Exemption from non-compete clause for directors
in 2022 shareholders' meeting
Date of events
2022/06/10
To which item it meets
paragraph 21
Statement
1.Date of the shareholders meeting resolution:2022/06/10
2.Name and title of the director with permission to engage in competitive
conduct:
Hsu Chi Kao/ Director
Koo Tse Hau/ Independent director
3.Items of competitive conduct in which the director is permitted to engage:
Investment or other business with the same range of the Company's
business or behavior similar to the Company and acting as
a director or manager.
4.Period of permission to engage in the competitive conduct:
Within period of serving as director of the Company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):Approve.
approval votes: 358,839,947(97.17%)
disapproval votes: 652,497
abstain votes: 0
invalid votes/no vote: 9,769,614
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
"N/A" below):
Koo Tse Hau/ Independent director
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:Valles Steamship Company Limited, Director
8.Address of the mainland China area enterprise:
The Center 6810-11, 68th Floor,
99 Queen's Road Central, Hong Kong.
9.Operations of the mainland China area enterprise:
Vessel Shipping/Oil tanker shipping
10.Impact on the company's finance and business:Nil.
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:Nil.
12.Any other matters that need to be specified:Nil.
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Disclaimer
Sincere Navigation Corporation published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 06:51:02 UTC.
Sincere Navigation Corp is a Taiwan-based company mainly engaged in the ship transportation business. The Company is engaged in the operation of ship transportation business, tugging business, shipping agency business, ship management and manufacturing supervision business. The fleet includes multi-purpose lightweight bulk ships, extra-large bulk ships, super-large iron ore special vessels and extra-large oil tankers, which mainly transport bulk materials such as ore, coal and crude oil. The customers include iron ore suppliers, steel companies and shipping industry operators in domestic and overseas markets.
SINCERE NAVIGATION CORPORATION 
