HOTAI MOTOR Announces Intercompany Loans to Subsidiaries under Article 22, Paragraph 1, Clause 3 of the Regulations for Lending and Guaranteeing Funds by Publicly Listed Companies

1. Date of Fact: 115/06/18

2. Recipients of Funds:

(1) Company Name: Minami-Kanto Hino Motors Co., Ltd. (2) Relationship to Lending Company: Subsidiary (3) Loan Limit (in thousand JPY): 7,922,222 (4) Previous Loan Balance (in thousand JPY): 0 (5) Amount of New Loan (in thousand JPY): 3,291,750 (6) Is this a board-authorized revolving or installment loan to the same recipient by the chairman?: Yes (7) Loan Balance as of Fact Date (in thousand JPY): 3,291,750 (8) Reason for New Loan: Short-term financing

(1) Company Name: Hokkaido Hino Motors Co., Ltd. (2) Relationship to Lending Company: Subsidiary (3) Loan Limit (in thousand JPY): 7,922,222 (4) Previous Loan Balance (in thousand JPY): 0 (5) Amount of New Loan (in thousand JPY): 1,715,700 (6) Is this a board-authorized revolving or installment loan to the same recipient by the chairman?: Yes (7) Loan Balance as of Fact Date (in thousand JPY): 1,715,700 (8) Reason for New Loan: Short-term financing

(1) Company Name: Higashi-Hokkaido Hino Motors Co., Ltd. (2) Relationship to Lending Company: Subsidiary (3) Loan Limit (in thousand JPY): 7,922,222 (4) Previous Loan Balance (in thousand JPY): 0 (5) Amount of New Loan (in thousand JPY): 638,400 (6) Is this a board-authorized revolving or installment loan to the same recipient by the chairman?: Yes (7) Loan Balance as of Fact Date (in thousand JPY): 638,400 (8) Reason for New Loan: Short-term financing

(1) Company Name: Miyagi Hino Motors Co., Ltd. (2) Relationship to Lending Company: Subsidiary (3) Loan Limit (in thousand JPY): 7,922,222 (4) Previous Loan Balance (in thousand JPY): 0 (5) Amount of New Loan (in thousand JPY): 339,150 (6) Is this a board-authorized revolving or installment loan to the same recipient by the chairman?: Yes (7) Loan Balance as of Fact Date (in thousand JPY): 339,150 (8) Reason for New Loan: Short-term financing

(1) Company Name: Fukushima Hino Motors Co., Ltd. (2) Relationship to Lending Company: Subsidiary (3) Loan Limit (in thousand JPY): 7,922,222 (4) Previous Loan Balance (in thousand JPY): 0 (5) Amount of New Loan (in thousand JPY): 997,500 (6) Is this a board-authorized revolving or installment loan to the same recipient by the chairman?: Yes (7) Loan Balance as of Fact Date (in thousand JPY): 997,500 (8) Reason for New Loan: Short-term financing

3. Collateral Provided by Borrowing Companies:

(1) Description: None (2) Value (in thousand JPY): 0

4. Latest Financial Statement Data of Borrowing Companies:

(1) Capital (in thousand JPY): 109,007 (2) Accumulated Profits/Losses (in thousand JPY): 5,696,189

5. Interest Calculation Method: Daily accrual

6. Repayment Terms:

(1) Conditions: Revolving usage, repayment upon maturity (2) Date: Effective from June 18, 2026, valid for one year

7. Total Loan Balance as of Fact Date (in thousand JPY): 19,248,338

8. Loan Balance as Percentage of Lender's Latest Net Equity: 24.30%

9. Source of Loaned Funds: Financial institutions

10. Other Disclosures:

(1) Exchange rate used: TWD 0.1995 per JPY (Taiwan Bank spot selling rate on June 10) (2) Capital of guaranteed companies (in thousand JPY): Minami-Kanto: 19,950 Hokkaido: 13,247 Higashi-Hokkaido: 45,885 Miyagi: 9,975 Fukushima: 19,950

(3) Accumulated Profits/Losses of guaranteed companies (in thousand JPY): Minami-Kanto: 1,681,661 Hokkaido: 1,426,799 Higashi-Hokkaido: 519,294 Miyagi: 1,402,389 Fukushima: 666,046