CHENG LOONG

 Announce adoption of the motion for termination of
non-competition restrictions imposed on managers passed
upon resolution by the Company's Board of Directors

1.Date of the board of directors resolution:2022/08/10 
2.Name and title of the managerial officer with permission to engage in 
competitive conduct: 
Kun-Ming Yang:Head of Financial Division and Chief corporate 
governance officer 
3.Items of competitive conduct in which the officer is permitted to engage: 
Allowed to serve as a director or manager for another profit-seeking 
business concurrently and engage in the similar business on its own 
or for another person 
4.Period of permission to engage in the competitive conduct: 
When serving as a manager of the Company 
5.Circumstances of the resolution (please describe the results of voting in 
accordance with Article 32 of the Company Act): 
The motion is approved by all present directors unanimously 
upon the chairperson's inquiry 
6.If the permitted competitive conduct belongs to the operator of a mainland 
China area enterprise, the name and title of the managerial officer 
(if it is not the operator of a mainland China area enterprise, please enter 
“N/A” below): 
Kun-Ming Yang:Head of Financial Division and Chief corporate 
governance officer 
7.Company name of the mainland China area enterprise and the officer's 
position in the enterprise: 
(1)Director,Cheng Loong(Gwangtung) Paper Co., Ltd. 
(2)Director,Chong Qing Cheng Loong Paper Co., Ltd. 
8.Address of the mainland China area enterprise: 
(1)Cheng Loong(Gwangtung) Paper Co., Ltd. 
No.3, Houjie Dongyie Road, Houjie Town, Dongwan City, Gwangtung Province 
(2)Chong Qing Cheng Loong Paper Co., Ltd. 
Block B-1, 4-01-1, Yin Bao Base, B District, Luohuang Industrial Park, 
Jiangjin District, Chongqing City 
9.Operations of the mainland China area enterprise: 
(1)Cheng Loong(Gwangtung) Paper Co., Ltd. 
Cardboard, Paper Boxes, and Paper Products and Packing Decoration Printing 
(2)Chong Qing Cheng Loong Paper Co., Ltd. 
Corrugated Cardboard, Corrugated Boxes, Display Boxes, Paper Pallets 
and Paper Products, Lease of Self-Owned Plants 
10.Impact on the company's finance and business: 
The above companys are the Company's investment business and profit 
(loss) of investment accounted for using equity method. 
11.If the managerial officer has invested in the mainland China area 
enterprise, the monetary amount of the investment and the officer's 
shareholding ratio:NA 
12.Any other matters that need to be specified:None