ENE Technology

Material Information: Ipso facto dismissal of Independent Director

2022.02.18

The independent Director of ENE TECHNOLOGY INC., Professor Shen Yuan Chen is also one of the Independent Directors of Alcor Micro Corp. Alco Micro has acquired ENE shares exceeding 5% of its total issued. Professor Chen is ipso facto dismissed from ENE TECHNOLOGY INC. in accordance with Article 2 Clause 3 and Article 3 Clause 1 Item 5 of Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies.

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