【Hotai Motor】Announcement of Board of Directors' Resolution to Invest in Listed Company Stocks

1. Date of Occurrence of the Event: 2026/05/13 2. Company Name: Hotai Motor Co., Ltd. 3. Relationship with the Company (Please enter 'the company' or 'subsidiary'): The company 4. Mutual shareholding ratio: Not applicable 5. Reason for occurrence: The company's board of directors resolved to invest in listed company stocks 6. Countermeasures: Not applicable 7. Other matters that need to be specified (If the subject of the event or resolution is a public offering company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters that have a material impact on shareholders' equity or securities prices): The company's board of directors resolved to authorize the Chairman to invest in listed company stocks, with a total investment amount not exceeding JPY 1.7 billion, with an expected execution period from 2026/05/13 to 2026/12/31. This investment will be announced separately according to the procedures for acquisition or disposal of assets after the settlement date and amount are confirmed. Keyword: Material Information