Honde Energy Announces Disposal of 100% Equity Stake in Japanese Subsidiary via Honde Japan

1. Name and nature of the subject matter (if preferred shares, specify issuance conditions such as dividend rate): Subsidiary: Contract Corporation 4

2. Date on which the fact occurred: 115/6/29 ~ 115/6/29

3. Date approved by the Board of Directors: June 29, Year 115

4. Other approval dates: Not applicable

5. Transaction quantity, unit price, and total transaction amount: Total transaction amount: JPY 2,100,000 thousand

6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party of the company, name disclosure may be omitted): Kabushiki Kaisha HIKARU, unrelated party

7. If the counterparty is a related party, state the reason for selecting the related party, the previous transferor, the relationship among the previous transferor, the company, and the counterparty, the previous transfer date, and the transfer amount: Not applicable

8. If the owner of the subject matter was a related party of the company within the past five years, state the related party's acquisition and disposal date, price, and relationship with the company at the time: Not applicable

9. Matters related to the disposal of receivables (including types of collateral attached to the disposed receivables; if receivables from related parties are involved, state the name of the related party and the book value of the disposed receivables): Not applicable

10. Gain (or loss) on disposal (not applicable for acquisition of securities) (if previously deferred, explain recognition status in a table): Approximately JPY 830,794 thousand

11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements: In accordance with the transaction contract

12. Method of determining the transaction, reference basis for price determination, and decision-making unit: Transaction determination method: Negotiation Price determination reference basis: Auditor's reasonableness opinion Decision-making unit: Honde Japan Board of Directors

13. Net asset value per share of the securities-issuing company acquired or disposed: Not applicable

14. Cumulative number, amount, ownership percentage, and rights restriction status (e.g., pledge) of securities held to date (including this transaction): Cumulative holding amount: 0 Ownership percentage: 0% Rights restriction status (e.g., pledge): None

15. Ratio of securities investment (including this transaction) listed under Article 3 of the 'Asset Acquisition and Disposal Rules for Publicly Issued Companies' to total assets and equity attributable to parent owners in the company's latest financial statements, and the amount of working capital in the latest financial statements (Note 2): Ratio to total assets: 0.1% Ratio to equity: 0.19% Working capital amount: JPY 4,209,566 thousand

16. Broker and brokerage fees: Not applicable

17. Specific purpose or use of the acquisition or disposal: Considering the group's overall development and operational strategy

18. Opinion of directors who objected to this transaction: None

19. Whether this transaction is a related-party transaction: No

20. Date of supervisor approval or audit committee consent: Not applicable

21. Whether the auditor issued a non-reasonableness opinion on this transaction: No

22. Name of the accounting firm: Watt Accounting Firm

23. Name of the auditor: Chen Rong-Chao

24. Auditor's license number: All-Union Council No. 1050166

25. Whether it involves a change in business model: No

26. Explanation of business model change: Not applicable

27. Transaction status with the counterparty in the past year and expected in the next year: Not applicable

28. Source of funds: Not applicable

29. Previous date of material information release regarding the same event: Not applicable

30. Other explanatory matters: None

Keywords: Material Information