WISDOM — AGM Information 2020

Jun 1, 2020

WISDOM MARINE LINES CO., LIMITED Incorporated in the Cayman Islands Notice of 2020 Annual General Meeting

The annual general meeting of Wisdom Marine Lines Co., Limited (the

“ Company ”) will be held at 10:00am on Friday, 22 May 2020 at B1, No.85, Sec.4, Roosevelt Rd., Da'an Dist., Taipei City 106, Taiwan. Registration will commence at 9:30am. The following resolutions will be considered at the annual general meeting :

I. Reports

1. 2019 Business Report.

2. 2019 Financial Report.

3. The Audit Committee Report on the review of the 2019 Financial Report.

4. 2019 Directors’ Remuneration Report.

5. First Secured Corporate Bond Issue in 2019

6. Amendments to the Rules of Board Meetings

II. Proposals for Ratification

1. Recognition of 2019 Financial Report.

2. Recognition of 2019 Dividend Proposal.

III. Proposals for Discussion

1. Amendment to Articles of Association

2. Amendments to Procedures for Loan to Others

3. Amendments to Procedures for Endorsement and Guarantee 4. Amendments to the Rules of General Meeting

4. Distribution of Cash Dividends out of Capital Reserve

5. Capitalization of Capital Reserve by Issuing New Shares

IV. Others

• Pursuant to Article 165 of the Company Act, the Register of Members and the Share Transfer books of the Company will remain closed from 24 March 2020 to 22 May 2020.

• The Board of Directors proposed a cash dividend distribution of NTD 1,033,733,841 (the “Distribution”), at approximately NTD 1,500 per 1,000 shares, from the Capital Reserve of the Company.

• The Board has proposed to capitalize the Company’s Capital Reserve by allotting and issuing 17,228,897 new Shares of par value NTD10 each, to the Members at 25 Shares per 1,000 Shares

• Voting rights of the Meeting may be exercised via electronic means from April 22, 2020 to May 19, 2020. Please login to the "Electronic Voting Platform for Shareholders" of the website of Taiwan Depository and Clearing Corporation, and vote according to the relevant instructions.

  • (http://www.tdcc.com.tw/stockvote/index.htm)

• Due to COVID-19, please use electronic transmission to vote. If you want attend the meeting, please wear the mask during the meeting. If we need to change the location for convening the shareholders' meeting due to COVID-19, we will have the announcement.

Board of Directors

Wisdom Marine Lines Co., Limited