Rongcheng Announces Board Resolution for 28th Treasury Stock Repurchase

1. Board resolution date: 115/05/11. 2. Purpose of repurchase: Transfer shares to employees. 3. Type of shares to be repurchased: Common stock. 4. Maximum total amount for repurchase (NT$): 6,673,748,649. 5. Scheduled repurchase period: 115/05/11 ~ 115/07/10. 6. Scheduled repurchase quantity (shares): 8,000,000. 7. Repurchase price range (NT$): 6.42 ~ 10.00. 8. Repurchase method: Through the centralized securities exchange market. 9. Percentage of repurchased shares to the company's total issued shares: 0.60%. 10. Cumulative shares held by the company at the time of declaration: 28,299,000. 11. Share repurchases in the past five years: (1) Actual repurchase period: 115/03/12 ~ 115/05/08, Scheduled repurchase quantity (shares): 8,000,000, Actual repurchased quantity (shares): 6,370,000, Execution status (% of scheduled): 80.00. (2) Actual repurchase period: 114/09/30 ~ 114/11/05, Scheduled repurchase quantity (shares): 8,000,000, Actual repurchased quantity (shares): 5,888,000, Execution status (% of scheduled): 74.00. (3) Actual repurchase period: 114/08/20 ~ 114/09/17, Scheduled repurchase quantity (shares): 10,000,000, Actual repurchased quantity (shares): 2,498,000, Execution status (% of scheduled): 25.00. (4) Actual repurchase period: 114/06/10 ~ 114/07/17, Scheduled repurchase quantity (shares): 8,000,000, Actual repurchased quantity (shares): 8,000,000, Execution status (% of scheduled): 100.00. (5) Actual repurchase period: 114/05/29 ~ 114/06/09, Scheduled repurchase quantity (shares): 10,000,000, Actual repurchased quantity (shares): 3,505,000, Execution status (% of scheduled): 35.00. (6) Actual repurchase period: 111/07/12 ~ 111/07/22, Scheduled repurchase quantity (shares): 6,000,000, Actual repurchased quantity (shares): 2,038,000, Execution status (% of scheduled): 34.00. 12. Status of declared repurchases not yet completed: 22nd instance: Due to market mechanisms and shareholder interests, the company employs a phased repurchase strategy based on stock price fluctuations, thus not completing the entire original quantity. 23rd instance: The company repurchases in phases within the price range based on stock price fluctuations. Considering employee subscription willingness and capital utilization efficiency, the repurchase was not fully completed. 25th instance: The company repurchases in phases within the price range based on stock price fluctuations. Considering employee subscription willingness and the market price being significantly higher than the originally planned repurchase price range, the repurchase was not fully completed. 26th instance: Due to market mechanisms and shareholder interests, the company employs a phased repurchase strategy based on stock price fluctuations, thus not completing the entire original quantity. 27th instance: Due to market mechanisms and shareholder interests, the company employs a phased repurchase strategy based on stock price fluctuations, thus not completing the entire original quantity. 13. Minutes of the board meeting approving the share repurchase: Minutes of the 18th meeting of the 16th Board of Directors of the company on May 11, 115. 14. Regulations for transfer of repurchased shares to employees as stipulated in Article 10 of the "Regulations for Listed and OTC Companies Repurchasing Their Own Shares": Rongcheng Paper Co., Ltd. Regulations for the 28th Repurchase and Transfer of Shares to Employees. Set on May 11, 115. Article 1: To incentivize employees and enhance their loyalty, this company has established these Regulations for the Repurchase and Transfer of Shares to Employees in accordance with Article 28-2, Paragraph 1, Item 1 of the Securities Transaction Act and the "Regulations for Listed and OTC Companies Repurchasing Their Own Shares" issued by the Financial Supervisory Commission, Executive Yuan. The repurchase and transfer of shares to employees shall be handled in accordance with these Regulations, except as otherwise stipulated by relevant laws and regulations. Article 2: The shares to be transferred to employees in this instance are common shares. Their rights and obligations shall be the same as other outstanding common shares, except as otherwise stipulated by relevant laws and these Regulations. Article 3: The repurchased shares may, in accordance with these Regulations, be transferred to employees once or in installments within five years from the date of repurchase. Any un-transferred portion after five years shall be canceled in accordance with regulations. Article 4: Employees of this company and its domestic or overseas controlled or subsidiary companies who have been employed for more than one month prior to the share subscription record date or have made special contributions to the company, as approved by the Board of Directors, are eligible to subscribe for shares according to the subscription amount specified in Article 5 of these Regulations (including part-time employees and consultants). For the purpose of the preceding paragraph, controlled or subsidiary companies shall be determined in accordance with the standards set forth in Articles 369-2, 369-3, 369-9 Paragraph 2, and 369-11 of the Company Act. Part-time employees as referred to in Paragraph 1 are persons employed by this company on an hourly basis (i.e., working less than 8 hours per day) or fixed-term contract employees who receive remuneration. Consultants as referred to in Paragraph 1 are persons hired by this company on a fixed-term contract basis to perform special or project-based tasks assigned by the company and who receive remuneration. Article 5: The number of shares each employee can subscribe to shall be determined based on factors such as the employee's position, tenure, performance, and contributions, after an evaluation and calculation, and shall be submitted to the Board of Directors for approval. The number of shares subscribed by the company's managers and directors with employee status shall first be approved by the Remuneration Committee and then submitted to the Board of Directors for resolution; employees of the company's domestic or overseas controlled or subsidiary companies who also hold the position of manager or director of this company shall be treated the same. For this company's domestic and overseas controlled or subsidiary companies...