[Sanchi] Announcement of Reduction in Number of Subsidiaries Held

1. Resolved by (please enter 'Board of Directors' or 'Shareholders Meeting'): Board of Directors

2. Resolution Date: 115/06/23

3. Reasons for increasing holdings in subsidiaries this time, names of subsidiaries, business categories, and shareholding ratios: Not applicable

4. Reasons for reducing holdings in subsidiaries this time, names of subsidiaries, business categories, and shareholding ratios: Reason for reduction: In alignment with the company's overall asset allocation and strategic development Name of subsidiary: Sanchi Meibang Insurance Agency Co., Ltd. Business category: Insurance agency Shareholding ratio: 100%

5. Total number of subsidiaries held as of today: 25

6. Other matters to be disclosed: None