Hotai Motor Announces Important Resolutions of the 2022 Annual General Meeting

Statement

1.Date of the shareholders meeting:2022/06/21
2.Important resolutions (1)Profit distribution/ deficit
  compensation:
 intends to distribute cash dividends at NT$ 20 per share
 504,996,234 shares were represented at the time of voting
 (including 67,800,013 sharers casted electronically);
 Votes in favor:493,698,653 votes; 97.7628% of the total represented
 at the time of voting.
 Votes against:1,257,668 votes; 0.2490% of the total represented
 at the time of voting.
 Votes abstained: 10,039,913 votes; 1.9881% of the total represented
 at the time of voting.
 Votes invalid:0 votes; 0.0000% of the total represented
 at the time of voting.
 The above proposal hereby was approved as proposed.
3.Important resolutions (2)Amendments to the corporate charter:
 Proposal to amend the Company' s Articles of Incorporation.
 504,996,234 shares were represented at the time of voting
 (including 67,800,013 sharers casted electronically);
 Votes in favor:490,093,168 votes; 97.0488% of the total represented
 at the time of voting.
 Votes against:3,534,785 votes; 0.6999% of the total represented
 at the time of voting.
 Votes abstained:11,368,281 votes; 2.2511% of the total represented
 at the time of voting.
 Votes invalid:0 votes; 0.000 % of the total represented
 at the time of voting.
 The above proposal hereby was approved as proposed.
4.Important resolutions (3)Business report and financial statements:
 504,996,234 shares were represented at the time of voting
 (including 67,800,013 sharers casted electronically);
 Votes in favor:494,840,553 votes; 97.9889% of the total represented
 at the time of voting.
 Votes against:6,768 votes; 0.0013% of the total represented
 at the time of voting.
 Votes abstained:10,148,913 votes; 2.0097% of the total represented
 at the time of voting.
 Votes invalid:0 votes; 0.000 % of the total represented
 at the time of voting.
 The above proposal hereby was approved as proposed.
5.Important resolutions (4)Elections for board of directors and
  supervisors:
 The list of Board members newly elected:
 Director:Huang, Nan-Kuang, representative of
           Chun Yung Investment Co., Ltd.
 Director:Huang, Chih-Cheng, representative of
           Chun Yung Investment Co., Ltd.
 Director:Lin, Li-Hua, representative of
           Chun Yung Investment Co., Ltd.
 Director:Huang, Wen-Jui, representative of
           Chun Yung Investment Co., Ltd.
 Director:Su, Chwen-Shing, representative of
           Li Gang Enterprise Co., Ltd.
 Director:Su, Jean, representative of
           Li Gang Enterprise Co., Ltd.
 Director:Su, Yi-Chung, representative of
          Yong Hui Development Co., Ltd.
 Director:Soo, Leon, representative of
          Yong Hui Development Co., Ltd.
 Director:Ko, Junn-Yuan, representative of
           Yuan Tuo Investment Co., Ltd.
 Director:Chang, Shih-Yieng, representative of
           Gui Long Investment Co., Ltd.
 Director:Kazuo Naganuma, representative of
           Toyota Motor Corporation
 Independent director:Su, Chin-Huo
 Independent director:Wu, Shih-Hao
 Independent director:Li, Chao-Sen
6.Important resolutions (5)Any other proposals:
 (1).Proposal to amend the Company's Procedures for the
     Acquisition and Disposition of Assets.
 504,996,234 shares were represented at the time of voting
 (including 67,800,013 sharers casted electronically);
 Votes in favor:493,784,126 votes; 97.7797% of the total represented
 at the time of voting.
 Votes against:6,827 votes; 0.0013% of the total represented
 at the time of voting.
 Votes abstained:11,205,281 votes; 2.2188% of the total represented
 at the time of voting.
 Votes invalid:0 votes; 0.0000% of the total represented
 at the time of voting.
 The above proposal hereby was approved as proposed.
 (2).Release of Director's Non-Compete Restrictions.
 504,996,234 shares were represented at the time of voting
 (including 67,800,013 sharers casted electronically);
 Votes in favor:493,223,884 votes; 97.6688% of the total represented
 at the time of voting.
 Votes against:20,140 votes; 0.0039% of the total represented
 at the time of voting.
 Votes abstained:11,752,210 votes; 2.3271% of the total represented
 at the time of voting.
 Votes invalid:0 votes; 0.0000% of the total represented
 at the time of voting.
 The above proposal hereby was approved as proposed.
7.Any other matters that need to be specified:None

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