Hocheng Announces Board Resolution for Cash Capital Reduction by Subsidiary Hocheng (China) Co., Ltd.

1. Date of board resolution: 2026/04/15 2. Reason for reduction: To align with group investment fund planning. 3. Amount of reduction: USD 5,000,000 4. Shares to be cancelled: Not applicable 5. Reduction ratio: 15.625% 6. Post-reduction share capital: USD 27,000,000 7. Scheduled date of shareholders' meeting: 2026/04/15 8. Number of listed common shares after new share issuance post-reduction: Not applicable 9. Percentage of listed common shares to issued common shares post-reduction (post-reduction listed common shares / post-reduction issued common shares): Not applicable 10. If the number of listed common shares post-reduction is less than 60 million and less than 25%, please explain countermeasures for low equity liquidity: Not applicable 11. Record date for capital reduction: Not applicable 12. Other matters to be noted: None Keywords: Material Information