HONG YI — AGM Information 2021

Jul 29, 2021

Hong Yi Fiber Industry Co., Ltd.

2021 Annual General Shareholders' Meeting Notice

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

1. 2021 Annual General Shareholders' Meeting (the "Meeting") of Hong Yi Fiber Industry Co., Ltd. (the "Company") will be convened at ZhuXiang Hall of Chuto Hotel (NO.398, Taoying Road Taoyuan Dist, Taoyuan City) at 9:00 a.m. on Thursday, June 10, 2021.

   • (1) During COVID-19 epidemic period, shareholders are encouraged to make use of electronic voting through STOCKVOTE platform to exercise their voting rights. (https://www.stockvote.com.tw)

   • (2) Please wear a mask when entering the venue and body temperature measurement will be performed.

   • (3) If a change in meeting venue is deemed necessary due to epidemic prevention reasons, we will make the related public announcements on Market Observation Post System. (https://emops.twse.com.tw)

2. The agenda for the Meeting is as follows:

   • (1) Report Items

     • (1.1) Business Report for 2020

     • (1.2) Inspection Report of Audit Committee for 2020

     • (1.3) Remuneration distribution to employees and directors for 2020

     • (1.4) To revise the "Ethical Corporate Management Best Practice Principles"

   • (2) Approval Items

     • (2.1) Business Report and Financial Statements for 2020

     • (2.2) Distribution of 2020 Profits

   • (3) Discussion Items

     • (3.1) To revise the "Rules of Procedure for Shareholders Meetings"

     • (3.2) To revise the "Procedures for Election of Directors"

   • (4) Election Items

To re-elect of directors

• (5) Other Proposals

To release the newly elected directors from non-competition restrictions

(6) Extempore motion(s)

1. Distribution of profits and determination of the dividend amount for 2020 as resolved by the Board of Directors is as follow: cash dividend of NTD$ 92,848,980 from the retained earnings at NT$0.7 per share. The ex-dividend date shall be determined by the chairman of Board of Directors authorized to do so.

2. For essential contents of items specified under Article 172 of the Company Act, please refer to the Market Observation Post System under icon: Electronic Books/Shareholders’ meetings/2021 (https://emops.twse.com.tw).

3. There will be nine Directors (including three independent directors) elected at the Meeting. Related information is as follows:

   • (1) Candidates of Directors: Shih, Zhen-Rong, Chen, Hong-Zheng, Lo, Chao-Chia, Shih, Chen-Hung, Shih, Shu-Shyan, and Wang, Qing-Rong.

     • Candidates of Independent Directors: Cheng, Chih-Fa, Hsu, Yin-Chieh and Lu, Shih-Hsiang.

   • (2) Education and experience of the candidates: Please refer to the Market Observation Post System under icon: Material Information (https://emops.twse.com.tw).

4. According to the Company Act article 209, it is hereby proposed in this Annual General Shareholders' Meeting to release the newly elected Directors from non-competition restrictions.

5. In accordance with Article 165 of the Company Act, transfer of shares of the Company shall be suspended from April 12, 2021 through June 10, 2021.

6. The Company will compile and post a general list of information on calls for proxies, if any, by May 10, 2021, on the Securities & Futures Institute website (http://free.sfi.org.tw). Investors may conduct search for the information by logging on the above site. The Stock Transfer Agency Department of Capital Securities Corp. will certify the tally of proxies.

7. Voting right for the shareholders’ meeting can be exercised via electronic form during

the period from May 11, 2021 to June 7, 2021. Please access “Shareholder e-voting” at the website of Taiwan Depository and Clearing Corporation.

(https://www.stockvote.com.tw)

Board of Directors Hong Yi Fiber Industry Co., Ltd.