TAIBAO OF CHINA PROPOSED AMENDMENTS TO THE COMPANY'S CHARTER ON 20 MAY 2024, WHICH WILL BE SUBMITTED FOR CONSIDERATION AT THE 2023 GENERAL MEETING. The proposed amendments include clarifying the independent directors' qualifications, duties, election methods, etc., and enhancing their independence and powers in corporate governance. The amendments also concern the implementation of the cumulative voting system, the establishment and functions of the Board's Special Committees, etc. These changes are designed to improve corporate governance to meet regulatory requirements. The amendments are subject to the approval of the special general meeting resolution and the approval of the regulatory authorities. The Board also requests that the Chairman or his authorized person make necessary amendments to the proposed amendments at the request of the regulatory authorities. The revised circular will be sent to shareholders as soon as possible.

TAIBAO OF CHINA PROPOSED AMENDMENTS TO THE COMPANY'S CHARTER ON 20 MAY 2024, WHICH WILL BE SUBMITTED FOR CONSIDERATION AT THE 2023 GENERAL MEETING. The proposed amendments include clarifying the independent directors' qualifications, duties, election methods, etc., and enhancing their independence and powers in corporate governance. The amendments also concern the implementation of the cumulative voting system, the establishment and functions of the Board's Special Committees, etc. These changes are designed to improve corporate governance to meet regulatory requirements. The amendments are subject to the approval of the special general meeting resolution and the approval of the regulatory authorities. The Board also requests that the Chairman or his authorized person make necessary amendments to the proposed amendments at the request of the regulatory authorities. The revised circular will be sent to shareholders as soon as possible.