【Hotai Motor】Acting for subsidiary He Jing Enterprise announces board resolution for capital increase through retained earnings

1. Board resolution date: 115/05/06 2. Source of capital increase funds: Retained earnings capital increase 3. Whether to adopt a lump-sum filing for new share issuance (Yes, please state the planned issuance period / No): No 4. Total amount and number of shares for the entire issuance (if it's a capital increase from retained earnings or reserves, the number of shares issued excludes those allocated to employees): Total amount: NT$121,588,620, Shares: 12,158,862 5. Lump-sum filing for new share issuance case, current issuance amount and shares: Not applicable 6. Lump-sum filing for new share issuance case, remaining amount and shares after this issuance: Not applicable 7. Par value per share: 10 NT$ 8. Issuance price: Not applicable 9. Employee subscription shares or allocated amount: None 10. Public offering shares: Not applicable 11. Original shareholders' subscription or gratuitous distribution ratio: Original shareholders receive 38.8 shares gratuitously for every 1000 shares 12. Handling of fractional shares and un-subscribed shares: Fractional shares less than one share will be authorized for subscription by the Chairman to specific individuals at par value. 13. Rights and obligations of new shares issued this time: Same as original shares 14. Purpose of capital increase: To supplement working capital 15. Other matters to be noted: None