LPI — AGM Information 2022

Aug 2, 2022

Lingsen Precision Industries, LTD.

2022 Shareholders' Meeting Notice

(Summary Translation)

• Meeting type : Physical shareholders' meeting.

• We are scheduled to hold 2022 shareholders' meeting on June 10, 2022 at 9:00 a.m. Location of Meeting: 5F, NO.5-1, South 2[nd] Road, Tanzi Dist. Taichung City, Taiwan.

The agenda of the meeting is as follows:

1. Reported Matters

• (1) 2021 Business Report.

• (2) Report by Audit Committee on the examination of 2021 financial statements.

• (3) Report on the condition of the company's endorsement and guarantees for other company.

• (4) 2021 remuneration for employees and directors.

• (5) Report on the amendments to the company's “Code of Corporate Social

  • Responsibility”.

• (6) Report on the amendments to the company's “Procedures for Share Buy-back and Transfer to Employees”.

• (7) Other matters to be reported.

2. Acknowledged Matters

• (1) Acknowledge of 2021 business report and financial statements.

• (2) Acknowledge of 2021 earning distribution.

3. Matters for Discussion

• (1) Discussion of amendments to the company's “Articles of Incorporation .”

• (2) Discussion of amendments to the company's “Procedures for Acquisition and Disposal of Assets .”

• (3) Discussion of amendments to the company's “The Rules of Procedure for Shareholders’ Meetings.”

4. Matters for Election

• (1) To elect the company’s 20th term of directors.

5. Other Proposals

• (1) Discussion to approve the lifting of non-competition restrictions on directors.

6. Extempore Motions

• The 2021 earning distribution table has been approved by the board of directors and distribution is proposed as follows:

  • -Cash dividend of NTD 490,000,000.

• There will be nine directors (including three independent directors) elected at the meeting.

Candidates of directors:

• (1) Shu-Chyuan, Yeh

• (2) Tse-Sung, Tsai

• (3) Sheunn-Ching, Yang

• (4) Ming-Te, Tu

• (5) Shu-Hsun, Yeh

• (6) Pin-Wen, Fang

Candidates of independent directors:

• (1) Feng-Hsien, Shih

• (2) Wan-Ping, Chen

• (3) Pin-Chi, Wei

Education, working experiences and other relevant information of the candidates, please refer to the website: https://mops.twse.com.tw

• According to Article 165 of the Company Act, instructed the book closure period for ordinary shares to run from April 12, 2022 to June 10, 2022.

• The voting at this meeting can be exercised by way of electronic method from May 11, 2022 to June 7, 2022. The shareholders can log in Electronic Voting Platform of Shareholders' Meeting established by Taiwan Depository and Clearing

Corporation(https://www.stockvote.com.tw) directly and cast the vote according to the relevant explanations.

Board of Directors

Lingsen Precision Industries, LTD.