Taiwan Terminal (3432) Reports Fair Value of Fund Investments Worth TWD 1.68 Billion Written Down to Zero

Date of Occurrence: May 16, 2026. Taiwan Terminal Co., Ltd. (the Company), in compliance with a directive from the Taiwan Stock Exchange (Letter No. 1121801204), issued a weekly update on its fund holdings. As of May 16, 2026, the Company and its subsidiaries' total investment in four funds, calculated based on their last published net asset value, amounted to USD 53,286,000 (approximately TWD 1,680,383,000). However, the fair value of these investments has been assessed as zero. The specific funds are: Spectra SPC Powerfund (PF), Asian Strategic Long Term Fund (GP), Asian Strategic Orient Fund (GH), and Longchamp Absolute Return Unit Trust Fund (LC). For the current year up to May 16, 2026, there have been no new fund subscriptions or redemptions. Additionally, the Company has two outstanding fund redemption receivables totaling USD 2,041,000 (approximately TWD 64,534,000). Following an impairment assessment, the value of these receivables has also been reduced to zero. The Company has stated that this event has a material impact on shareholder equity and stock price. It will closely monitor the situation and has engaged professional services to protect shareholder interests. Investors are advised to rely on the Company's official announcements for further information.