PHIHONG — AGM Information 2020

Jun 29, 2020

Meeting Notice for Annual Shareholders’ Meeting (Summary Translation)

• 1、The 2020 Annual General Shareholders Meeting (the "Meeting") of Phihong Technology Co., Ltd. will be convened at Phihong Technology Co., Ltd. Headquarters (No.568, Fuxing 3rd Rd., Guishan Dist., Taoyuan City 333, Taiwan) at 9:00 a.m. on June 10, 2020 (Wednesday).

The agenda for the meeting is as follows:

• I. Report overview:

• (1) 2019 Business Status and Operational Outlook Report

• (2) Audit Committee’s Review Report on 2019 Financial Statements

• (3) Amendment to “Rules and Procedures of the Meeting of Board of Directors”

• II. Proposals items:

• (1) Adoption of 2019 Financial Business Report and Financial Statements

• (2) Adoption of the Proposal for 2019 Deficit Compensation

• III. discussions items:

• (1) Amendment to “Procedures for Acquisition or Disposal of Assets”

• IV. Election items:

• (1)Election of the Company’s eleven Directors (including three independent directors)

• V. Other proposals:

• (1) Releasing the Directors (including independent directors) from Non-competition Restrictions.

• VI. Provisional motions:

• 2、Eleven directors (including three independent directors) will be elected at this Meeting.

• I. The Company adopted the candidates nomination system for electing the directors (including 、

• independent directors). The list of the candidates is:【Directors: Lin, Chung-Ming Lin, Yang、 、 、 、

• Hung（Kuan Feng Investment Ltd.) Lin, Fei-Hung Wang, Chia-Koun Chow, Dah-Jen 、 、

• Chiang, Wei-Feng Chou, Ming-Chih Yang, Shih-Hsiung】、【Independent Directors: 、 、

• Hung, Yu-Yuan Lin, Kuei-Hung Chang, Hsien-Ta】

• II. For more information about the candidates, including educational background and experience, please visit the website at (http://mops.twse.com.tw).

• 3、Pursuant to Article 172 of the Company Act, essential contents shall be posted on the website of Market Observation Post System (website: http://mops.twse.com.tw).

• 4、One copy of the Attendance Notification Form and one copy of Proxy Form are herewith enclosed. If you (the shareholder) are attending the meeting in person, please sign or stamp on the Attendance Notification Form, and bring it to the check-in desk on the day of the meeting. If you entrust an agent to attend the meeting on your behalf, you shall sign or stamp on the Proxy Form, personally fill in the name and address of the agent in the form, and then deliver the form to the Transfer Agency Department of Chinatrust Commercial Bank at least 5 days prior to the day of the meeting. The signed Proxy Form will serve as the sign-in card for the agent to vote on your behalf in the meeting.

• 5 、 If proxies are solicited by the shareholders, PHIHONG will compile details of the proxy solicitation parties and disclose the information on the Securities & Futures Institute (SFI) website no later than May 8, 2020. Shareholders can obtain the information about proxy solicitation firms from the "Free Proxy Disclosure & Related Information System" (https://free.sfi.org.tw) via the "proxy disclosure and meeting notices" search page.

• 6、Shareholders may exercise their voting rights through the STOCKVOTE platform of Taiwan Depository & Clearing Corporation (https://www.stockvote.com.tw) from May 9, 2020 to June 7, 2020.

• 7、The Transfer Agency Department of Chinatrust Commercial Bank is the proxy tallying and verification institution for this annual general meeting.

• 8、Please abide by these regulations.

Sincerely, Board of Directors Phihong Technology Co., Ltd.