Happiness Co. Announces Endorsement Guarantee Adjustment for Subsidiary Xingfu Ready-Mix Concrete Co., Ltd. in Accordance with Article 25, Paragraphs 3 and 4 of the Fund Lending and Endorsement Guarantee Handling Guidelines

1. Date of Event: 115/06/29

2. Information on the Company Receiving Endorsement Guarantee: (1) Company Name: Xingfu Ready-Mix Concrete Co., Ltd. (2) Relationship with Guarantee-Providing Company: 100% owned subsidiary of our company (3) Endorsement Guarantee Limit (in thousand NT$): 2,168,648 (4) Previous Endorsement Guarantee Balance (in thousand NT$): 980,000 (5) Amount of New Endorsement Guarantee This Time (in thousand NT$): 100,000 (6) Endorsement Guarantee Balance as of Event Date (in thousand NT$): 1,080,000 (7) Actual Amount Drawn by the Guaranteed Company (in thousand NT$): 610,000 (8) Reason for New Endorsement Guarantee: Due to working capital needs of the subsidiary Xingfu Ready-Mix Concrete Co., Ltd.

3. Collateral Provided by the Guaranteed Company: (1) Description: None (2) Value (in thousand NT$): 0

4. Latest Financial Statement Information of the Guaranteed Company: (1) Capital (in thousand NT$): 879,596 (2) Accumulated Profit/Loss (in thousand NT$): 221,994

5. Conditions for Release of Endorsement Guarantee Liability: (1) Condition: After the subsidiary repays the financing (2) Date: Until the expiration date of the financing contract

6. Total Endorsement Guarantee Limit (in thousand NT$): 2,710,810

7. Endorsement Guarantee Balance as of Event Date (in thousand NT$): 1,110,000

8. Ratio of Endorsement Guarantee Balance Provided by Company A to the Net Worth in the Latest Financial Statements of the Publicly Issued Company as of Event Date: 20.47

9. Ratio of the Total of Endorsement Guarantee, Long-Term Investment, and Fund Lending Balances to the Net Worth in the Latest Financial Statements of the Publicly Issued Company as of Event Date: 98.32

10. Other Matters to be Disclosed: None