Today's Information

Provided by: SINMAG EQUIPMENT CORPORATION
SEQ_NO 3 Date of announcement 2022/06/10 Time of announcement 16:21:41
Subject 
 Announcement of Shareholders' Meeting resolved to
release the managers from non-competition restrictions
Date of events 2022/06/10 To which item it meets paragraph 21
Statement 
1.Date of the board of directors resolution:2022/06/10
2.Name and title of the managerial officer with
permission to engage in competitive conduct:
Chairman and General Manager, Hsieh, Shun-Ho
3.Items of competitive conduct in which the officer is
permitted to engage:
(1)Chairman, Sinmag Equipment (China) Co., Ltd.
(2)Director, San Neng Group Holdings Co., Ltd.
(3)Chairman, Sinmag Fitting Corporation
(4)Chairman, Sinmag Bakery Machine India Private Limited
(5)Chairman, Sinmag Bakery Equipment Sdn. Bhd.
(6)Director, San Neng Bakeware Corporation
(7)Director, San Neng Bake Ware (Wuxi) Co., Ltd.
(8)Director, PT. San Neng Bakeware Indonesia
4.Period of permission to engage in the competitive
conduct:During tenure as manager of the company
5.Circumstances of the resolution (please describe the
results of voting in accordance with Article 32 of the
Company Act):All directors present agreed to pass
6.If the permitted competitive conduct belongs to the
operator of a mainland China enterprise, the name and
 title of the managerial officer (if it is not the
operator of a mainland China enterprise, please enter
"N/A" below):
Chairman and General Manager, Hsieh, Shun-Ho
7.Company name of the mainland China enterprise and the
officer's position in the enterprise:
(1)Chairman, Sinmag Equipment (China) Co., Ltd.
(2)Director, San Neng Bake Ware (Wuxi) Co., Ltd.
8.Address of the mainland China enterprise:
(1)Sinmag Equipment (China) Co., Ltd.(NO, 312 YOUYI
NORTH RD XISHAN ,WUXI)
(2)San Neng Bake Ware (Wuxi) Co., Ltd.(NO, 316 YOUYI
NORTH RD XISHAN ,WUXI)
9.Operations of the mainland China enterprise:
(1)Sinmag Equipment (China) Co., Ltd.,Manufacturing
and selling of bakery equipment
(2)San Neng Bake Ware (Wuxi) Co., Ltd.,Research and
development, production and sales of bakeware
10.Impact on the company's finance and business:
(1)Sinmag Equipment (China) Co., Ltd., Sinmag Bakery
Machine India Private Limited and Sinmag Bakery
Equipment Sdn. Bhd. are subsidiaries of the Company,
and investment income is recognized by equity method.
(2)The main business items of Sinmag Fitting Corporation
are mechanical fittings, valves and pipe fittings, which
are different from the projects currently operated by
the company, so there is no significant impact on the
financial business of the company.
(3)San Neng Group Holdings Co., Ltd. is a holding
company, which is different from the projects currently
operated by the company, so there is no significant
impact on the financial business of the company.
(4)The main business items of San Neng Bakeware
Corporation, San Neng Bake Ware (Wuxi) Co., Ltd. and
PT. San Neng Bakeware Indonesia are bakeware and
peripheral products, which are different from the
baking equipment produced by the company, so there is
no significant impact on the financial business of the
company.
11.If the managerial officer or director has invested in
 the mainland China enterprise, the monetary amount of the
 investment and the officer or director's shareholding ratio:
(1)Sinmag Equipment (China) Co., Ltd., None
(2)San Neng Bake Ware (Wuxi) Co., Ltd., None
12.Any other matters that need to be specified:None

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Sinmag Equipment 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 08:31:03 UTC.