2021 / 07 / 15

The company's Board resolution to release the managerial officers from non-competition restrictions

1.Date of the board of directors resolution:2021/07/15
2.Name and title of the managerial officer with permission to engage in
  competitive conduct:
President, Justin Tsai
Vice President, Victoria Peng
3.Items of competitive conduct in which the officer is permitted to engage:
To currently act as a managerial personnel of another company, or operate
any business which is the same as or in semblance of the company's.
4.Period of permission to engage in the competitive conduct:
Within the period of serving as the managerial officers of the company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 32 of the Company Act):Approved by the BOD.
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):
President, Justin Tsai
Vice President, Victoria Peng
7.Company name of the mainland China area enterprise and the officer's
position in the enterprise:
Justin Tsai:Director of Far Eastern Union Petrochemical (Yangzhou) Ltd. and
                  Oriental Petrochemical (Shanghai) Corp.
Victoria Peng, Director of Far Eastern Union Petrochemical (Yangzhou) Ltd.
8.Address of the mainland China area enterprise:
Far Eastern Union Petrochemcial (Yangzhou) Ltd.: No.8, Yadong Rd., Yizheng,
                                                                                     Jiangsu Province, China
Oriental Petrochemical (Shanghai) Corp.: Suite 3201, 32F, 800, Dongfang Rd.,
                                                                       Pudong New Area, Shanghai, China
9.Operations of the mainland China area enterprise:
Far Eastern Union Petrochemical (Yangzhou) Ltd.: Manufacture and sale
of industrial MEG, DEG, TEG, EO, and specialty chemicals
Oriental Petrochemical (Shanghai) Corp.:Manufacture and sale of pure
terephthalic acid
10.Impact on the company's finance and business:Nil
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:N/A
12.Any other matters that need to be specified:NIL