Board Approves Private Placement of Up to 30 Million Common Shares

The company’s board of directors resolved on May 14, 2026, to conduct a private placement of common shares. The planned issuance will not exceed 30,000 thousand shares, with a par value of NT$10 per share, and may be carried out in up to five tranches within one year from the shareholders’ meeting resolution date. The company plans to ask shareholders to authorize the board to handle the matter based on operational planning needs and market conditions. Eligible subscribers will be limited to specific persons who meet Article 43-6 of the Securities and Exchange Act and relevant regulatory requirements. If subscribers are insiders or related parties, potential participants may include the chairman, directors, managers, major shareholders, and their relatives. The private placement price will be set at no less than 80% of the higher statutory reference price and no less than NT$10 per share. The actual pricing date, reference price, and placement price will be determined by the board after shareholder approval. Proceeds from the private placement will be used to replenish working capital and repay bank loans, with the aim of improving operating efficiency, strengthening the financial structure, and benefiting shareholder equity. The company said it chose private placement instead of a public offering to secure long-term funding in a timely manner, while the three-year transfer restriction on privately placed securities is expected to help maintain the long-term control of the core management team. No independent director expressed dissenting or qualified opinions. The privately placed new shares will carry the same rights and obligations as existing shares, but may not be freely transferred within three years after delivery except under legally permitted circumstances. After the three-year period, the company plans to apply to the competent authority for retroactive public issuance and listing of the privately placed securities in accordance with applicable laws.