independent directors	The independent and non-
shall be elected at the	independent directors
time, but the same	shall be elected at the
number of votes shall be	same time, but the
calculated separately.	number of votes shall be calculated separately.

Article 4	Article 4	The word "Supervisors"
The required number of The required number of		is deleted so as to go in
Directors and	Directors, Independent	line with the replacement
Independent Directors	Directors and Supervisors	of the supervisors with
shall be elected in	be shall elected in	the Audit Committee.
accordance with the	accordance with the
Articles of Incorporation, Articles of Incorporation,
and the candidates who and the candidates who

After Amendments	Before Amendments	Reason for Amendment
obtain more votes than others from the election turn. When the number of $\vert$ votes obtained by two or $\vert$ more than two candidates is the but that same the required exceed number of Directors to be elected, the case shall be determined by drawing Shareholders' the Meeting shall draw the lots for any candidate case but fails to attend the meeting.	obtain more votes than others from the election will be deemed elected in will be deemed elected in turn. When the number of votes obtained by two or more than two candidates is the but that same exceed the required number of Directors and/or Supervisors to be elected, the case shall be lots, and the Chairman of determined by drawing lots, and the Chairman of Shareholders' the Meeting shall draw the who is involved in the lots for any candidate who is involved in the case but fails to attend the meeting.
Article 8 After the votes are and the results of the by the Chairman of the by the Chairman of the shareholders' meeting. For the preceding election, the Company shall keep the voting papers for at least one year, but for any shareholder who files a litigation in accordance with Article 189 of the Company Law, the voting papers shall be kept until	Article 8 After the votes are completed, the votes shall completed, the votes shall be opened on the spot, be opened on the spot, and the results of the votes shall be announced votes shall be announced shareholders' meeting.	1. Word modification. reference the $2.\ln$ to amended Articles 13 of "Sample Template for $\circ \circ$ Co., Ltd. Procedures for Election of Directors and Supervisors" per 28 January 2015 Public Announcement No. Taiwan-Stock Governance-1040001716 of the Taiwan Stock Exchange Corporation, Paragraph 2 of this Article is added.

After Amendments	Before Amendments	Reason for Amendment
the end of the litigation.
(Deleted)	Article 10 Regulations The were duly established on January 20, 1990; The 1st amendment was made on May 11, 2001; The 2nd amendment was made on June 27, 2002; The 3rd amendment was made on June 15, 2011; The 4th amendment is made on June 19, 2012.	1. The Article is deleted. 2. Considering the history of the establishment and amendment of this Article is a. non-normative content, thus it shall be deleted and otherwise recorded.

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EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Acquiring and Disposing of Assets Before and After Amendments

of Directors the transactions Committee for approval for and then to the Board resolution. When the prescribed by the terms and conditions of of Directors for Company's procedures or other laws and resolution. When the transaction are this terms and conditions of changed in the future, regulations that shall be approved by the this transaction are the aforesaid Board of Directors. changed in the future, procedures shall apply. the $\arccos{a}$ aforesaid 2. If the transaction 3. To be in line with procedures shall apply. is amount establishment of the 2. If the transaction NT\$1,000,000,000 or Company's Audit more, at least two is amount Committee, Paragraph NT\$1,000,000,000 or professional appraisers 1 of Article 1 of these shall be retained to more, at least two procedures is amended professional appraisers conduct the appraisal. based on the shall be retained to 3. When the appraisal aforementioned conduct the appraisal. made by the regulations. professional appraiser 3. When the appraisal 4. Based on the results in any of the made by the amendment of Article professional appraiser following 9 of the "Regulations" results in any of the circumstances, except announced by Order following that the appraisal No. Financial- circumstances, except amount of acquiring Supervisory- that the appraisal assets are more than the Securities-Corporate- amount of acquiring transaction amount or 1060001296 assets are more than the the appraisal amount of promulgated by FSC transaction amount or disposing assets are on February 9, 2017, the appraisal amount of less than the Paragraph $\mathbf{1}$ is disposing assets are transaction amount, a amended. less than the transaction CPA shall be retained 5. The rest consists of amount, a CPA shall be to give specific opinion revision. retained to give specific the cause of on opinion on the cause of difference and whether	After Amendments	Before Amendments	Reason for Amendment






























difference and whether the transaction price is
justified in accordance the transaction price is
justified in accordance with the Statement of
with the Statement of Auditing Standards No.
20 as published by the Auditing Standards No. 20 as published by the Accounting Research

After Amendments	Before Amendments	Reason for Amendment
Accounting Research Development and Foundation(ARDF): $(1)$ The appraisal amount differs from the transaction amount by 20% or more of the latter. $(2)$ The appraisal amount of one professional appraiser differs from that of another by $10\%$ or more of transaction the amount. 4. The date of a professional appraisal report shall not exceed three (3) months from the date of contract. However, in case the declared value of same period shall apply, and the appraisal has been made for no more than $six(6)$ months, then the original professional appraiser may issue a written opinion.	and Development Foundation(ARDF): $(1)$ The appraisal amount differs from transaction the amount by 20% or more of the latter. $(2)$ The appraisal amount of one professional appraiser differs from that of another by $10\%$ or more of the transaction amount. 4. The date _of a professional appraisal report shall not exceed three $(3)$ months from the date of contract. However, in case the declared value of same period shall apply, and the appraisal has been made for no more than $six(6)$ months, then the original professional appraiser may issue a written opinion.
Article 9 occurrence Before Before the of acquiring date $-$ or $ $ disposing of any member	Article 9 the occurrence date of acquiring _or disposing of any member	Based on the amendment of Article 11 of the "Regulations", the Chinese wording "government agency" of

After Amendments	Before Amendments	Reason for Amendment
capital or in transacting with $a \mid in$ transacting with government agency, _a CPA shall be retained to $ CPA$ shall be retained to trading price in accordance with the Statement of Auditing No. 20 Standards as published by the ARDF.	of the Company's paid-in $\vert$ of the Company's paid-in $\vert$ wording capital or NT\$300,000,000, except NT\$300,000,000, except a government agency, a issue the opinion on the issue the opinion on the trading price in accordance with the Statement of Auditing Standards No. 20 as published by the ARDF.	remains unchanged.
Article 13 The Company acquiring The Company acquiring or disposing of real estate with a related party, or	Article 13 or disposing of real estate with a related party, or	1. To amend the wording "domestic money market funds" of paragraph 1 into
acquiring or disposing of other assets, except in trading of governments bonds or bonds with a call option, put or or subscription $\alpha$ redemption of money redemption of domestic	acquiring or disposing of other assets, except in trading of governments bonds or bonds with a call option, put or or subscription or	"money market funds issued by domestic securities investment enterprises" trust pursuant to the amended paragraph 1 of article 14 of the "Regulations". In which
market funds issued by domestic securities investment trust which enterprises, transaction amount is	money market funds, which transaction amount is equal to or more than 20% of the Company's paid-in capital, 10% of	definition of the "domestic money market funds" should be consistent with the
equal to or more than 20% of the Company's paid-in capital, $10\%$ of Company's total the	the Company's total assets or NT\$300,000,000 with a related party may sign the contract and	definition in "Securities Investment Trust and Consulting Act". 2. To be in line with the
assets or NT\$300,000,000 with a related party may sign the contract and make payment only if the	make payment only if the following data and information have been submitted for resolution	replacement of supervisors with Audit Committee, this Article is amended:
following data and	passed by the Board of	(1) Based on Paragraph

After Amendments	Before Amendments	Reason for Amendment
information been have	Directors and ratified by	5 of Article 14 of
submitted first the $\overline{\phantom{a}}$ to	the supervisor:	the Regulations, the
Audit Committee and	1. Purpose, necessity and	transactions with
the Board of then to	expected economic	related parties stated
Directors for resolution:	efficiency of acquiring	in Paragraph 1 of
1. Purpose, necessity and	or disposing of assets.	this Article shall be
expected economic	2. Reason of choosing the	by approved the
efficiency of acquiring	related party as the	Audit Committee
or disposing of assets.	trading counter party.	before submitting it
2. Reason of choosing the	3. The relevant data and	Board the of to
related party as the	information to be used	for Directors a
trading counter party.	evaluating for the	resolution.
3. The relevant data and	trading terms as	(2) Paragraph $\overline{2}$ 1S
information to be used	provided for in Articles	amended by
evaluating for the	14 and 15 hereof when	replacing
trading terms as	acquiring any real	supervisors with the
provided for in Articles	estate from a related	Audit Committee,
14 and 15 hereof when	party.	and the process is
acquiring real any	4. Acquisition date,	adjusted.
estate from a related	acquisition price, and	$(3)$ The Paragraph 3 is
party.	trading counter party of	amended based on
4. Acquisition date,	the related party, and	Article 14-5 of
acquisition price, and	the relationship of such	"Securities" and
trading counter party of	counter party with the	Exchange Act",
the related party, and	Company and the	Article 8 $\sigma f$ the
the relationship of such	related party.	Regulations and
counter party with the	5. Monthly forecast of	No. Order
Company and the	$\&$ cash income	Financial-
related party.	expenditure for a period	Supervisory-
5. Monthly forecast of	of 12 months	Securities-
cash $\&$ income	commencing from the	Corporate
expenditure for a period	month of expected	1060001296
$\sigma f$ 12 months	contract signing, and	promulgated by
commencing from the	evaluation in regard to	FSC.
month of expected	the necessity of the	3.7 _o simplify the
contract signing, and	transaction and	provision, Paragraph 4
evaluation in regard to	justification of funds	is moved to Paragraph
the necessity of the	utilization.	4 of Article 30.

After Amendments	Before Amendments	Reason for Amendment
transaction and	6. Obtain an appraisal
justification of funds	report issued by _a
utilization.	professional appraiser
6. Obtain an appraisal	or CPA's opinions in
report issued by a	accordance with the
professional appraiser	provisions of the
or $CPA's$ opinions in	preceding Article.
accordance with the	7. Restrictions and other
provisions of the	important matters
preceding Article.	agreed upon in the
7. Restrictions and other	transaction.
important matters	The transaction amount
agreed upon in the	referred in the preceding
transaction.	shall paragraph be
	The transaction amount computed in accordance
	referred in the preceding with the provisions of
shall paragraph	be Paragraph 2 of Article 25
computed in accordance	except under the
with the provisions of circumstance that	has
Paragraph 2 of Article 25	been submitted for
except under	the resolution passed by the
circumstance that	has Board of Directors and
	been submitted for ratified by the supervisor
resolution approved by in accordance with these the Audit Committee and regulations. And the term

$\sigma f$ Directors in	then passed by the Board "within the period of one" $(1)$ year" shall mean the
accordance with these	period of one (1) year
regulations. And the term	retroactive from the
"within the period of one"	occurrence date of trading
$(1)$ year" shall mean the	concerned.
period of one (1) year
retroactive from the	Acquiring or disposing of business
occurrence date of trading	equipment between the Company
concerned.	and its parent company or
Acquiring or disposing of	subsidiaries, may be
business equipment $ $	approved by Chairman of
Company $\vert$ between the	the Board of Directors,

After Amendments	Before Amendments	Reason for Amendment
and its parent company or subsidiaries, may be approved by Chairman of the Board of Directors, where empowered by the Board of Directors to acquire or dispose of assets within a specific limit, for subsequent submission to and ratification by the next Audit Committee meeting and Board Meeting.	where empowered by the Board of Directors $\overline{\mathbf{t}}$ acquire or dispose of assets within a specific limit, for subsequent submission and to ratification by the next Board Meeting. When a matter $\overline{1}$ submitted for discussion by the Board of Directors to the pursuant paragraph1, the Board of Directors shall take into full consideration each independent director's opinions. If an independent director objects to or expresses reservations about any shall matter, it be recorded in the minutes.
Article 16 real estate For any For any acquired from the related party, if the respective of evaluations results made by the Company as per Articles 14 and 15 hereof are less than the transaction price, then: 1. The difference between transaction price and evaluated price of the real estate concerned shall be set aside as special reserve	Article 16 real estate acquired from the related party, if the respective results of evaluations made by the Company as per Articles 14 and 15 hereof are less than the transaction price, then: 1. The difference between transaction price and evaluated price of the real estate concerned shall be set aside as special reserve	To be in line with the replacement of Supervisors with Audit Committee and Paragraph 2 of Article $33-1$ of the Regulations, of Subparagraph 2 Paragraph 1 is amended.

After Amendments	Before Amendments	Reason for Amendment
according to paragraph	according to paragraph
1, Article 41 of the	1, Article 41 of the
Securities and	Securities and
Exchange Act, and	Exchange Act, and
shall not be distributed	shall not be distributed
cash or stock as	cash stock _or as
If the dividends.	If the dividends.
investor who evaluates	investor who evaluates
its investment in the	its investment in the
Company by equity	Company by equity
method is a public	method is a public
company, it shall also	company, it shall also
set aside as a special	set aside as a special
reserve in proportion to	reserve in proportion to
its shareholding in the	its shareholding in the
Company as provided	Company as provided
for in paragraph 1,	for in paragraph 1,
Article 41 $\circ$ of the	Article 41 of the
Securities and	Securities and
Exchange Act.	Exchange Act.
2. The Independent Directors of the Audit	2. Supervisor of the Company shall perform
Committee shall	the duties pursuant to
the duties perform	the provisions set forth
the pursuant to	in Article 218 of the
provisions set forth in	Company Law.
218 Article _of the	3. The actions taken as
Company Law in	required in
which Paragraph 4 of	Subparagraph 1 and 2
Article $14 - 4$ of	hereof shall be reported
Securities and	shareholders' to the
Exchange Act is	meeting, and details of
mutatis mutandis.	transaction the
3. The actions taken as	shall be concerned
required in	disclosed in the annual
Subparagraph 1 and 2	report and prospectus,
hereof shall be reported	respectively.
shareholders' the to	As to the special reserve

After Amendments	Before Amendments	Reason for Amendment
meeting, and details of transaction the shall be concerned disclosed in the annual report and prospectus, respectively. As to the special reserve aside under the set provisions set forth in the preceding paragraph, it shall not be used until the devaluation loss on the asset purchased at high price has been set aside, or a disposal been made, or proper compensation given, been or a restoration to the original status been completed, or there are other evidences proving it is justified, and the FSC has approved the use of such reserve. In case there are other evidences showing the transaction of acquiring by the real estate Company from the related party is abnormal, the provisions set for in the preceding two paragraphs shall apply.	set aside under the provisions set forth in the preceding paragraph, it shall not be used until the devaluation loss on the asset purchased at high price has been set aside, or a disposal been made, or proper compensation given, been or a restoration to the original status been completed, or there are other evidences proving it is justified, and the FSC has approved the use of such reserve. In case there are other evidences showing the transaction of acquiring real estate by the Company from the related party is abnormal, the provisions set for in the preceding two paragraphs shall apply.
Article 17	Article 17 Upon carrying out any Upon carrying out any	1. To be in line with the establishment of the
merger, split, acquisition,	merger, split, acquisition,	Audit Committee and
stock transfer, the or or	stock transfer, the	compliance with in
	Company shall, before the Company shall, before	Article 6 of Business

After Amendments	Before Amendments	Reason for Amendment
of deliberation the	the convening Board	Mergers And
acquisition or/and merger	Meeting, retain a CPA,	Acquisitions Act, the
by the Audit Committee	securities lawyer or	preceding paragraph of
the Board and 0f	underwriter to express	this Article is amended.
	Directors, retain a CPA, their opinions about the	2. Also, considering that
lawyer,	securities ratio of share-for-share	the of merger
$other \mid$ underwriter, or	exchange, tender offer	subsidiaries or between
independent experts to	price, or the cash or other	subsidiaries in which
their express	opinions properties to be allocated	the Company has one
the ratio about $\sigma$	to the shareholders. Then,	hundred percent of
	share-for-share exchange, the report to the effect	investment $\overline{1}S$
tender offer price, or the shall be made to	the	considered to be an
cash or other properties to Board of Directors	for	organizational
allocated the be to	resolution.	reorganization of the
shareholders. The		same Group, there shall
opinions shall be		be no action involving
submitted to the Audit		the conversion or
Committee for approval		distribution of the
the Board of and		shareholders' cash or
Directors for resolution.		other properties. Thus,
However, for the merger		based on the amended
of subsidiaries in which		Article 22 of the
the Company directly or		Regulations, this
indirectly possesses one		proviso is added to
hundred percent of the		exempt the rational
issued shares or capital or merger between		opinions of the experts for the ratio of
subsidiaries in which the		share-for-share
Company directly _or		exchange in these
indirectly possesses one		mergers.
hundred percent of the
issued shares or capital,
the aforementioned
rational opinions provided
by the experts may be
exempted.

After Amendments	Before Amendments	Reason for Amendment
resolution relating to such split, merger, or acquisition is rejected in the shareholders' those meeting, then participating companies shall promptly make a public announcement stating the reasons thereof, the follow-up the date expected to shareholders' meetings. convene their respective shareholders' meetings.	acquisition is rejected in shareholders' the meeting, then those participating companies shall promptly make a public announcement stating the reasons thereof, the follow-up measures to be taken, and the date expected to measures to be taken, and convene their respective
Article 25 $\sigma$ disposed by the _of the following circumstances, information shall be publicly announced and reported, in the specified form by its nature, on the website designated by the FSC within two $(2)$ days from the occurrence date: 1. Acquiring or disposing of real estate with a related party, or acquiring or disposing of other assets with a related party which transaction amount is	Article 25 If the asset acquired or If the asset acquired or disposed of by the Company falls within one Company falls within one of the following relevant circumstances, relevant information shall be publicly announced and reported, in the specified form by its nature, on the website designated by the FSC within two (2) days from the occurrence date: 1. Acquiring or disposing of real estate with a related party, or acquiring or disposing of other assets with a related party which transaction amount is	1. The of reason amendment of Subparagraph 1, Paragraph 1 is the same one as the first point of Article 13. 2. Considering the assets acquired or disposed of are the equipment for business purpose _of daily business, if the announcement and report standard is too low, resulting into frequent overly announcement and which will report reduce the significance information $\sigma f$ disclosure. Thus, the Item 4 of Subparagraph

After Amendments	Before Amendments	Reason for Amendment
the Company's total	the Company's total	Subparagraph 4 of
assets or	assets or	Paragraph 1 of Article
NT\$300,000,000;	NT\$300,000,000;	30 of the Regulations,
provided, this shall not	provided, this shall not	the raising
apply to trading _of	apply to trading of	announcement standard
government bonds or	government bonds or	of the assets acquired or
bonds with a call or put	bonds with a call or put	disposed of are the
option, subscription or	option, subscription or	equipment for business
redemption of money	redemption of domestic	purpose and the trader
market funds issued by	money market funds.	is not a related party to
domestic securities	2. Merger, split,	NT\$1,000,000,000, and
investment trust	acquisition stock or	moved it to
enterprises.	transfer.	Subparagraph $\overline{4}$ of
2. Merger, split,	3. Loss on the transaction	Paragraph 1.
acquisition stock or	of derivative products	3. The original Item 5 and
transfer.	has reached the ceiling	Item 6 of Subparagraph
3. Loss on the transaction	for any individual or all	4 of Paragraph 1 are
of derivative products	contracts as stipulated	moved to Subparagraph
has reached the ceiling	the procedures in	5 and Subparagraph 6
for any individual or all	the governing	of Paragraph 1 pursuant
contracts as stipulated	transactions thereof. 4. Where an asset	the amended to Paragraph 1 of Article
the procedures in governing the	transaction except any	30 of the
transactions thereof.	of those referred to in	"Regulations", and the
4. Assets acquired or	preceding three the	original Subparagraph 4
disposed of are the	subparagraphs, the	of Paragraph 1 $\overline{\mathbf{1}}$ s
equipment for business	disposal of obligatory	moved to Subparagraph
purpose, for which the	rights by the financial	7 of Paragraph 1.
seller or buyer is not a	institution or	4. A professional
related party, and the	investments in China,	firm's investment
transaction amount is	the transaction amount	acquisition of ordinary
equal to or more than	is equal to or more than	corporate bonds or of
NT\$1,000,000,000.	20% of the Company's	general bank
$5.$ Real estates acquired or	paid-in capital or	debentures without
disposed of for	NT\$300,000,000, with	equity characteristics
construction purpose	the exceptions as	that are offered and
due to the fact that the	follows:	issued in the domestic
Company engages in	$(1)$ Purchase and sale	primary market is its

After Amendments	Before Amendments	Reason for Amendment
construction business,	of government	regular business and
for which the seller or	bonds.	mainly for obtaining
buyer is not the related	(2) Securities trading	interest; and it is not
party, and the	investment by	required to make public
transaction amount is	professionals on	announcements when
equal to or more than	foreign or domestic	the bonds are sold on
NT\$500,000,000.	securities	secondary market
6. Real estates acquired	exchanges or	pursuant to the current
construction by on	over-the-counter	regulations.
self-owned or leased	markets.	Considering the
land, sharing under	(3) Purchase and sale of	efficiency and
joint construction,	bonds with a call or	consistency of
sharing profits under	put option,	information disclosure,
joint construction, or	subscription or	the requirement of
selling separately under	redemption of	public announcement
joint construction, for	domestic money	shall not be applicable
which the expected	market funds.	the transactions to
transaction amount of	(4) Assets acquired or	mentioned above. And
the Company is equal	disposed of are the	according to Paragraph
than to or more	equipment for	1 of Article 2 of
NT\$500,000,000.	business purpose,	"Regulations"
7. Where an asset	for which the seller	Governing Issuance of
transaction except any	or buyer is not a	Bank Debentures by
of those referred to in	related party, and	Banks", the
preceding the $\overline{\text{six}}$	the transaction amount is less than	subordinated bank debentures not are
subparagraphs, the	NT\$500,000,000.	included the in
disposal of obligatory	$(5)$ Real estates	of general definition
rights by the financial institution	acquired or	bank debentures that do
or	disposed of for	involve not
investments in China, the transaction amount	construction	shareholding rights
	purpose due to the	mentioned above. Thus
is equal to or more than 20% of the Company's	fact that the	it is proposed to amend
paid-in capital or more	Company engages	the original Item 2 of
than NT\$300,000,000,	construction in	Subparagraph $\overline{4}$ of
with the exceptions as	business, for which	Paragraph 1, and move
follows:	the seller or buyer	Item $\overline{2}$ it to of
$(1)$ Purchase and sale of	is not the related	Subparagraph 7 of

After Amendments	Before Amendments	Reason for Amendment
government bonds.	the and party,	Paragraph 1 pursuant to
(2) Securities trading by	transaction amount	the amended Item 2 of
investment	than is less	Subparagraph 7 of
professionals on	NT\$500,000,000.	Paragraph 1 of the
foreign or domestic	(6) Real estates	"Regulations".
securities exchanges	acquired by	5. The reason for the
or over-the-counter	construction on	amendment of Item 3 of
markets , or	self-owned or	Subparagraph 4 of
subscription by	leased land, sharing	Paragraph 1 of the
investment	under joint	original provision is the
professionals of	construction,	same as the one of
ordinary corporate	sharing profits	Paragraph 1 of Article
bonds or of general	under joint	13, and it is moved to
bank debentures	construction, or	Item 3 of Subparagraph
without equity	selling separately	7 of Paragraph 1.
characteristics that	joint under	6. The Paragraph 5 is
are offered and	for construction,	amended to prescribe
issued in the	which the expected	that when the Company
domestic primary	transaction amount	at the time of public
market.	of the Company is than	makes announcement an error or omission in
(3) Purchase and sale of bonds with a call or	less NT\$500,000,000.	an item required by
option, put		regulations to be
subscription or	Transaction amount	publicly announced and
redemption of	referred in preceding be	so is required to correct
money market funds	paragraph shall computed as follows:	it, all the items shall be
issued by domestic	1. Amount of each	publicly again
securities	transaction.	announced and reported
investment trust	2. Accumulated amount	in their entirety within
enterprises.	of transactions with	two $(2)$ days from the
Transaction amount	same trading counter	date of adverting.
referred in preceding	party for acquiring or
paragraph shall be	disposing of subject
computed as follows:	matters of same kind
1. Amount of each	within one $(1)$ year.
transaction.	3. Accumulated amount in
2. Accumulated amount of	regard to acquisitions
transactions with same	disposal of real or

$\label{eq:2} \frac{1}{2} \int_{\mathbb{R}^3} \frac{d^2}{dx^2} \, dx = \frac{1}{2} \int_{\mathbb{R}^3} \frac{d^2}{dx^2} \, dx$

After Amendments	Before Amendments	Reason for Amendment
trading counter party	estates under the same
acquiring for or	development project
disposing of subject	within one $(1)$ year
matters of same kind	(acquisitions) and
within one $(1)$ year.	disposals be to
3. Accumulated amount in	accumulated
regard to acquisitions	separately.)
or disposal of real	4. Accumulated amount in
estates under the same	regard to acquisitions
development project within one	or disposal of the same securities within one
(1) year (acquisitions) and
disposals be to	$(1)$ year (acquisitions and disposals to be
accumulated	accumulated
separately.)	separately.)
4. Accumulated amount in	The term "within one $(1)$
regard to acquisitions	year" as referred to in
or disposal of the same	preceding paragraph shall
securities within one	mean the period of one
$(1)$ year (acquisitions)	(1) year computed
and disposals to be	retroactively from the
accumulated	occurrence date of the
separately.)	transaction concerned;
	The term "within one $(1)$ and any portion already
year" as referred to in preceding paragraph shall	publicly announced according to these
mean the period of one	Procedures may not be
(1) year $\sim$ computed	re-counted in.
retroactively from the	On or before the 10th day
occurrence date of the	of each month the
transaction concerned;	Company shall, in the
and any portion already	specified form, input the
publicly announced	information of
according to these	transactions for derivative
Procedures may not be re-counted in.	products made by it and
	subsidiaries its of
On or before the 10th day of each month the	non-domestic public company as of the end of

After Amendments	Before Amendments	Reason for Amendment
Company shall, in the specified form, input the information _of transactions for derivative	previous month to the information reporting website designated by the FSC.
products made by it and subsidiaries its of non-domestic public company as of the end of previous month to the information reporting website designated by the FSC. For the particulars to be publicly announced as required, if there are any omissions errors or needing to be corrected public upon announcement, all these particulars shall be publicly announced and reported again within two of (2) days its acknowledgement. As for any assets acquired or disposed of by the Company, the relevant minutes contracts, _of proceedings, filing books, appraisal reports, written opinions of CPA, lawyer or securities underwriter shall be kept in the Company. Unless otherwise provided for in other these laws,	For the particulars to be publicly announced as required, if there are any omissions errors or needing to be corrected public upon announcement, all these particulars shall be publicly announced and reported again. As for any assets acquired or disposed of by the Company, the relevant contracts, minutes of proceedings, filing books, appraisal reports, written opinions of CPA, lawyer or securities underwriter shall be kept in the Unless Company. otherwise provided for in other laws, these documents shall be kept for at least five $(5)$ years.
documents shall be kept for at least five $(5)$ years.

After Amendments	Before Amendments	Reason for Amendment
Article 29 Upon the adoption or $\sigma$ amendment these Procedures, it shall be first approved $-$ by the Audit Committee and then be resolved by the Board of Directors; then, Procedures shall these enter into effectiveness after ratification of the shareholders' meeting.	Article 29 Upon a resolution passed by the Board of Directors, these Procedures shall be given to each supervisor shall and become effective after ratification by the shareholders' meeting. The same shall apply in case of any amendments thereof. If director took any an objection, and a record or written statement to the effect has been made, then the Company shall submit the data about the objection of the director to each supervisor. When the procedures for acquisition the and of assets disposal are submitted for discussion by the Board of Directors pursuant to the preceding paragraph, the Board of Directors shall take into consideration full each independent director's opinions. If an independent director objects to or expresses reservations about any matter, it shall be recorded in the minutes.	1. To be in line with the replacement of the supervisors with the Audit Committee, the Paragraph 1 of this Article is amended based on Article 6 of the "Regulations". 2. As the members of the Audit Committee are independent all directors, in the event that a director has any objection on the Board Meeting, the independent directors will immediately learn about the situation, so there is no need to handover the director's objection to the Audit Committee, which is the reason why the section of the latter Paragraph 1 of this Article is deleted. 3. As to simplify the provision, Paragraph 2 of this Article is moved Paragraph $\overline{4}$ of to Article 30.
Article 30 Based on the regulation of this procedure, all matters	Article 30 When any acquisition or disposal of assets by the	1. To be in line with the the replacement of supervisors the with Audit Committee,

After Amendments	Before Amendments	Reason for Amendment
obtain shall the that	Company shall be	Paragraph 1 of the
of the Audit approval	approved by the Board of	original provision is
Committee shall be	Directors according to	deleted, and Paragraph
approved by at least	these Procedures or other	1 to 3 are added, based
one-half of the members	laws, if any director took	on Article 6 and 8 of
of the Audit Committee.	an objection, and a record	the "Regulations", so
In the event that the	or written statement to the	explicitly to as
preceding does not obtain	effect has been made,	establish the
at least one-half of the	then the Company shall	benchmark of the Audit
approval of the Audit	submit the data about the	Committee's approval
Committee, it shall then	objection of the director	Board's and the
ask for the approval of at	to each supervisor.	resolution
least two-thirds of all	When a transaction	2. Paragraph 2 of the
directors, and the	involving the acquisition	original provision $\overline{1}$
resolution of the Audit	or disposal of assets is	moved to Paragraph 4
Committee shall be	submitted for discussion	with revision.
recorded in the minutes of	by the Board of directors
the Board's Meeting.	pursuant to the preceding
The members of the Audit	paragraph, the Board of
Committee all and	Directors shall take into
Directors mentioned in	full consideration each
the preceding paragraphs	director's independent
refer to the members in	opinions. If an
office.	independent director
When a matter is	objects to or expresses reservations about
submitted for discussion	any matter, it shall be
to the Board of Directors,	recorded in the minutes.
the Board of Directors take full shall into
consideration each
independent director's
opinions. If an
independent director
objects to or expresses
reservations about any

matter, it shall be

$\mathcal{L}_{\mathcal{A}}$

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Transaction of Derivative Products Before and After Amendments

After Amendments	Before Amendments	Reason for Amendment
Article 6 Gross contract amount the derivative for transactions product made by the Company shall be limited to the existing position, and	Article 6 Gross contract amount for derivative the product transactions made by the Company shall be limited to the existing position, and the ceiling of stop	1. According to Article 14-5 of Securities and Exchange Act and Article 8 of "Regulations" Governing the Acquisition and
the ceiling of stop loss thereof shall be as follows: 1. Hedging Operation: If the amount of loss evaluated in the end of month for all contracts or any individual contract $5\%$ exceeds of	loss thereof shall be as follows: 1. Hedging Operation: If the amount of loss evaluated in the end of month for all contracts any individual _or contract exceeds 5% of paid-in capital of the for Company two	Disposal of Assets by Public Companies" (hereinafter referred to as the "Regulations"), significant material or derivative asset product transactions shall be approved by at least one-half of the members of the Audit
paid-in capital of the Company for two successive months, it shall be presented first to the Audit Committee and then the board of to $\circ$ of directors the	successive months, it shall be proposed to the board of directors of the Company to resolve whether the Company shall execute the stop loss.	Committee. 2. According to Order No. Financial-Supervisory- Securities-I-095000571 of the Financial 8 Supervisory Committee (hereinafter referred to "FSC"), "the as
Company to resolve whether the Company shall execute the stop loss. 2. Trading Operation: Gross allowable loss	2. Trading Operation: Gross allowable loss for all contracts shall be limited to 3% of paid-in capital of the Company, and to 15% of contract value for any individual contract.	derivative product transactions" that shall be approved by the Audit Committee stated $14-5$ of in Article Securities and Exchange Act refers to

After Amendments	Before Amendments	Reason for Amendment
for all contracts shall be limited to 3% of paid-in capital of the Company, and to 15% of contract value for any individual contract.		transactions the prescribed by the Company's procedures other laws and _or regulations that shall be approved by the Board of Directors. 3. To be in line with
		establishment of the Company's Audit Committee, subparagraph 1 of this Article is amended based the on aforementioned regulations.
Article 11	Article 11	To be in line with the establishment of the
Internal auditors shall examine for the adequacy of internal control the over _of transactions a regular basis, and audit whether the trading departments are acting in compliance with the Procedures monthly, for which an auditing report shall be produced. If any severe violations are found, a written notice shall be submitted to the Audit Committee.	Internal auditors shall examine for the adequacy of internal control over the transactions of derivative products on a derivative products on regular basis, and audit the whether trading departments are acting in compliance with the Procedures monthly, for which an auditing report shall be produced. If any violations severe are found, a written notice shall be submitted to the supervisors.	Audit Committee in replacement of the supervisors, and taking Article 15 and $45$ of "Regulations" Governing Establishment of Internal Control Systems by Public Companies" into consideration, this article amended, which is explicitly established the written notification to the Audit Committee in the $\sigma$ significant event violations found by the internal auditors.

$\bar{\gamma}$

After Amendments	Before Amendments	Reason for Amendment
Article 13 Upon the adoption or amendment of these Procedures, it shall be approved first by the Audit Committee and then be resolved by the of Directors; Board then, these Procedures shall enter into after effectiveness ratification the $\underline{of}$ shareholders' meeting.	Article 13 Upon a resolution passed by the Board of Directors, the Procedures shall be given to each supervisor shall and become effective after ratification the shareholders' $\underline{by}$ meeting. The same shall apply in case of any amendments thereof. If director took any an objection, and a record or written statement to the effect has been left, then the Company shall submit data about the the objection of the director to each supervisor.	1. To be in line with the establishment of the Audit Committee in replacement of the supervisors in the Company, and according to Article 6 of the "Regulations", the first section of this Article is amended. 2. As the members of the Audit Committee are all independent directors, in the event that a director has any objection, the independent directors will immediately learn about the situation, so there is no need to handover the director's objection to the Audit Committee, which is reason why the the latter section of this Article is deleted.
Article 14 Based on the regulation of this procedure, all matters that shall obtain the approval of the Audit Committee shall be approved by at least one-half of the members of the Audit Committee. In the event that the		1. Newly added. 2. To be in line with the establishment of the Audit Committee and based on Article 6 and 8 of the "Regulations", Paragraph 1 to $\overline{3}$ explicitly stated the benchmark of the Audit Committee's and the Board of Directors'

After Amendments	Before Amendments	Reason for Amendment
preceding does not		approval, and
obtain at least one-half		Paragraph 4 explicitly
of the approval of the		states the objection or
Audit Committee, it		the reservation of the
shall then ask for at		Directors to be
least two-thirds of the		recorded in the Board's
of all approval		Meeting minutes.
directors, and the
resolution of the Audit
Committee shall be
recorded in the minutes
of the Board's Meeting.
The members of the
Audit Committee and
all Directors mentioned
the preceding in
paragraphs refer to the
members in office.
When matter a is
submitted for
discussion to the Board
of Directors, the Board
of Directors shall take
into full consideration
independent each
director's opinions. If
an independent director
objects to or expresses
reservations about any shall matter, it be
recorded in the
minutes.

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Fund Lending, Endorsement and Guarantee Before and After Amendments

After Amendments	Before Amendments	Reason for Amendment
Article 9 The procedure of handling lending fund of the shall be Company as follows: 1. The borrower shall the submit loan application the to Company and the finance department of the Company shall consider its necessity and reasonability. In addition, the department shall conduct credit and risk review and further evaluate the operation risk, financial condition of the Company and the effect on the rights and interests of stockholder, then draft the terms and condition of such If proposed loan. necessary, the Company will request the	Article 9 The procedure of handling fund lending _of the shall be Company as follows: $1.$ The borrower shall the submit loan application the to the Company and finance department of Company shall the consider its necessity and reasonability. In addition, the department shall conduct credit and risk review and further evaluate the operation risk, financial condition of the Company and the effect on the rights and interests of stockholder, then draft the terms and condition of such If proposed loan. necessary, the Company will the request	1. To be in line with the establishment $\sigma f$ the Audit Committee in the Company, this Article is amended: $(1)$ Based on Article 14-5 of the Securities and Exchange Act, significant loans, endorsements or assurances shall be approved by at least one-half of the members of the Audit Committee. $(2)$ According to Order No. Financial- Supervisory- Securities-I- 0950005718 of the Financial -Supervisory Committee (hereinafter referred to as "FSC"), the "significant loans, endorsements or
applicant to provide equivalent amount of	applicant to provide equivalent amount of	assurances" that
guarantee note, guarantor or collateral to	guarantee note, guarantor or collateral to	shall be approved by Audit the Committee stated in
register pledge or mortgage.	register pledge or mortgage.	Article 14-5 of the Securities and

After Amendments	Before Amendments	Reason for Amendment
2. After examination, the	2. After examination, the	Exchange Act refers
finance department shall	finance department shall	the matters to
the submit lending	the lending submit	prescribed in the
proposal to the Audit	proposal to the Board of	Company's
Committee for approval	Directors for resolution	operating
and then to the Board of	other party and any	procedures or other
Directors for resolution.	cannot be authorized to	laws and regulations
$\overline{N}$ other party shall be authorized to make	decision. make The	should that be the
decision.	Board of Directors shall take into full	approved by Board of Directors.
3. For loan proposal that is	consideration each
approved or the lending	independent director's	2. T _o simplify the
amount is reduced by	opinions. If an	provision, the latter part of subparagraph 2
resolution at the Board	independent director	is moved to Paragraph
meeting, the finance	objects to or expresses	4 of Article 27.
department of the	reservations about any
Company shall notify	matter, it shall be
the borrower about the	recorded in the minutes.
resolution.	3. For loan proposal that is
4. The finance department	approved or the lending
shall transfer the fund	amount is reduced by resolution at the Board
after confirming the loan contract is executed and	meeting, the finance
related collateral filing	department the of
are completed and no	Company shall notify
error.	the borrower the
5. The related information	resolution.
including contract,	4. The finance department
collateral supporting	shall transfer the fund
documents and record	after confirming the loan
shall be filed in good	contract is executed and
order by the finance department after	related collateral filing are completed and no
transferring fund.	error.
	5. The related information
	including contract,
	collateral supporting
	documents and record

shall be filed in good order by the finance after department transferring fund. Article 9-1 Article 9-1 _of replacement Before lending the fund Before lending the fund supervisors with between the Company and between the Company and Audit Committee, parent companies, the parent companies, the Company and subsidiaries, Company and subsidiaries, Securities $\sigma f$ or between subsidiaries, or between subsidiaries, the loan proposal shall be the loan proposal shall be No. presented first to the Audit presented to the Board Financial-Supervisory- Committee for approval meeting for resolution and then to the Board according to the preceding article. The Chairman may meeting for resolution this Article is amended. according to the preceding be authorized to lend the No. article. The Chairman may aggregate amount be authorized to lend the specified by the Board of Directors to one enterprise, aggregate amount specified by the Board of and the amount can be Directors to one enterprise, drawn down separately or and the amount can be revolving in the time drawn down separately or $ $ period of one year.	After Amendments	Before Amendments	Reason for Amendment

amount period of one year. mentioned in Paragraph 1, The authorized except the fund lending is amount mentioned in Paragraph 1, made under Paragraph 4 of except the fund lending is article 2, shall not exceed made under Paragraph 4 of 10% of the net worth in the Article 2, shall not exceed latest financial statement $10\%$ of the net worth in the the $\sigma f$ Company or latest financial statement when subsidiaries the the 0f Company Company or subsidiaries or subsidiaries when lend fund to a single the Company or subsidiaries enterprise. lend fund to a single	revolving in the time	The authorized	To be in line with the the the and according to Article 14-5 and Exchange Act and Order Securities -I-0950005718 of FSC, Paragraph 1 of

After Amendments	Before Amendments	Reason for Amendment
Article 11	Article 11	To be in line with the
fund lending of the $ $ shall be Company as follows: 1. When conducting fund lending, the Company shall establish a notebook which shall record in details regarding the borrower, lending amount, resolution date made by the Board meeting, funding date and other	The internal control of the The internal control of the fund lending _of the Company shall be as follows: 1. When conducting fund lending, the Company shall establish a notebook which shall in record details regarding the borrower, lending amount, resolution date made by the Board meeting, funding date and other	$\sigma f$ replacement the supervisors with the Audit Committee, and taking Article 15 and 45 $\sigma f$ the "Regulations" Governing Establishment Control $\sigma f$ Internal Systems by Public Companies" into consideration, Subparagraph 2 and 3 of Paragraph 1 are amended.
evaluation items, etc. 2. The internal audit personnel of the Company shall at least conduct auditing once a quarter the procedure of the fund lending to other party and its performance condition and a written record shall be made. If major violation is discovered, which shall notify the Audit Committee in writing forthwith.	evaluation items, etc. $2.$ The internal audit personnel of the Company shall at least conduct auditing once a quarter the procedure of the fund lending to other party and its performance condition and a written record shall be made. If major violation is discovered, which shall notify every supervisor in writing forthwith.
3. When there $\overline{1}$ s circumstance change in the Company resulting that the fund lending party becomes unqualified under the provisions of this procedure or the balance	3. When there $\overline{1}S$ circumstance change in the Company resulting that the fund lending becomes party has been been appeared to the party of the same of the same of the same of the same of the same of the s unqualified under the provisions of this procedure or the balance

After Amendments	Before Amendments	Reason for Amendment
amount of the loan exceeds the ceiling, the improvement plan shall be made and sent to the Audit Committee. Meanwhile, the improvement shall be made within the planned schedule SO to as enhance the internal control of the Company.	of the loan amount exceeds the ceiling, the improvement plan shall be made and sent to every supervisor. Meanwhile, the improvement shall be made within the planned schedule SO to as enhance the internal control of the Company.
Article 14 The procedure of handling endorsement and/or the guarantee by the Company shall be as follows: 1. The party requesting for and/or endorsement guarantee shall submit application the to Company the and finance department of Company the shall consider its necessity and reasonability. In addition, the department shall conduct credit and risk review and further evaluate the operation risk, financial condition of the Company and the effect on the rights and interests of stockholder, then draft the terms and condition $\sigma f$ such proposed endorsement	Article 14 The procedure of handling the endorsement and/or guarantee by the Company shall be as follows: 1. The party requesting for endorsement and/or guarantee shall submit application the to the Company and finance department of Company shall the consider its necessity and reasonability. In addition, the department shall conduct credit and risk review and further evaluate the operation risk, financial condition of the Company and the effect on the rights and interests of stockholder, then draft the terms and condition $\sigma f$ such proposed endorsement	To be in line with the establishment of the Audit Committee in the Company, and according Article $14-5$ of to Securities and Exchange No. Order and Act Financial-Supervisory - Securities - I-0950005718 of FSC, Paragraph 2 of Article is this added, stated explicitly which that matters that should be approved by the Boards of Directors shall be first submitted to the Audit Committee for approval before submitting it to the Board of Directors for resolution.

$\sim 10^{-1}$

After Amendments	Before Amendments	Reason for Amendment
necessary, the Company	necessary, the Company
will request the	request will the
applicant to provide	to provide applicant
equivalent amount of	equivalent amount of
guarantee note,	guarantee note,
guarantor or collateral to	guarantor or collateral
register pledge or	to register pledge or
mortgage.	mortgage.
2. After examination, the	2. After examination, the
finance department will	finance department will
submit the examination	submit the examination
opinion together with	opinion together with
related information to	related information to
the Board of Directors	the Board of Directors
(or the Chairman) for	(or the Chairman) for
resolution (or approval).	resolution (or approval).
3. For endorsement and/or	3. For endorsement and/or
that guarantee $\overline{1}S$	that guarantee $\overline{1}S$
approved by the Board	approved by the Board
of Directors (or the	of Directors (or the
Chairman), the finance	Chairman), the finance
department shall fill in	department shall fill in
the stamped application	the stamped application
with the endorsement	with the endorsement
and/or guarantee	and/or guarantee
information and the	information and the
document approved by	document approved by
the Board of Directors	the Board of Directors
(or the Chairman) that	(or the Chairman) that
will all be submitted to	will all be submitted to
the seal custodian for	the seal custodian for
If sealing. the	sealing. If the
and/or endorsement	endorsement and/or
guarantee is	guarantee is
disapproved, the finance	disapproved, the finance
department shall prepare	department shall prepare
document explaining the	document explaining the
reason of not granting	reason of not granting

After Amendments	Before Amendments	Reason for Amendment
the endorsement and/or guarantee that will be sent to the applicant together with related information. and/or guarantee and guarantee procedure have been processed properly, the finance department shall keep related information as reference and will register this in the "Endorsement and/or guarantee and cancellation reference book " in order to control the amount of the endorsement and/or guarantee. In accordance with the preceding paragraph, that shall be matters approved by the Board of Directors shall be first submitted to the Audit Committee for approval before submitting it to the Board of Directors for resolution.	the endorsement and/or guarantee that will be sent to the applicant together with related information. 4. After the endorsement 4. After the endorsement and/or guarantee and guarantee procedure have been processed properly, the finance department shall keep related information as and will reference register this in the "Endorsement and/or guarantee and cancellation reference book " in order to control the amount of the endorsement and/or guarantee.
Article 16 Any endorsement and/or guarantee processed by the Company shall be conducted upon approval of the Audit Committee	Article 16 Any endorsement and/or guarantee processed by the Company shall be conducted upon resolution by the Board of Directors.	1. To be in line with the establishment of the Audit Committee in the Company, and according to Article 14-5 of Securities and

After Amendments	Before Amendments	Reason for Amendment
and resolution of the Board of Directors. However, any guarantee amount to a single enterprise is within 5% of the net worth of the in the latest Company financial statement, the Chairman may first decide execution its and for afterwards it shall be submitted to the Audit Committee and the Board of Directors for pursuing recognition. If the subsidiary in which the Company holds 90% of voting shares intends to provide any endorsement and/or guarantee based on the provision of Paragraph 2 of Article 4, it has to be presented to the Audit Committee for approval and then to the Board of Directors of the Company resolution, unless for endorsement and/or is provided guarantee between the subsidiaries in which the Company is directly and indirectly holding 100% of voting shares.	However, any guarantee single amount to a enterprise is within 5% of the worth of the net Company in the latest financial statement, the Chairman may first decide its for execution and afterwards $-$ it shall be submitted to the Board of Directors for pursuing recognition. The Board of Directors shall take full into consideration each independent director's opinions. If an independent director objects to or expresses reservations about any matter, it shall be recorded in the minutes. If the subsidiary that the Company holds 90% of voting shares intends to provide any endorsement and/or guarantee based on the provision of Paragraph 2 of Article 4, it has to be presented to the Board of Directors of the Company for approval in advance , unless endorsement and/or guarantee is provided between the subsidiaries that the Company is directly and indirectly holding 100% of voting shares.	Exchange Act and Order No. Financial-Supervisory- Securities -I-0950005718 of FSC, the first and the third paragraphs of the original provision are amended. 2. T _o simplify the provision, Paragraph 2 of this Article is moved to Paragraph $\overline{4}$ of Article 27.

After Amendments	Before Amendments	Reason for Amendment
Article 17	Article 17	To be in line with the
The internal control on and/or endorsement guarantee by the Company shall be as follows: 1. When conducting and/or endorsement guarantee items, the Company shall establish a notebook that shall record in detail including the endorsement and/or guarantee party, amount, date of passing by the Board of Directors or decision for execution by the Chairman, and/or endorsement guarantee date and items that shall be cautiously evaluated based on the of provision Subparagraph 1, Paragraph 1 of Article 14. $2.$ The internal audit personnel of the Company shall at least conduct auditing on the procedure of endorsement and/or and guarantee its ongoing development once a quarter and a written record shall be prepared. If major violation is discovered, it shall be immediately	The internal control on endorsement and/or guarantee by the Company shall be as follows: 1. When conducting and/or endorsement guarantee items, the Company shall establish a notebook that shall in detail record the including endorsement and/or guarantee party, amount, date of passing by the Board of Directors or decision for execution by the Chairman, and/or endorsement guarantee date and items that shall be cautiously evaluated based on the of provision Subparagraph 1, Paragraph 1 of Article 14. $2.$ The internal audit personnel the of Company shall at least once a quarter conduct auditing the on procedure of endorsement and/or and guarantee its ongoing development and a written record shall be prepared. If violation major is	of the replacement supervisors with the Audit Committee, and taking into reference Article 15 and 45 of the "Regulations Governing Establishment of Internal Control Systems by Companies", Public Subparagraph 2 and 3 of this Article are amended.

$\sim 10$

After Amendments	Before Amendments	Reason for Amendment
notified to the Audit Committee written in notice. 3. When there is circumstance changed in the Company resulting that the endorsed and/or guaranteed party unqualified becomes under the provisions of this procedure or the endorsement/guarantee exceeds the amount ceiling, an improvement plan shall be made and sent to the Audit Committee. Meanwhile, the improvement shall within made the be planned schedule so as to enhance the internal control of the Company.	discovered, which shall notified be __ every supervisor in writing immediately. 3. When there is circumstance changed in the Company resulting that the endorsed and/or guaranteed party unqualified becomes under the provisions of this procedure or the endorsement/guarantee exceeds the amount ceiling, an improvement plan shall be made and sent to every supervisor . Meanwhile, the improvement shall be made within the planned schedule SO as to enhance the internal control of the Company.
Article 18 When the Company is endorsement processing and/or guarantee and due to business requirement, it is necessary to exceed the ceiling stipulated by this procedure and it conforms to the terms and conditions by stipulated this procedure, it shall be first	Article 18 When the Company is endorsement processing and/or guarantee and due to business requirement, it is necessary to exceed the ceiling stipulated by this procedure and it conforms to the terms and conditions stipulated by this procedure, it shall be	1. To be in line with the establishment of the Audit Committee in the Company, and according to Article 14-5 of Securities and Exchange Act and Order No. Financial-Supervisory- Securities $-I-0950005718$ of FSC,
approved by the Audit Committee and then resolved by the Board of	resolved by the Board of Directors and the majority directors shall provide Directors and the majority joint guarantee on the loss	Paragraph 1 of this Article is amended. simplify 2. To the provision, Paragraph 2

After Amendments	Before Amendments	Reason for Amendment
shall provide directors joint guarantee on the risk of loss that may be occurred from overflow guarantee to the Company. In addition, this procedure shall be amended accordingly and shall be submitted to shareholders' meeting for approval afterwards. If the shareholders' meeting shall not approve, a plan shall be prepared to withdraw overflow guarantee within a certain	that may be occurred from overflow guarantee to the Company. In addition, this procedure shall be amended accordingly and shall be submitted to shareholders' meeting for approval afterwards. If the shareholders' meeting shall not approve, a plan shall be prepared to withdraw overflow guarantee within a certain period. When a matter 1S submitted for discussion	of this Article is moved to Paragraph $4 \quad of$ Article 27.
period.	by the Board of Directors pursuant to the preceding paragraph, the Board of Directors shall take into full consideration each independent director's opinions. If an independent director objects to or expresses reservations about any matter, it shall be recorded in the minutes.
Article 26 Upon the amendment $\circ$ f these Procedures, it shall be approved first by the Audit	Article 26 adoption or Upon a resolution passed by the Board of Directors, these Procedures shall be submitted each to	1. To be in line with the establishment of the Audit Committee in replacement of the the supervisors in
Committee and then be resolved by the Board of become effective Directors; then, these Procedures shall enter into effectiveness after	shall supervisor and after ratification the b y shareholders' meeting. - If director took any an	Company, and according to Article 14-4 and $14 - 5$ - of Securities and Exchange the Act,

After Amendments	Before Amendments	Reason for Amendment
ratification $\sigma f$ shareholders' meeting. If took an any director written statement to the effect has to be made, then the Company shall submit data the about the objection of the director to the shareholders' meeting for discussion.	the objection, and a record or written statement to the effect has to be made, then objection, and a record or $\vert$ the Company shall submit the data about the objection of the director to each supervisor and shareholders' meeting for discussion. The same shall apply in case of any amendments thereof. When these Procedures are submitted for discussion by the Board of Directors pursuant to the preceding paragraph, the Board of Directors shall take into full consideration each independent director's opinions. If an independent director objects to or reservations expresses about any matter, it shall be recorded in the minutes.	Paragraph 1 of this Article is amended, which explicitly indicates the obtention _of the Audit Committee's approval for the adoption and amendment of this regulation; words related to "supervisors" are deleted. 2. T _o simplify the provision, Paragraph 2 of this Article is moved to Paragraph 4 of Article 27.
Article 27 Based on the regulation of this procedure, all matters shall obtain the that approval of the Audit Committee shall be approved by at least one-half of the members of the Audit Committee. In the event that the preceding does not obtain at least one-half of the approval of the Audit		1. Newly added . 2. To be in line with the establishment of the Audit Committee, and according to Article 14-5 of Securities and Exchange Act, Paragraph 1 to 3 explicitly establish the benchmark of the Audit Committee's approval the Board's and resolution.

÷,

After Amendments	Before Amendments	Reason for Amendment
Committee, it shall then		3. T _o simplify the
ask for the approval of at		provision, the latter
least two-thirds of all		part of subparagraph 2
directors, and the		of Article 9, paragraph
resolution of the Audit		of Article 16, $\overline{2}$
Committee shall be		Paragraph 2 of Article
recorded in the minutes of		18 and Paragraph 2 of
the Board's Meeting.		Article 26 are moved to
The members of the Audit		Paragraph 4 of this
Committee and all		Article with revision.
Directors mentioned in the
preceding paragraphs refer
to the members in office.
When matter a is
submitted for discussion to
the Board of Directors, the
Board of Directors shall
take into full consideration
each independent director's
opinions. If an independent
director objects $\mathbf{to}$ or
reservations expresses
about any matter, it shall
be recorded in the minutes.

AI assistant

EITC — AGM Information 2017

52161_rns_2017-07-20_9554997f-a002-45dd-9d20-0b382deedf4a.pdf

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Minutes of 2017 Annual General Shareholders' Meeting

III.Report Items:

IV. Ratification and Discussion Items

Proposed by the Board of Directors

Proposal 2: Ratification of 2016 earnings distribution. (Handbook page 37) Please ratify.

Description:

Proposed by the Board of Directors

Proposed by the Board of Directors

Proposed by the Board of Directors

Proposal 5: Proposal to amend the Company's "Procedures for Acquiring and Disposing of Assets." Amendments shown in a comparison table on the Handbook (page 50-68). Please discuss.

Proposed by the Board of Directors

Proposed by the Board of Directors

V. Election Item:

Proposal to elect the Directors of the Company. Proposal:

Description:

VI.Other Item:

Proposed by the Board of Directors

Description:

VII. Extraordinary Motions: None.

VIII. Meeting Adjournment

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Expressed in thousands of New Taiwan dollars) s)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATIONPARENT COMPANY ONLY BALANCE SHEETS(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION PARENT COMPANY ONLY BALANCE SHEETS (Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATIONPARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS (Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATIONPARENT COMPANY ONLY STATEMENTS OF CASH FLOWS(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

2016 PROFIT ALLOCATION PROPOSAL

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

After Amendments

Article 17

Before Amendments

Article 17

Reason for Amendment

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Regulations for Electing Directors and Supervisors Before and After Amendments

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Acquiring and Disposing of Assets Before and After Amendments

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Transaction of Derivative Products Before and After Amendments

EVERGREEN INTERNATIONAL STORAGE & TRANSPORT CORPORATION

Comparison Table for the Procedures for Fund Lending, Endorsement and Guarantee Before and After Amendments

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EITC AGM Information 2017

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars) s)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
(Expressed in thousands of New Taiwan dollars)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

EVERGREEN INTERNATIONAL STORAGE AND TRANSPORT CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
(Expressed in thousands of New Taiwan dollars)