[Shinfox Energy] Announcement of Material Information on Behalf of Subsidiary Foxwell Energy Corp.

1. Parties to the legal matter: Contracting parties: Foxwell Energy Corp. and Taiwan Power Company (Taipower)
2. Name of the court or penalizing agency of the legal matter: Not applicable
3. Reference/case number of relevant documents of the legal matter: Not applicable
4. Date of occurrence of the event: April 17, 2026
5. Details of events (including the matter under dispute):
Our subsidiary, Foxwell Energy Corp., contracted Taipower's "Offshore Wind Power Phase II Project - Procurement and Installation". During the procurement phase, global inflation and interest rate hikes occurred due to unforeseeable circumstances such as the Ukraine-Russia war and COVID-19, leading to a change of circumstances in this project. Therefore, the subsidiary applied to Taipower for an additional budget. Due to a contract performance dispute, the subsidiary applied for mediation to the Public Construction Commission in accordance with Article 85-1 of the Government Procurement Act.
6. Handling procedure: Received the Mediation Agreement from the Public Construction Commission, Executive Yuan, today. For all disputes arising prior to December 31, 2025 regarding the project in question, Taipower has agreed to pay NTD 5,556,933,697 (excluding miscellaneous expenses and business tax), with all payments to be made under Taipower's supervision.
7. Impact on company finances and business and estimated impact amount:
The Company has already recognized the aforementioned additional funds in its 2025 financial statements in accordance with relevant accounting standards.
8. Countermeasures and improvement status:
This is a normal mediation process for public engineering projects. Subsequent execution matters such as signing contract amendments will be handled.
9. Any other matters that need to be specified: None