Zhongfu Announces Revised Items for 114th Annual Shareholders' Meeting Due to Restated Financials from Fusing Co.

1. Board of Directors Resolution Date: 115/03/13
2. Shareholders' Meeting Date: 115/06/18
3. Meeting Venue: Zhonghe Civic Activity Center (No. 74, Zhonghe Road, Zhonghe District, New Taipei City)
4. Meeting Format (In-person / Hybrid / Fully Virtual): In-person Shareholders' Meeting
5. First Agenda Item: Reporting Matters
(1): 114th Annual Business Report
(2): 114th Annual Audit Committee Review Report
6. Second Agenda Item: Approval Matters
(1): Approval of the 114th Annual Business Report and Financial Statements
(2): Approval of the 114th Annual Profit Distribution and Loss Carryforward Proposal
7. Ad Hoc Motions: None
8. Share Transfer Suspension Start Date: 115/04/20
9. Share Transfer Suspension End Date: 115/06/18
10. Other Matters to be Disclosed (Supplementary Information):
(1) Prior to March 31, 115, the Company was unable to obtain legally compliant financial statements for the 114th fiscal year from Fusing Co., an equity-method investee whose financials are consolidated under the equity method. As a result, the Company's certified public accountants determined that there was insufficient and appropriate audit evidence regarding accounting items related to Fusing Co., leading to a qualified opinion. Consequently, the Taiwan Stock Exchange announced a suspension of trading for the Company's listed securities.
(2) Therefore, the original approval items scheduled for the annual shareholders' meeting on June 18, 115—namely, the 'Approval of the 114th Annual Business Report and Financial Statements' and the 'Approval of the 114th Annual Profit Distribution and Loss Carryforward Proposal'—were based on financial statements approved by the Board of Directors on March 31, 115. However, Fusing Co. submitted its legally compliant, board-approved, and auditor-certified financial statements for the 114th fiscal year at 17:17 on June 11, 115, one week before the shareholders' meeting. Upon receipt, the Company promptly restated its 114th fiscal year financial statements, business report, and profit distribution schedule, and submitted them to its certified public accountants for re-audit. These restated documents were then approved by the Board of Directors today (the 15th) and officially disclosed in accordance with applicable regulations.
(3) Given that the Company has now completed the restatement of its 114th fiscal year financial statements, business report, and profit distribution schedule, and these have undergone re-audit by the certified public accountants and re-review by the Audit Committee, which has issued an updated review report, the Company, following administrative guidance from the competent regulatory authority, intends to propose substitute resolutions at the annual shareholders' meeting on June 18, 115. The revised approval items will be: 'Approval of the 114th Annual Business Report (Restated) and Financial Statements (Restated)' and 'Approval of the 114th Annual Profit Distribution and Loss Carryforward Proposal (Restated)'. Restated versions of the 114th fiscal year financial statements, business report, profit distribution schedule, and the updated Audit Committee review report will be made available at the meeting venue for shareholders to obtain.