Formosa Oilseed Processing Co., Ltd. — Proxy Solicitation & Information Statement 2024

Dec 11, 2024

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FORMOSA OILSEED PROCESSING CO., LTD.

Notice for 2024 Regular Shareholders' Meeting

1. The company has scheduled to convene its 2024 regular shareholders' meeting at No. 453, Sec. 1, Shatian Rd., Dadu Dist., Taichung City (Meeting Room of the Company Building) at 9 a.m., on June 26, 2024 (Wednesday). The shareholders' meeting admission time will start at 08:30 a.m. at the meeting venue. The meeting agendas are as follows:

(I) Matters for Report: 1. Business Report for 2023; 2. Audit Committee’s Review Report for 2023; 3. Report on Remuneration of Employee and Director for 2023; 4. Report on Cash Dividend Distribution for 2023; and, 5. Report on the Company's Endorsement and Guarantee Arrangements.

(II) Matters for Ratification: 1. Business Report, Parent Company only and Consolidated Financial Statements for 2023; and 2. Earning Distribution Proposal for 2023.

(III) Extempore Motion

1. The main contents of the Earnings Distribution of 2023 resolved by the Company's board of directors are as follows: (1) The proposed cash dividend for 2023 is NT$ 1.4 per share. Upon approval by the Regular Shareholders' Meeting, the ex-dividends date, distribution date, and other relevant affairs will be set otherwise by the Board of Directors. (2) In the event of changes in the Company's share capital affecting the outstanding number of shares, resulting in changes to the dividend rate, the Board of Directors is proposed to be authorized by the Regular Shareholders' Meeting to handle it fully in accordance with the Company Act or other relevant laws and regulations. (3) In this earnings distribution proposal, it is proposed to prioritize the distribution of profits for 2023, with any shortfall to be covered by undistributed profits from previous years. (4) Cash dividends for this period will be calculated up to the nearest whole unit, with fractions less than one unit being disregarded. Any remaining fractional amounts up to one unit will be aggregated and included in the Company's other income.

2. When items specified in Article 172 of the Company Act are contained in the main reasons of this general shareholders' meeting, apart from listing them in the notice to meeting, please visit the Market Observation Post System (https://mops.twse.com.tw) and select Basic information → Electronic books → Annual Report & Meeting of Shareholders → Company code or Abbreviation/ Year → “Reference materials for various proposals of the shareholders meeting” or "Handbook and supplementary information for the meeting".

3. In accordance with Article 165 of the Company Act, the transfer of shares shall be suspended from April 28, 2024 to June 26, 2024.

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1. In addition to the announcement, this letter is particularly delivered to you, with each attendance notification and proxy form attached in this meeting notice, your presence is requested and hope you can take the time to attend. If the shareholder is attending the meeting in person, please sign and stamp on the second page of attendance notification form and carry it to the check-in desk on the day of the meeting without sending back by mail. In the case that an agent is entrusted to attend the meeting, the shareholder shall sign and stamp on the second page of proxy form and then deliver the proxy form to the Company's stock affairs representative - the Stock Affairs Agency Department of Capital Securities Corporation, 5 days prior to the day of the meeting. The attendance notification form will be filled in by the stock affairs representative, and be mailed to the shareholder's agent for receipt to attend the shareholders' meeting.

2. For any shareholders who intend to solicit Proxy Attendance Cards, the Company will consolidate the acquirers' information and disclose them on the Securities & Futures Institute website on May 24, 2024. For an investor to inquire, please enter the following URL “https://free.sfi.org.tw” to “Free Query of Proxy Announcement Information” and input the terms of inquiry.

3. The proxies shall be checked and verified by Stock Affairs Agency of Capital Securities Corporation.

4. Shareholders may exercise their voting rights through the Internet during the period from May 25, 2024, to June 23, 2024. Please sign in the STOCKVOTE platform of Taiwan Depository & Clearing Corporation (https://stockservices.tdcc.com.tw) and vote in accordance with related instructions.

Sincerely,

The Board of Directors of Formosa Oilseed Processing Co., Ltd.

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