COSMO ELECTRONICS (HK) COMPANY LIMITED, Subsidiary of Guanxi Electric, Files Application for Compulsory Enforcement with Taipei District Court, Taiwan

1. Parties to the legal matter: (1) Applicant: COSMO ELECTRONICS (HK) COMPANY LIMITED (2) Respondent: Kiwi-Smart Cooperation, LTD (British Virgin Islands-registered Kiwi-Smart Intelligence Co., Ltd.)

2. Name of the court or authority handling the legal matter: Taipei District Court, Taiwan

3. Case number of the related legal document: Not yet established

4. Date of occurrence: 115/06/29

5. Background (including subject of dispute): Application for compulsory enforcement to recover advance payment for goods.

6. Handling process: According to Case No. 115 Ban Si Jian Tiao Zi 1357, the respondent was required to fully pay USD 8,883,000 by June 25, 115. As of June 29, 115, the applicant had not received the repayment of the advance payment and therefore filed an application for compulsory enforcement with the Taipei District Court, Taiwan.

7. Impact on the company's financials and operations, and estimated amount of impact: There is currently no significant impact on the company's financial or operational status.

8. Response measures and improvement status: None.

9. Other matters to be disclosed (if the entity involved in the event or resolution is a publicly listed company or above, this material information also qualifies as a matter under Article 7, Paragraph 2 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices): None.

Keyword: Material Information