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Material Information
2016/8/4
To announce the Board's approval to release the prohibition on Directors and Officer from participation in competitive business
Date of events  2016/08/04
1.Date of the board of directors resolution: 2016/08/04
2.Name and title of the managerial officer with permission to engage in
  competitive conduct:
 (1) Cheng-Hui Chen: Chairman
 (2) Hsiu-Hui Yang: Director and Chief Executive Officer
3.Items of competitive conduct in which the officer is permitted to engage:
 Those with the same or similar business scope as the Company are permitted.
4.Period of permission to engage in the competitive conduct:
 During the term of being a Director and Officer of the Company.
5.Circumstances of the resolution (please describe the results of the voting
  under Article 32 of the Company Act):
 (1) On Directors: Except the director concerned didn’t vote pursuant to
     the principle of avoidance of conflicts of interest, other presenting
     directors have approved of the proposal unanimously.
 (2)On Officers: The proposal has been approved unanimously by the
    presenting directors.
6.If the permitted competitive conduct is business of a mainland China area
  enterprise, the name and title of the managerial officer (if it is not
  business of a mainland China area enterprise, please enter ”not applicable”
  below):
 (1) Cheng-Hui Chen: Chairman
 (2) Hsiu-Hui Yang: Director and Chief Executive Officer
7.Company name of the mainland China area enterprise and the officer's
  position in the enterprise:
 12 Hotpot (Shanghai) Food & Beverage Management Co., Ltd: director
8.Address of the mainland China area enterprise:
 Room 402, Building22, No. 3051,Hechuan Road, Minhang District, Shanghai
9.Business items of the mainland China area enterprise:
 Food and Beverage
10.Degree of effect on the Company's finances and business: None
11.If the managerial officer has invested in the mainland China area
   enterprise, the monetary amount of the officer's investment and the
   officer's shareholding ratio:
 (1) Cheng-Hui Chen: USD507,450/2.55%
 (2) Hsiu-Hui Yang: USD89,550/0.45%
12.Any other matters that need to be specified:
 After being passed by the Board, this proposal will be presented for
 approval at the following Shareholders’ Meeting.