Hongxu-KY Board Resolves Pricing of 2026 Private Placement of Common Shares

1.Date of board resolution: 2026/06/08 2.Type of securities: Common shares 3.Private placement subscribers and their relationship with the company: (1) The subscribers for this private placement are specific persons as defined in Article 43-6 of the Securities and Exchange Act. (2) Identified subscribers: Subscriber Relationship with the Company ------------------------------- ------------ Zhu Yingjie None Zhang Xiuwei None Zhu Mingwei None 4.Number of shares: 8,000,000 shares 5.Private placement ceiling: Up to 40,000,000 shares and up to 4,000 units of unsecured domestic convertible bonds, to be conducted within one year from the shareholders' meeting resolution date, either separately or in combination, at an appropriate time and based on market conditions. 6.Basis and reasonableness of pricing: The private placement price shall not be less than 80% of the higher of the following two reference prices calculated before the pricing date: (1) The simple arithmetic average of closing prices of common shares on one of the 1, 3, or 5 business days before the pricing date, adjusted for ex-dividend and ex-rights, and adding back the reverse ex-rights for capital reduction. (2) The simple arithmetic average of closing prices over the 30 business days before the pricing date, similarly adjusted. Based on the above, the reference price is NT$28.53, and at 87.63% thereof, the private placement price is set at NT$25 per share. 7.Use of funds: Reinvestment. 8.Reason for not using public offering: Private placement offers timeliness and convenience, and accommodates the introduction of strategic investors, making it necessary. 9.Dissenting or abstaining opinions from independent directors: None. 10.Actual pricing date: 2026/06/08 11.Reference price: NT$28.53 per share 12.Actual private placement price, conversion or subscription price: NT$25 per share 15.Rights and obligations of new shares: The rights and obligations of the private placement shares are generally the same as existing common shares. However, shares issued and any subsequent shares distributed shall not be sold within three years from the delivery date, except to permitted transferees under Article 43-8 of the Securities and Exchange Act. After three years, the company must obtain approval from the competent authority for listing and apply to the Financial Supervisory Commission for public offering procedures before listing. 16.Conversion/exchange/subscription base date: Not applicable. 17.Potential dilution: Not applicable. 18.Impact on listed share ratio if convertible bonds fully converted: Not applicable. 19.Measures for low liquidity if listed shares are below 60 million and 25%: Not applicable. 20.Other matters: (1) Payment period: From June 9, 2026 to June 23, 2026 (2) Record date for new share issuance: June 23, 2026 (3) If adjustments to the payment period or record date are required due to regulatory changes, market conditions, or other factors, the chairperson is authorized to make adjustments within the statutory 15-day payment period.